Back to Home
Helping Virginians Attain Quality, Affordable Housing
Follow Us LinkedIn Facebook YouTube RSS Feed Twitter Virginia Housing Blog Instagram
Text Size: A- A  A+ | Text Only | Print Print

Fannie Mae Conventional No MI DU Error Fixed!

​As previously announced on September 4, 2020, Fannie Mae’s Desktop Underwriter (DU) was erroneously issuing an Out of Scope for the Conventional No MI (Risk Share) program. Fannie Mae recently updated DU so users should no longer receive an Out of Scope message, instead, it will be Approve/Ineligible. There are two acceptable ineligibility reasons: HFA Preferred Risk Share loans are no longer eligible and qualifying income exceeds Fannie Mae’s 80% AMI limits. It is acceptable to proceed using the Conventional No MI program as long as these are the only reasons for ineligibility.

As a reminder manual underwrites for the Conventional No MI program are not allowed.


Contact Us

Homeownership Program Department

Toll free: 800-227-8432
Local: 804-783-6725
Homeownership Originations Contact Information

 

Customer Service

Toll Free: 877-VHDA-123 
Local: 804-782-1986 

 

Virginia Relay

In Virginia: 711
Toll Free: 800-828-1140

 

Virginia Housing Fraud, Waste or Abuse Hotline

Phone: 804-915-3146
Email: InternalAudit@vhda.com
Website: Reporting Fraud, Waste or Abuse