Announcement SEL-2025-03: Selling Guide Updates

In May, we updated the Selling Guide to update interested party contribution definitions, identify items excluded from maximum financing concessions, clarify the treatment of realtor rebates, clarify arrangements subject to the lender incentive policy, increase the incentive limit to $2,500, and require lender incentives from interested parties to be treated as a sales concession, establish that the maximum guaranty fee buyup amount can be found in the lender’s MBS commitment, and clarify how prorated tax credits should be treated when underwriting.