Freddie Mac issued Bulletin 2024-C (Bulletin, announcing updated area median income (AMI) limits. For mortgages submitted to Loan Product Advisor (LPA), LPA will be updated on May 19, 2024 to reflect the 2024 AMI limits. For manually underwritten mortgages, the updated borrower income limits will be effective for mortgages with application received dates on or after May 19, 2024.
Click to view the Freddie Mac Guide Bulletin 2024-C: https://www.tenaco.com/wp-content/uploads/2024/05/Freddie-Mac-Guide-Bulletin-2024-C-05-09-24.pdf
