Super conforming mortgage insurance no longer available?

[Chris Parker]

My lender @Chris Mason called me today to inform me of something incredible:

Apparently all the mortgage insurance providers he is aware of are suddenly no longer offering mortgage insurance for super conforming Home Possible loans.

• Who is currently offering mortgage insurance for super conforming Home Possible loans?
• Can anyone confirm this product is no longer being offered?

I am in the SF Bay Area and trying to get started by buying a 2-4 unit MDU using a 95% LTV super conforming mortgage (Home Possible). Can anyone suggest any other strategies to get a 5% or 10% down mortgage for such a property?

[Chris Parker]

@Chris Mason 

As per section 4501.10 of the Freddie Mac "Single-Family Seller/Servicer Guide", the maximum LTV for super conforming mortgages has indeed changed to 85% / 80% for duplexes / 3-4 units, effective Feb 6th 2019.