Freddie Mac over 80% AMI requires Standard PMI coverage rates. _________________________________________________________ Household COMPLIANCE income considered for ALL borrower(s) and spouse and any person who will live in the household who is 18 years of age or older. _________________________________________________________ Manual Underwriting not permitted with FHA financing. Must meet agency, insurer and master servicer guidelines. Must be a first-time homebuyer. Must secure first mortgage through a participating lender. New or existing, attached or detached, one-unit, town-homes, PUD’s and condos are allowable in the program. Manufactured homes, mobile, recreational, seasonal or other types of vacation or non-permanent homes are not permitted. **Brokers must be able to close loans in their own name in order to originate this program.