AWACSMortgage compliance intelligence from Flightline

Freddie Mac · Guide Bulletin 2026-A · Published

Home Possible VLIP Mortgages $2,500 Credit Extended Through February 28, 2027

Freddie Mac extends the $2,500 Home Possible Very Low-Income Purchase (VLIP) Mortgages Credit to Mortgages with Settlement Dates from March 1, 2026 through February 28, 2027. Eligible Mortgages must meet the stated eligibility, underwriting and ULDD delivery requirements, and Bulletin 2024-H continues to apply to Settlement Dates on or before February 28, 2026.

Review recommendedSettlement dates on or after Mar 1, 2026All checks passedRead the bulletin ↗ (opens in a new tab)

Loan impact

From the bulletin text · verified

Applies to: Home Possible Mortgages that are purchase transactions to very low-income, first-time homebuyer Borrowers, with Settlement Dates from March 1, 2026 through February 28, 2027, that seek the $2,500 VLIP credit.

Applies when all of these are true
  • ANDFreddie Mac loan with an LPA Accept or manual underwriting
  • ANDPurchase
  • ANDSettlement date on or after March 1, 2026
  • ANDSettlement date on or before February 28, 2027
Addressed to
Freddie Mac Sellers
Investor
Freddie Mac
Programs
Conventional, LPA Accept or manual underwriting only
Loan purpose
Purchase
Affected areas
Data; Products
Effective
Settlement dates on or after Mar 1, 2026
Applicability confidence
Verified: every row above is supported by the source text
Supporting quotes from the bulletin
  • conditions“Effective for Mortgages with Settlement Dates on or after March 1, 2026 and on or before February 28, 2027”
  • loan purposes“The Mortgage must be a purchase transaction Mortgage.”
  • affected areas“In support of this effort, we are extending the $2,500 Freddie Mac Home Possible Very-Low Income Purchase (VLIP) Mortgages Credit through February 28, 2027.”
  • underwriting methods“A Loan Product Advisor Mortgage that receives a Risk Class of Accept, or”
  • underwriting methods“A Manually Underwritten Mortgage”

What changed

From the bulletin text · Section Exhibit 19
RequirementPreviouslyNow
Home Possible VLIP Mortgages Credit extendedRelaxedNot stated$2,500 VLIP credit extended for Mortgages with Settlement Dates through February 28, 2027
Applies when: Purpose is purchase

What to do

AWACS interpretation · not source language

What to review: No change is mandatory. Start by reviewing whether you may use the extended $2,500 Home Possible VLIP credit on purchase Mortgages with Settlement Dates from March 1, 2026 through February 28, 2027, and check the eligibility, underwriting and ULDD delivery requirements the bulletin states for it.

QC implications

  • For purchase Home Possible Mortgages that claim the $2,500 VLIP credit, check that the Settlement Date falls from March 1, 2026 through February 28, 2027.
  • Confirm that loans claiming the credit were underwritten either as a Loan Product Advisor Mortgage with a Risk Class of Accept or as a Manually Underwritten Mortgage.
  • Check that loans claiming the credit are purchase transactions for very low-income, first-time homebuyer Borrowers, as the record describes.

Source and record

Version 1 · archived

Checks passed

  • Schema valid
  • Effective quotes verbatim
  • Document ID appears in the source
  • Doc id matches catalog
  • Mandatory status is backed by requirement language
  • Mandatory entries have requirement language
  • Published on present
  • Title summary length
  • Controlled vocabulary
  • No placeholder tokens
  • Source link resolves
  • Loan impact quotes verbatim
  • Loan impact vocabulary
  • Changes quoted
  • Impact type consistent
  • Every required change is backed by obligation language
  • Only new or tightened changes are marked required
  • Loan impact covers every required change
  • Quotes are complete sentences
  • Unflagged must
  • Diff complete
  • Mandatory date resolved
  • Audience verbatim
  • Scope residential
  • Out of scope
  • Published in window
  • Interpretation schema valid
  • Interpretation separate