Freddie Mac Home Possible Income Limits

As announced in Freddie Mac Bulletin 2018-7 the Home Possible income limits have been updated for 2018 as of July 29, 2018.

Income limits (2017 or 2018) will be applied as follows:

  • Loans submitted to Loan Product Advisor (LPA) on and after July 29th that were previously submitted as a Home Possible loan and the income limits were met, the better of the 2017 or 2018 income limits will apply.
  • The following will have the 2018 income limits applied:
    • New submissions to LPA on and after July 29, 2018, or
    • The “Key Number