HomeAtlanta IMAP

HomeAtlanta 4.0 Program with IMAP  

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HomeAtlanta 4.0 with Intown Mortgage Assistance Program (IMAP)   

 

Lender/Program Portal       

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

PROGRAM FUNDS Continuous Funding
LOAN TIME LINE REQUIREMENTS DO NOT RESERVE EARLY: Underwriter must Certify the loan on line 15 days after Reservation!

  • Reservation to UW Cert: 15 days
  • Reservation to Close and Delivery: 45 days
  • Reservation to Loan Purchase: 70 days

(Loan Timelines must be met: See below for Extension Options)

ELIGIBLE AREAS
ELIGIBILITY CRITERIA
  • NO First-time Homebuyer Requirement
  • Borrower(s) & Spouse(s) must occupy the property as their Primary Residence
  • Borrower(s) and Spouse(s) must be able to permanently reside in the U.S.
ELIGIBLE LOAN TYPES
  • Government – FHA, VA
  • Conventional – Fannie Mae HFA Preferred (FNMA)
AVAILABLE DOWN PAYMENT ASSISTANCE 
  • IMAP Down Payment
  • 0%, second mortgage
  • $10,000 with a 10 year affordability period
  • Cash back is not allowed
  • DPA forms & request
INCOME LIMIT CRITERIA NEW 6/6
  • Must Use Income Calculation Worksheet;
    • Income limits defined at household level
    • 1 person ) $68,350  2 persons ) $69,700    3+ persons ) $80,150
HOME ACQUISITION LIMITS
  • 342,700
HOME BUYER EDUCATION
  • Required, see eligible providers
FICO SCORE & CREDIT REQUIREMENT
  • Mid FICO score – see guidelines
  • Max 45 debt-to-income (DTI) ratio
  • no manual UW
CO-SIGNERS
  • Not permitted
LENDER PARTICIPATION
  • Approval by Agency & UB Bank
FORMS AND DOCUMENTATION
  • Program forms are at the loan level. Log into eHP system and within the loan click on FORMS OR from the Menu, select FORMS
PROGRAM FEES
  • First Mortgage Fees, Lender Net, Loan Purchase Price are detailed in the Administrator’s Guidelines
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 getting to the Servicer Lender Guides, Click here. To contact US Bank Lender Help Desk, Click here.

 

Current Rate/Offerings – Reservation/locks – AVAILABLE from 10 am -8 pm EDT excluding weekends & holidays 

Rate/Offerings FICO Lock Rate DPA Effective Date
GOVERNMENT
USDA-RD or VA 640 3.875% IMAP 5/22
FHA 660
CONVENTIONAL – FANNIE MAE
HFA Preferred 640 4.250% IMAP 5/22
  • Term: 30 Year Fixed Rate
  • manufactured homes not allowed
  • manual UW not allowed
  • FHA min FICO 660
  • min borrower contribution 1,500 (own funds)

IMAP DPA

 

 

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

Administrator Guidelines    (6/6) Administrator's Guidelines

  • 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 form

IMAP DPA Forms and Funds Request

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

  • Academy Mortgage
  • Ameris Bank
  • American Eagle Mortgage Co
  • Angel Oak Funding
  • BankSouth Mortgage Company, LLC. (LoanSouth)
  • Brand Mortgage
  • CalCon Mutual Mortgage
  • Community & Southern Bank
  • DHI Mortgage
  • Diamond Residential
  • First Citizens Bank and Trust
  • First Community Mortgage
  • NFM, INC.
  • Pacific Union Financial
  • Prime Lending
  • Silverton Mortgage
  • Southeast Mortgage
  • Stonegate Mortgage Corporation
  • WR Starkey Mortgage, LLP

Interested in becoming a participating lender? Contact us.

Program Updates

Check the Blackboard for periodic program updates and notifications.

  • 6/6/17 – Increased income limits
  • 6/6 – Property qualification link
  • 6/2- Webinar – HomeAtlanta 4.0 with Intown Mortgage Assistance Program (IMAP) 

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 jennifer@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.