AC-011 Conventional 2025 AMI Limits – Condo Project Review & Other Reminders
NOTICE TO ALL CUSTOMERS
Conventional 2025 Area Median Income (AMI) Limits, Condominium Project Review Updates and Other Reminders
FLCBank is notifying customers of the recent updates published by Fannie Mae and Freddie Mac around various topics, changes to FLCBank’s Condominium Project Review Submission and reminds customers the date is approaching to implement FHA ML 2025-09 revising the Residency Requirements which take effect for FHA Case Numbers Assigned on or After May 25th.
Conventional 2025 Area Median Income (AMI) Limits
The Federal Housing Finance Agency (FHFA) recently issued the income limits for the Area Median Income (AMI) for 2025. These AMIs are used in determining borrower eligibility for GSEs affordable mortgages and also used in determining eligibility for certain loan-level price adjustment waivers for first-time homebuyers; consequently, Fannie Mae and Freddie Mac announced the timing for when these updates will be incorporated in their respective AUS technology systems (DU and LPA).