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Improved MPF® Housing Impact Pricing to Support More Borrowers

Earlier this year, we introduced new MPF® Traditional Conventional Housing Impact Pricing Grids to help your institution reach more borrowers with affordable mortgage options. Starting December 2, eMPF® will offer functionality to ensure loans submitted for funding under the Housing Impact Pricing Grids meet income requirements.

Here’s how the Housing Impact Pricing Grids can support your lending goals:

  • Enhanced Pricing for Greater Accessibility: Our new grids offer improved pricing (see example below) for loans to borrowers with income at or below 80% of the area median income (AMI), expanding affordable financing options for households that need it most.
  • Flexible 30-Year Fixed Options: These enhancements apply to 30-year fixed conforming/conventional loans, including those with low loan balances, allowing more borrowers to qualify under favorable terms
  • Seamless Access via Approved PPEs: Available through MPF Program-approved Product and Pricing Engines (PPEs), this new pricing integrates seamlessly into your existing processes, making it easier to offer community-oriented products.
  • Support for CRA Objectives: The pricing may help contribute to your institution’s Community Reinvestment Act (CRA) efforts, reinforcing your community commitment while serving eligible borrowers.

 

Below, you’ll see a pricing comparison, highlighting the specific benefits you can gain when leveraging the new housing impact pricing grids:

price comparison tables

 

To further support your efforts, the new pricing grids are readily available on eMPF, along with the “FHFA 80 Percent AMI Amounts by County” resource under “Quick Links,” ensuring you have the tools to confirm borrower eligibility.

We encourage you to leverage these new pricing enhancements as you support your borrowers. Together, we can create a stronger impact in our communities and help more borrowers achieve homeownership.

For more details, please review our resources below: 

 

Questions?

If you’re interested in learning more about these updates, please don’t hesitate to contact  your Sales Director. 

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