Pinellas First with HHF DPA

HFA of Pinellas County – Pinellas First with HHF DPA – ENDED 4/30/2018  

HHF funds have been exhausted.  You made the program a great success!   

Please ensure your loan does NOT fallout.  You must have the UW Certification done as per your program’s timeline, within 15 days from date reserved, 20 days for loans in Pinellas.  There is no extension.

PROGRAM FUNDS
  • First Mortgage funds are issued by the HFA of Pinellas
ELIGIBLE AREAS
  • Pinellas, Pasco and Polk Counties
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 years – all borrower(s) & spouses
LOAN TIME LINE REQUIREMENTS
  • Reservation to Underwriter Certification – 20 days
  • Close to Receipt of closed files – 20 days
  • Reservation to Exceptions Cleared & First Mortgage Loan Purchased – 60 days
EXTENSION
  • see the guidelines tab
  • Click here to request the extension
ELIGIBLE LOAN TYPES
  • FHA, VA, USDA-RD
AVAILABLE DOWN PAYMENT ASSISTANCE
  • Hardest Hit Funds (HHF) DPA
INCOME LIMITS & CRITERIA
  • see the guidelines tab
HOME ACQUISITION LIMITS
  • see the guidelines tab
HOME BUYER EDUCATION
FICO SCORE REQUIREMENT
  • Mid score must be 660 or higher
  • maximum 45% DTI Ratio
CO-SIGNERS
  • Not permitted
FORMS
  • Available online within the loan or under Forms.
THE MASTER SERVICER
  • Provides information and training concerning the mortgage loan file, acceptable loan products, delivery and funding, reviews/purchases the mortgage file. Servicer Lender Guides, Click here If you need assistance with the Servicer Lender Guides or to contact the US Bank, Click here.