2014 Area Median Income Estimates
June 11, 2014
The Federal Housing Finance Agency has issued the Area Median Income (AMI) estimates for 2014. Freddie Mac uses the AMI estimates, among other things, to determine eligibility for our Home Possible® Mortgages.
Loan Prospector® will be updated on June 22, 2014, with the 2014 AMI estimates, which apply to new submissions and resubmissions on or after June 22, 2014. Sellers must use these estimates for Home Possible Mortgages.
Please note AMI estimates may change from the 2013 AMI estimates. To identify potential impacts on mortgages submitted to Loan Prospector prior to June 22, 2014, you should consider reviewing the 2014 AMI county estimates in the Affordable Income & Property Eligibility tool, which will be updated on June 23, 2014.
For More Information on Area Median Income Estimates
- Freddie Mac Sellers: Review the 2014 AMI estimates at the Affordable Income & Property Eligibility tool available on June 23, 2014.
- Third-party originators: Check with your wholesale lender to determine how they plan to address these requirements.