HFA of Hillsborough

HFA of Hillsborough – Home Sweet Home Hillsborough 2012 Program 

  • Issued by the Hillsborough HFA
  • Continuously Funded Program
  • Program funds are available first-come, first-served
  • Issued in Commitment Lots as rates change
  • Hillsborough, Clay, Brevard Counties and the City of Jacksonville
  • 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

  • Reservation to Underwriter Certification – 15 days (can’t extend)
  • Reservation to Exceptions Cleared & First Mortgage Loan Purchased – 65 days
  • Any loan not purchased within 65 days is ineligible for purchase unless the lender chooses a one-time only 20-day extension.
    The extension fee will be netted by the Servicer when loans are purchased.
  • Click here to request the extension
  • Freddie Mac HFA Advantage
  • See the Rates Tab for details      
  • Household income is considered for ALL Borrower(s), spouses & anyone 18 years or older. (see guidelines)
  • Home Acquisition Limits are based on location of property. (see guidelines)
  • Required for Borrowers.
  • Mid score must be 640 or higher.
  • maximum 45% DTI Ratio
  • Cosigners are permitted for FHA loans as per FHA Guidelines.
  • Cannot be named on the Warranty Deed.
  • Available online within the loan or under Forms.
  • 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 getting to the Servicer Lender Guides, Click here. To contact US Bank Lender Help Desk, Click here.
Current Rate/Offerings  
Rate/Offerings Min FICO Lock Rate DPA Effective Date
  FHA, USDA-RD, VA 640 3.875%  see below  2/19
  HFA Advantage  640 4.50% see below 12/7


  • Term: 30 Year Amortizing
  • lender profit increased from 2.00% to 2.50%
  • manufactured homes not allowed
  • cash back is not allowed


  • up to –
    • $15,000 – Hillsborough, Jacksonville Counties
    • $10,000 – Brevard, Clay Counties
  • 0.00% second
  • Must be used for down payment and closing costs, Cash Back is not allowed
  • DPA Forms- The Award Letter, second Mortgage & Note are available online (SF Web Management – Forms)
  • EIN provided on the Award Letter

Please note that loans in Hillsborough County must reserve an MCC loan under the Hillsborough MCC Program.


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

             .   Administrator Guidelines (5/22)     Administrator's Guideliens 3/23 6/17 6/30 8/3

  • 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 and Master Servicer on Program Goals.
  • Need help, Click here

Program Sample Forms updated 4/19 


Preclosing (in case needed) – Notices and Recapture – Click Here

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

  1. Academy Mortgage Corporation
  2. American Financial Network, Inc.
  3. American Neighborhood Mortgage Acceptance Company, LLC (Annie-Mac )
  4. Atlantic Coast Bank
  5. Bridgeview Bank Mortgage
  6. CBC National Bank
  7. Centennial Bank
  8. CenterState Bank of Florida, N.A.
  9. Corridor Mortgage Group 
  10. DHI Mortgage Company
  11. Embrace Home Loans
  12. Fairway Independent Mortgage
  13. First Home Bank
  14. GSF Mortgage
  15. HomeBridge Financial Services, Inc. (prev REMN)
  16. Integrity First Financial Group, Inc.
  17. K. Hovanian American Mortgage
  18. loanDepot.com, LLC
  19. Network Funding, LP
  20. NFM, Inc. dba NFM Lending
  21. NVR Mortgage Finance, Inc.
  22. Open Mortgage
  23. Pacific Union Financial
  24. Paramount Residential Mortgage Group (PRMG)
  25. PrimeLending
  26. Shelter Mortgage
  27. Stonegate Mortgage
  28. SWBC Mortgage Corporation
  29. Tidewater Mortgage Services, Inc
  30. Universal American Mortgage Company, LLC Eagle Home Mortgage, LLC.
  31. Wells Fargo Bank

Interested in becoming a participating lender? Contact us.

Program Updates

Check the Blackboard for periodic program updates and notifications.

  • 12/7 – Freddie Mac HFA Advantage joins the program
  • 7/27-updated guidelines, cash back, clay dpa
  • 7/1 – Hillsborough’s DPA will change 15,000
  • 5/11 – revised income & acquisition limits – effective 6/14 – please see guidelines
  • 2/22-Hillsborough Purchase Price limits increased to $225,000
  • 2/22-the timeline is extended to 15 days from Reservation to UW Certification
  • 1/1 – Min FICO is now 640 see guidelines.  Hillsborough County DPA is 8,500 for loans with 640-659 and/or manual underwriting & 10,000 for loans with 660 FICO without manual underwriting.
  • 12/1- MANUFACTURED HOMES are eliminated (eff 12/1 reservations)
    12/1- FHA – no manual underwriting (eff 12/1 reservations)
    12/1- Min FICO is 660 (eff 12/1 reservations)
  • 9/12-Hillsborough County dpa is reduced to 10,000
  • 7/22-updated income & acquisition (purchase) limits
  • 7/1- Effective with new reservations July 1 and after, mortgages and notes will no longer be exempt from doc stamps and intangible tax.    The “exempt” legend has been removed from second mortgages and notes and no longer should be added to first mortgage documents.
  • 6/29 – Documentary stamps and intangible taxes no longer exempt – Effective for loans reserved on or after 7/1
  • 6/20 – Updated income and acquisition limits – Effective for loans reserved after 7/21
  • 3/23-Income limits change only for Hillsborough County
  • 2/24- Hillsborough DPA Checklist & Patriot Act – required for Hillsborough DPA loans
  • 1/24 – income limits increased
  • 1/23/15 – Jacksonville DPA is increased to 10,000
  • 10/14 – Clay up to 10,000
  • 7/1 – Clay DPA 7,500
  • 6/25-updated income & acquisition limits
  • 6/9-Updated guidelines – servicer fee – effective on all loans reserved on/after 6/9
  • 6/9- Clay county DPA is reduced to 5,000 – Effective 7/1 (1,500 borrower contribution)
  • 4/30 – The DPA for loans in Jacksonville is reduced to $7,500
  • 1/6/2014 – New Targeted Areas based on 2010 Census
  • 12/2/13 – $75 second mortgage application fee effective
  • 8/5/13-DPA is increased from 7,500 to 10,000 on New Reservations. Please note – you will not be able to change an existing DPA from 7,500 to 10,000
    • lender profit increase from 2.00% to 2.50%
    • First Mortgage rate is reduce to 4.25%
  • 7/8/13- The Hillsborough MCC Program and the Hillsborough 2012 SF Program are now two seperate programs.
  • 7/8/13- The Hillsborough MCC Program is now offered as a Standalone Program. You will need to reserve the MCC loan.
  • 7/5/13 – First Mortgage Rate 4.50%
  • 7/1/13 – Mortgagee Letter 2013-14
  • 2/25/13 – Updated DPA Funds Request form on-line
    2/25/13 – Updated Administrator Guidelines for Hillsborough County
    2/13/13 – Updated Compliance Checklist and DPA Acknowledgement forms on line!
    2/8/13 – Interest Rate Reduced on 1st Mortgages to 3.25%
    2/8/13 – DPA Increased to $7,500
    2/8/13 – Extension Fee Reduced to $375
    11/1 – The HFA of Hillsborough County has been advised that US Bank is implementing nationwide a Maximum 45% Debt-to-Income Ratio for all Single Family Programs. The maximum 45% DTI Ratio wlll become effective on November 1, 2012

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.