What types of properties are eligible for purchase with REI DPA using a Fannie Mae HFA Preferred loan?

•  1 ‐2 Units
• Condos and Townhomes – Condos must be approved by US Bank Home Mortgage HFA Division
• Manufactured Housing is NOT permitted

Refer to the US Bank HFA Lending Guide 800: Condominium Project Review Sections 810 and 811 for all U.S. Bank condo requirements.

For properties located in a flood zone requiring flood insurance, the outstanding 2nd mortgage lien must be included in
the flood insurance coverage calculations.