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 permitted (multi-section only)

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.

For manufactured housing, all agency guidelines for the applicable loan product must be followed.

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