Elimination of Extended Lock Option - Update #20-02


Program Update #20-02 dated 01/14/20

NIFA is eliminating the Extended Lock Option for new construction units.  The reason for this change is due to the lack of demand.  NIFA will allow Participating Lenders to submit final extended loan reservations as long as they are processed in Lender Online no later than Friday, January 31, 2020.

Please contact anyone on the Homeownership Team with questions.  Thank you!