June 6, 2022
Lender Bulletin 2022-4:
NJHMFA HFA Advantage Program Increased Income Limits 
Effected Programs: HFA Advantage Program
Effective Date: Monday, June 6, 2022
NJHMFA encourages all of our business partners and constituents to submit any and all documentation in an electronic format whenever possible as staff will continue to check email and review information submitted electronically.  
Attention Lenders:
NJHMFA HFA Advantage Program Increased Income Limits
We are pleased to share Freddie Mac’s Bulletin 2022-11, which provides an increase to the HFA Advantage Program maximum income limits, as well as other guideline enhancements. These changes will help more borrowers qualify to use the HFA Advantage program. As a reminder, Freddie Mac also recently expanded their credit eligibility, and have been approving HFA Advantage files with a wider range of credit history. Lenders are encouraged to re-run files where borrowers may benefit from these program enhancements.
The HFA Advantage Program income limits have been updated in our system and can be viewed below or through the Income Limits on the Lender Portal. Note that HMFA’s HFA Advantage program is eligible up to 80% of AMI.
The updated income limits will automatically apply in ILRS for new reservations. For pipeline loans reserved on ILRS prior to June 6, 2022 that exceed the 2021 limits but are below the new 2022 limit, lenders should rerun LPA to confirm eligibility under the new limits and contact SFLenders@NJHMFA.gov to update the file.
Questions? Need Help?

If you have questions about one of our loan products or need help with a loan in the ILRS system, please e-mail your requests to SFLenders@njhmfa.gov.

Access Forms, Checklists, Policies, Previous Lender Bulletins and More at the Lender Resources Page: www.njhousing.gov/lenders/.
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New Jersey Housing and Mortgage Finance Agency | 609-278-7400 | NJHousing.gov