VA issued Circular 26-17-02 (Circular), clarifying and explaining new policy with respect to student loans and the underwriting of a VA home loan. The Circular sets forth the policy for calculating monthly loan payments for student loans that are in repayment at the time of loan closing and for student loans requiring repayment within 12 months of loan closing. The Circular went into effect January 23, 2017.
Fannie Mae
Fannie Mae Updates Area Median Incomes used to Determine Borrower Eligibility for HomeReady, RefiNow and Duty to Serve Loans
Fannie Mae updated the area median incomes (AMIs) used to determine a borrower’s eligibility for HomeReady, RefiNow, and Duty to Serve loans. The 2024 AMIs
May 13, 2024
