HFA of Brevard MCC

HFA of Brevard – MCC Program 

Note – for details, see the Administrator’s Guidelines under GUIDE & FORMS

PROGRAM FUNDS
ELIGIBLE AREAS
  • Brevard County 
ELIGIBILITY CRITERIA
  • First-time Homebuyers – All Borrower(s) & Spouses (occupant or non-occupant)
  • Must be able to permanently reside in the U.S.
  • Principal residence
  • Borrower(s) must occupy property within 60 days of closing
  • IRS filed returns for past 3 yrs – all borrower(s) & spouses
ELIGIBLE LOAN TYPES
  • FHA, VA, USDA-RD
INCOME LIMIT CRITERIA  
  • Household income is considered for ALL Borrower(s) , spouses and anyone 18 years or older.
    • 1-2 persons hhld – $61,900
    • 3+  persons hhld – $71,185
HOME ACQUISITION LIMITS  
  • Home Acquisition Limits
    • $258,691
HOME BUYER EDUCATION
  • Required for ALL named on the Warranty Deed. View Homebuyer Education Providers.
CO-SIGNERS
  • Cosigners are permitted for FHA loans as per FHA Guidelines. Cannot be named on the Warranty Deed.
LOAN TIME LINE REQUIREMENTS
  • Reservation to UW Cert: 10 days
  • Reservation to Issuance of MCC: 65 days
FORMS
  • Available online. eHP SF Web Management, under Forms.

eHousingPlus is the Program Administrator, and provides some of the following services:

 

Administrator Guidelines (8/23)     6/30

  •  Provides the web-based program loan reservation and management system, Administrator’s Guidelines, Program forms, Lender Program and System Training, Notices and updates to Lenders, Compliance Support to Lenders, Reviews Compliance Files, Timelines, Works with the Agency on Program Goals.
  • Need help,  Click here

 

 Program Sample Forms form 7-15
 Preclosing (in case needed) – Notices and Recapture – Click Here

 

 

The Following Lenders have been approved to originate loans in this Program:

  • Academy Mortgage
  • American Financial Network, Inc
  • DHI Mortgage
  • Embrace Home Loans
  • Fairway Independent Mortgage
  • K. Hovanian
  • Open Mortgage
  • Pacific Union Financial
  • Shelter Mortgage
  • Stonegate Mortgage
  • SWBC
  • UAMC Wells Fargo

Interested in becoming a participating lender? Contact us.

Program Updates

Check the Blackboard for periodic program updates and notifications.

  • 7/22-Updated income & acquisition (purchase) price limits
  • 6/20 – Updated income and acquisition limits – Effective for loans reserved after 7/21
  • 6/24 – Updated acquisition limits
  • 1/6/2014 – New Targeted Areas based on 2010 Census

EhousingPlus University

  1. eHP Lender Program Training
    • Required for everyone participating in the program
    • offered 24/7
    • Click here  to attend Program training
  2. eHP System Training*
    • After you complete the online Lender Program Training, information is provided as to what happens next.
    • Click here to register for system training

 

Should you have any questions on training, please contact trainer@ehousing.cc

To read more about eHP Program Training, click here.

* System Training is required at least once, so that users gain the knowledge necessary to originate and manage their loans on-line. eHP University provides additional opportunities to re-train and/or refresh your system knowledge. Recurring (experienced) system users do not need to attend system training.