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www.hud.gov• Principal Reduction Alternative (PRA): and state of residence, such as: Designed to help homeowners whose home is currently worth significantly less than they owe on it. Homeowners may be eligible for PRA if their mortgage is not owned or guaranteed by Fannie Mae or Freddie Mac; they owe more than the home is worth; they occupy the
Guidelines for Down Payment Assistance (Bond and Non …
www.tsahc.orgthe eligibility and underwriting requirements of Lakeview Loan Servicing, LLC, Fannie Mae, Freddie Mac, FHA, USDA-RHS, and/or VA. For those requirements, Lenders should rely on their agreements ... 3.3 12-14 Clarified that a principal reduction is acceptable use of DPA 9/2/2020 5.2 20 Clarified only occupying borrowers and non-purchasing spouses