Fannie Mae updated the area median incomes (AMIs) used to determine a borrower’s eligibility for HomeReady, RefiNow, and Duty to Serve loans. The 2025 AMIs will be implemented in and applied to new Desktop Underwriter (DU) loan casefiles created on or after May 18, 2025. For manually underwritten loans, lenders are required to use the AMIs for loans with application dates on or after May 18, 2025. In addition, the Area Median Income Loan Lookup tool will be updated with the 2025 limits over the weekend of May 17, with an effective date of May 18, 2025.
Click to view the Fannie Mae Selling Notice: https://www.tenaco.com/wp-content/uploads/2025/05/Fannie-Mae-Selling-Notice-05-14-25.pdf
