We DeKalb – Program
Note – for details, see the Administrator’s Guidelines under GUIDE & FORMS
|LOAN TIME LINE REQUIREMENTS||DO NOT RESERVE EARLY: Underwriter must Certify the loan on line 15 days after Reservation!
|ELIGIBLE LOAN TYPES||
|AVAILABLE DOWN PAYMENT ASSISTANCE||
|INCOME LIMIT CRITERIA||
|HOME ACQUISITION LIMITS||
|HOME BUYER EDUCATION||
|FICO SCORE & CREDIT REQUIREMENT||
|FORMS AND DOCUMENTATION||
|THE MASTER SERVICER||
Current Rate/Offerings – Reservation/locks – AVAILABLE from 10:00am-8:00pm EDT excluding weekends & holidays
|Rate/Offerings||FICO||Lock Rate||DPA||Effective Date|
|FHA, VA or USDA-RD||660||5.00%||w/5%||11/28|
|FHA w/Manual UW||660||w/4%|
|FHA, VA or USDA-RD||660||4.875%||w/4%||1/17|
|FHA w/Manual UW||660||w/3%|
- Term: 30 Year Fixed Rate
- Assistance is automatically calculated on the Final Loan Amount (Grant)
- Various levels as per above chart.
- Lender up fronts. US Bank will reimburse at purchase
- manufactured homes not allowed
- min FICO 660
* Current rates are available online after you login.
eHousingPlus is the Program Administrator, and provides some of the following services:
| Administrator Guidelines (8/23)
The Following Lenders have been approved to originate loans in this Program:
- Academy Mortgage Corporation
- Alterra Group, LLC.
- Ameris Bank
- American Eagle Mortgage Company
- Atlantic Bay Mortgage Group, LLC
- Bay Equity LLC
- CBC National Bank
- Everett Financial, Inc. dba Supreme Lending
- Evolve Bank & Trust
- Guild Mortgage
- Heritage Bank of the South
- Homestar Financial Corporation
- Home Mortgage Corporation
- Integrity First Financial Group
- LoanDepot.com, LLC dba iMortgage
- Loan Simple, Inc.
- New American Funding (dba of Broker Solutions, Inc.)
- NFM, Inc.
- On Q Financial
- Shelter Mortgage Company
- Southeast Mortgage of Georgia, Inc.
- Wells Fargo Home Mortgage
- WR Starkey Mortgage, LLP
- Universal American Mortgage Company
- US Mortgage Corporation
Interested in becoming a participating lender? Contact us.
Check the Blackboard for periodic program updates and notifications.
- 12/1- MANUFACTURED HOMES are eliminated
- 12/1- All loans, min FICO is 660
- 3/19 – 203(k) streamlined loans (with US Bank approval ) are added to the program. see guidelines.
- 3/18/15 – Income limits have increased – effective 3/18. Please see guidelines.
- 9/8 -Program Training
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*
* 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.