PFRS Employment Verification
VOEs should be done in accordance with NJHMFA and Fannie Mae guidelines. Lenders should review and utilize the updated Fannie Mae guidance form Lender Letter (LL-2020-03).
Appraisals for all loans
NJHMFA will accept Exterior-Only and Desktop Appraisals submitted in accordance with the investor/insurer guidelines for the COVID-19 emergency.
Pest Inspections for all loans
Lenders should attempt to meet the existing program guidelines for pest inspections. If the inspection cannot be completed prior to closing, NJHMFA will waive the requirement unless the appraisal used on the transaction notes pest presence or damage. In the instance of pest presence or damage noted on the appraisal, all pest inspection and remediation requirements must be completed prior to loan delivery.