HAFA

 Eligibility  Questionnaire  
 
Is  your  short  sale  seller  eligible  for  HAFA?  Answer  the  questions  below  to  find  out  if  the  
borrower(s)  may  qualify  for  HAFA.  
 
Questions   Yes   No  
Is  the  first  loan  owned  (or  guaranteed)  by  Freddie  Mac  or  Fannie      
Mae?  
Is  the  current  unpaid  principal  balance  less  than  or  equal  to      
$729,750?  
Is  the  mortgage  on  the  subject  property  a  first  lien  (not  an  equity      
line  of  credit)?    
Was  the  loan  originated  prior  to  January  1,  2009?      
Is  the  property  the  primary  residence  and  is  it  still  owner-­‐occupied?      
(Note  that  a  one-­‐year  exemption  may  apply.)  
Is  the  mortgage  delinquent  or  is  default  foreseeable  in  the  near      
future?  
 
If  you  answered  ‘no’  to  the  first  question  and  ‘yes’  to  all  of  the  remaining  
questions,  than  the  borrower  may  qualify  for  the  Government’s  HAFA  
program.    
 
Next,  find  out  whether  the  mortgage  lender  and/or  investor  note  holder  participate  
in  the  HAFA  program.  If  so,  the  borrower(s)  can  participate  in  an  internal  HAFA  
evaluation  conducted  by  the  mortgage  lender.  
 
If  you  answered  ‘yes’  to  all  the  questions,  than  the  borrower  may  qualify  for  
the  GSE  (Fannie  Mae  or  Freddie  Mac)  HAFA  program.  The  borrower(s)  can  then  
request  an  internal  GSE  HAFA  evaluation  conducted  by  the  mortgage  lender.  
 

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