source:
  type: guide
  id: fnma-sel-b6-1-05
  authority: Fannie Mae Selling Guide B6-1-05 — Eligible RD-Guaranteed Mortgages
  description: Fannie Mae Selling Guide B6-1-05 — Eligible RD-Guaranteed Mortgages.
  coverage_tier: operative
obligations:
- id: fnma-sel-b6-1-05-full
  canonical_id: fnma-sel-b6-1-05-full
  section: Fannie Mae Selling Guide B6-1-05 — Eligible RD-Guaranteed Mortgages
  type: do
  tags:
  - regulator-direct
  - fnma
  - selling-guide
  - corpus-expansion
  - tier-operative
  primary_source:
    tier: 1
    authority: Fannie Mae Selling Guide B6-1-05 — Eligible RD-Guaranteed Mortgages
    source_class: fnma-guide
    source_url: https://singlefamily.fanniemae.com/media/document/pdf/selling-guide
    snapshot_id: 5f7b8b79da595d76
    fetched_at: '2026-05-25T14:09:57Z'
    content_hash: sha256:98cf85a02861bbe84914a0e339b327c8fc131869a8a573882007bbeea60c5701
    paragraph_quote: 'B6-1-05, Eligible RD-Guaranteed Mortgages (12/14/2022) Introduction
      This topic contains information on eligible RD-guaranteed mortgages, including:
      Overview RD Higher Balance Mortgage Loans Section 502 Leveraged (Blended) Loan
      Program Delivery Requirements Overview Fannie Mae will purchase or securitize
      RD-Guaranteed Section 502 ﬁrst mortgage loans under the following conditions:
      The loans must be secured by one-unit residential properties. Fixed-rate RD-Guaranteed
      Section 502 ﬁrst mortgage loans that are subject to interest rate buydowns are
      eligible for delivery to Fannie Mae as long as the borrower is qualiﬁed at the
      note rate. RD Higher Balance Mortgage Loans Lenders may deliver higher balance
      RD-Guaranteed Section 502 ﬁrst mortgage loans subject to the same Fannie Mae
      high-cost area loan limits that apply to conventional loans. Published May 6,
      2026 828 Section 502 Leveraged (Blended) Loan Program Fannie Mae will purchase
      conventional ﬁrst mortgage loans that are combined with a direct, low interest
      rate, subordinate RD Section 502 Leveraged (Blended) Loan Program under the
      Community Seconds program. Lenders are not required to obtain speciﬁc approval
      from Fannie Mae to originate these RD Section 502 Leveraged (Blended) Loan Program
      mortgage loans. Any Fannie Mae-approved lender that meets RD’s lender eligibility
      criteria may deliver mortgages originated under this program. Fannie Mae will
      not purchase the RD-subsidized second mortgage. The ﬁrst mortgage loan must
      satisfy the eligibility criteria applied to any standard conventional ﬁrst mortgage
      in addition to any RD guidelines. See B5-5.1-02, Community Seconds Loan Eligibility,
      for additional information. Delivery Requirements The following table describes
      the special feature codes that must be reported for RD Section 502 mortgage
      loans. Loan Type Required Special Feature Code(s) Section 502 Guaranteed ﬁrst
      mortgage loan 087 Section 502 Guaranteed ﬁrst mortgage loan where the subject
      property is a manufactured home 087 and 235 First mortgage loan originated under
      RD Section 502 Leveraged (Blended) Loan Program First Mortgage Loan that is
      combined with RD Section 502 subordinate lien (Community Seconds) 118 and 220
      Section 502 loans are assumable as of the note date. When selling such loans
      to Fannie Mae, the Assumption Indicator in the Loan Delivery application must
      be "True" (which means assumable). Recent Related Announcements The table below
      provides references to recently issued Announcements that are related to this
      topic. Announcements Issue Date Announcement SEL-2022-10 December 14, 2022 Published
      May 6, 2026 829 Subpart B7, Insurance Introduction This subpart describes Fannie
      Mae’s requirements for mortgage, title, property, ﬂood, liability, and ﬁdelity
      insurance. Chapter B7-1, Mortgage Insurance/Loan Guaranty Introduction This
      chapter describes Fannie Mae’s policies and requirements for standard conventional
      mortgage insurance coverage and government mortgage loan guaranty or insurance.
      The chapter includes requirements related to lender-purchased and borrower-ﬁnanced
      conventional mortgage insurance.'
  judgment: false
