Announcement SEL-2022-10 – Selling Guide Updates

The December Selling Guide update:

• helps to provide equitable and sustainable access to housing by expanding manufactured home eligibility, simplifying use of HomeStyle® Energy loans, and updating valuation options for certain deed-restricted properties
• promotes safe and responsible lending by updating: property, flood, and project insurance requirements, and requirements for maintaining seller and servicer approval status
• simplifies documentation requirements for use of business assets; clarifies certain requirements related to grants and borrower contribution requirements, and temporary leave income; and includes several miscellaneous updates