HFA of Pinellas County

HFA of Pinellas County – Home Key Single Family Program 

Note – for details, see the Administrator’s Guidelines under the GUIDELINES Tab

PROGRAM FUNDS
  • TBA, Revolving funds
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 yrs – all borrower(s) & spouses
TIMELINE REQUIREMENTS
  • Reservation/Lock to UW Certify – 20 days
  • Close to Receipt of closed files – 20 days
  • Reservation to Compliance Approval & Purchase – 60 days
EXTENSIONS
  • Any loan not purchased within 60 days is ineligible for purchase unless the lender chooses a one-time only, 30 day extension.
  • Extension Request, Click here
ELIGIBLE LOAN TYPES
  • FHA, VA, USDA-RD
  • Freddie Mac HFA Advantage
AVAILABLE DOWN PAYMENT ASSISTANCE
  • See Rates Tab
INCOME LIMIT CRITERIA 
  • Household income is defined as the income used to credit qualify.  The 1003 Application income is the income used to qualify for the program.
  • All areas:
    • 1-2 person HHLD max = $70,800
    • 3+  person HHLD max = $82,600
HOME ACQUISITION LIMITS
  • All areas – $255,573
HOME BUYER EDUCATION
FICO SCORE / DTI  REQUIREMENT
  • Please see Guidelines
CO-SIGNERS
  • Cosigners are permitted for FHA/VA loans. Cannot be named on the Warranty Deed.
AGENCY WEB
FORMS
  • Available online, under FORMS
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.
LENDER PARTICIPATION
  • If your Company is interested in participating in this program, please Click here

 

 Current Rate/Offerings  
Rate/Offerings FICO Lock Rate DPA Effective Date
 GOVERNMENT
FHA, USDA-RD or VA 660 5.125% 7,500 5/18
 CONVENTIONAL
Freddie Mac HFA Advantage  640 5.375% 7,500 4/26

 

  • 0.50% origination or discount may be charged  
  • Term: 30 Year Amortizing
  • manufactured homes not allowed
  • manual UW not allowed
DPA 
  • Pinellas, Pasco & Polk – $7,500
  • 30 Year, 0% rate
  • Deferred until first Mortgage is paid in full, refinance, sale of home, or ceases to be primary residence
  • DPA is for down payment & closing costs
  • Cash back is not allowed
  • the HFA of Pinellas County will table fund the loan – Form is available online within the loans

 

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

 

        Administrator Guidelines   Administrator Guidelines 5/4 6/13

  • 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.
  • Detailed information is provided in the guidelines, Please do check.   
  • Need help, Click here

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

  • All Western Mortgage Inc.
  • AmeriFirst Financial Corporation
  • Atlantic Bay Mortgage Group, LLC.
  • Atlantic Coast Bank
  • BBMC Mortgage, a Division of Bridgeview Bank Group
  • CBC National Bank
  • Centennial Bank
  • CenterState Bank of Florida, N.A.
  • Christensen Financial, Inc.
  • Columbus Capital Lending
  • DHI Mortgage Company
  • Eagle Home Mortgage, LLC.
  • Embrace Home Loans
  • Envoy Mortgage, Ltd
  • Equity Prime Mortgage, LLC
  • Fairway Independent Mortgage Corporation
  • FBC Mortgage
  • FFC Mortgage Corporation
  • First Equity Mortgage Bankers, Inc. (FEMBI)
  • First Home Bank
  • GSF Mortgage Corporation
  • Guild Mortgage
  • Hamilton Group Funding,  Inc
  • Home Solutions Lenders, Inc.
  • HomeBridge Financial Services Inc.
  • Homeside Financial LLC
  • IBERIABANK Mortgage
  • Integrity First Financial Group, Inc.
  • Intercontinental Capital Group Inc.
  • K. Hovnanian American Mortgage, LLC.
  • Land Home Financial Services, Inc.
  • loanDepot.com, LLC
  • Marketplace Home Mortgage, LLC
  • Movement Mortgage, LLC
  • Nations Lending Corporation
  • Open Mortgage
  • Pacific Union Financial
  • Raymond James Bank
  • SFMC, LP dba Service First Mortgage Company
  • Shelter Mortgage Company, LLC
  • Synovus Mortgage
  • The Mortgage Firm
  • Tidewater Mortgage Services, Inc.
  • US AmeriBank
  • USA Mortgage, a Division of DAS Acquisition Company, LLC
  • Waterstone Mortgage Corporation
  • Wells Fargo Bank, N.A.

 

Program Updates
  • 6/13 – Lender will upfront dpa and reimbursed by US Bank at Purchase
  • 12/15- Pinellas – $15,000  Effective 12/15 $ 7,500

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.