Bulletin 2024-021 Texas 50(A)(6) Enhancements
Newrez LLC "Newrez" Approved Correspondent Clients; MH Advantage and CHOICEHome are now eligible for Texas 50(A)(6) Manufactured products with below eligibility:
MH Advantage
- Fannie Mae Conforming Fixed Rate
- LTV: 65%
- Must be multi -width
- Rate &Term Refinance Only
- Current mortgage being refinanced must be owned by Fannie Mae and verified via the Fannie Mae Lookup tool
CHOICEHome
- Freddie Mac Conforming Fixed Rate
- LTV: 65%
- Must be multi -width
- Rate &Term Refinance Only
- Current mortgage being refinanced must be owned by Freddie Mac and verified via the Freddie Mac Lookup tool