Federal Home Loan Bank of Chicago (MPF Program)
MPF Announcement 2026-17
April 13, 2026
Summary
Effective April 27, 2026, the MPF Program is expanding eligibility for its Traditional mortgage products to include low-income borrower programs, manufactured housing, and renovation loans. These updates align the MPF Traditional offering with current market standards for affordable and sustainable homeownership initiatives.
MPF Announcement: 2026-17
Date: April 13, 2026
Audience:
- Compliance/Legal
- Program Management
- Origination
- Quality Control
- Servicing
- Underwriting
Product:
- MPF Government MBS
- MPF Traditional
- MPF Xtra®
Alert:
- Policy Update
MPF Traditional Products – Expanded Eligibility Coming Soon
We are pleased to share upcoming enhancements to the MPF Program that expand eligibility under MPF Traditional products, providing Participating Financial Institutions (PFIs) with greater flexibility, stronger alignment with market standards, and additional opportunities to support affordable and sustainable homeownership.
These updates reflect direct feedback from PFIs and are designed to better align MPF Traditional offerings with market guidelines while advancing community-focused lending.
Effective April 27, 2026, PFIs may deliver the following expanded eligibility under the MPF Traditional products (MPF Original, MPF 35, and MPF 125):
- Low-income borrowers (≤80% Area Median Income), including Fannie Mae HomeReady® and Freddie Mac Home Possible® *
- Manufactured housing, including Fannie Mae MH Advantage™ and Freddie Mac ChoiceHome® loans*
- Renovation loans, when home improvement or rehabilitation work is completed prior to loan delivery.
*Must comply with MPF Traditional mortgage insurance requirements.
PFI-funded affordable housing programs (AHP), including affordable seconds programs that support mission-focused lending.
To support implementation, we will host a webinar at 1 pm CT on Wednesday, April 22 to provide an overview of these updates and what they mean for your institution. Register here.
Additional eligibility details, including updates to the MPF Traditional Selling Guide, will be communicated on April 27.
We encourage PFIs to review these enhancements and consider how expanded eligibility can support your lending strategy and community impact.
For questions or assistance, please contact the MPF Service Center by using one of the following options:
- MPF Customer Service Portal
- MPF-Help@fhlbc.com
- (877) 345-2673
Source: https://www.fhlbmpf.com/program-guidelines/mpf-program-updates/mpf-announcement-2026-17
Common questions
- What does "MPF Announcement 2026-17" cover?
- Effective April 27, 2026, the MPF Program is expanding eligibility for its Traditional mortgage products to include low-income borrower programs,…
- Which agency issued this update?
- This update was issued by Federal Home Loan Bank of Chicago (MPF Program).
- When was it published?
- It was published on April 13, 2026.