Manatee Grant

HFA of Manatee County –  Grant Program

The Manatee Programs will NOT be open for reservations on Thursday or Friday.  Happy Thanksgiving.

HFAofManatee

                  Lender/Program Portal

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

PROGRAM FUNDS
  • Program funds are available first-come, first-served from a continuously funded revolving pool.
  • Reservations are OPEN M-F, between 10am – 8pm EST excluding Holidays; All other system functions are available 24/7
ELIGIBLE AREAS
  • Manatee County, Florida
ELIGIBILITY CRITERIA
  • Non First-Time Homebuyers
  • Must be able to permanently reside in the U.S.
  • Principal residence
  • Borrower(s) must occupy property within 60 days of closing
LOAN TIME LINE REQUIREMENTS Please DO NOT Reserve early.  Should be qualified prior to reservation.

  • Reservation to Underwriter Certification – 15 days (can’t extend, must certify or cancelled
  • Reservation to Closed & Delivered First Mortgage Loan – 45 days (can’t extend)
  • Reservation to Exceptions Cleared & First Mortgage Loan Purchased – 70 days
ELIGIBLE LOAN TYPES 
  • FHA, VA, USDA-RD, Freddie Mac HFA Advantage
DOWN PAYMENT ASSISTANCE
  • see the Rates Tab
INCOME LIMIT CRITERIA
  • Household income = 1003 Credit Qualifying Income (do not include co-signor’s income)  See Guidelines.
    • $75,325
HOME ACQUISITION LIMITS
  • $323,529
FICO SCORE & DTI REQUIREMENT 
  • See Guidelines.
CO-SIGNERS 
  • See Guidelines.
LENDER PARTICIPATION 
  • For information on how your company can participate in this program, Click here
FORMS 
  • Program Forms are available on-line and automated. After you login to Lender Portal, click on FORMS
EXTENSIONS
  • To request a one-time 30-day extension, click here.   Extensions are not granted to extend the 15 days from Reservation to UW Certification
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 Lender Help Desk, Click here.

Current Rate/Offerings – Reservation/locks are AVAILABLE from 10:00am-8:00pm EDT (excluding weekends & holidays)

Rate/Offerings FICO Lock Rate DPA Effective Date
       GOVERNMENT
USDA-RD or VA 640 5.375% w/5% 11/22
FHA  660 w/5%
FHA 640-659 w/4%
       CONVENTIONAL – FREDDIE MAC
HFA Advantage 640 5.625% w/5% 11/20

 

DPA

  • Assistancebased on the final loan amount (note)
  • non repayable Grant
  • to be used for Down Payment and/or Closing Costs Assistance.  Cash back is not allowed (principal reduction)
  • Lender funds at closing & US Bank nets at purchase

 

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

    . Administrator Guidelines –  Grant Program  (7/24)    Administrator's Guidelines 4/27          MCC Program  (6/30)    Administrator's Guidelines 4/27     

  • 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 Updates
  • 7/24 Program starts