Kansas Housing Assistance Program

Kansas Housing Assistance Program – Sedgwick-Shawnee SF Program

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

PROGRAM FUNDS
  • Revolving Funding
RESERVATIONS / LOCKS
  • Reservation/Locks – AVAILABLE* from 9:00am-4:00pm Central (10-5 EDT)
  • * Market Business days (excluding weekends & holidays)
  • Other system functions are available 24/7
LOAN TIME LINE REQUIREMENTS DO NOT RESERVE EARLY: Must Underwrite Certify by the 15th day

  • Reservation to UW Cert: 25 calendar days
  • Reservation to Loan Purchase: 70 calendar days
    * Please refer to the Interest Rate Notices for further details
ELIGIBLE AREAS
  • See Administrator’s Guidelines
ELIGIBILITY CRITERIA
  • first-time homebuyer requirement for borrower(s)
ELIGIBLE LOAN TYPES
  • FHA, VA, USDA-RD[RHS]
  • Freddie Mac HFA Advantage  
AVAILABLE DOWN PAYMENT ASSISTANCE
  • Assistance is based on the final loan amount
  • see Rates Tab for details
INCOME LIMIT CRITERIA 
  • Household Income Limits – Include income of borrower(s)
  • click to view
HOME ACQUISITION LIMITS 
HOME BUYER EDUCATION
  • Not required
FICO SCORE & CREDIT REQUIREMENT
  • Mid FICO score must be 640 or higher
  • Maximum DTI (debt-to-income) Ratio is 45%
CO-SIGNERS
  • Not permitted
LENDER PARTICIPATION
  • Approval by the Agency & US Bank, see Participating Lenders Tab
  • Anyone involved in the program must attend Lender Training, see Training Tab
EXTENSIONS
  • Any loan not purchased within 70 days is ineligible for purchase unless the lender chooses a one-time only 30-day extension. You MUST request the extension prior to the 70th day.
  • To request an extension, click here.
    • Extensions are not granted to extend the 15 days from Reservation to UW Certification requirement! Loans not meeting this requirement will be cancelled.
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.

Current Rate/Offerings – Reservation/locks – AVAILABLE from 9:00am-4:00pm Central (10-5 EDT excluding weekends & holidays)

Rate/Offerings FICO Lock Rate DPA Effective Date
GOVERNMENT
FHA 660 5.00% w/5% 4/11
FHA 660 4.50% w/4% 9/22
  
USDA-RD or VA 640 3.75% w/2% 9/26
CONVENTIONAL – FREDDIE MAC
 HFA Advantage  640   5.125% w/5% 9/25
4.875% w/4% 9/11
4.00% w/o 9/18

 

  • 30 Year, Fixed Rate, Amortized
  • All Loans are Assisted Rate Loans
  • The Assistance Grant is determined by above Options & First Mortgage Rate
  • Assistance is based of the Final First Mortgage Loan Amount

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

Administrator Guidelines (5/22)     Administrator's Guidelines 6/2 7/24

  • 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

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

  • American Southwest Mortgage Funding Corp.
  • ARK-LA-TEX Financial Services, LLC DBA Benchmark Mortgage
  • BMO Harris Bank
  • BNC National Bank
  • Broker Solutions Inc. dba New American Funding
  • Busey Bank
  • Catalyst Lending Inc
  • Churchill Mortgage Corporation
  • Community Mortgage, LLC
  • Cornerstone Home Lending, Inc.
  • Envoy Mortgage
  • Everett Financial, Inc. , dba Supreme Lending
  • Evolve Bank & Trust
  • Fairway Independent Mortgage Corp
  • Fidelity Bank dba Fidelity Bank Mortgage
  • First Federal Bank, FSB
  • First Mortgage Solutions, LLC
  • First National Bank of Syracuse
  • First State Bank Mortgage of St Charles
  • Gateway Mortgage Group LLC
  • Home Bank & Trust Company
  • HomeBridge Financial Services, Inc.
  • HomeServices Lending, LLC.
  • Inland Home Mortgage Company,LLC.
  • InterLinc Mortgage Services
  • Landmark National Bank
  • LeaderOne Financial Corporation
  • Legacy Bank
  • MegaStar Financial
  • Midwest Equity Mortgage, LLC
  • North American Savings Bank FBS
  • Open Mortgage, LLC
  • Origin Bank
  • Peoples Bank (Kansas)
  • Peoples Home Equity
  • Primary Residential Mortgage Inc
  • PrimeLending a Plains Capital Company
  • PrimeSource Mortgage Inc.
  • Pulaski Bank
  • Regent Financial Group
  • Sierra Pacific Mortgage Company, Inc
  • Simmons First National Bank
  • Stonegate Mortgage Corporation
  • Union Home Mortgage
  • US Bank Home Mortgage
  • US Mortgage Corporation
  • Verus Bank
  • Wells Fargo Home Mortgage
  • Western State Bank

Interested in becoming a participating lender? Contact us.

Program Updates
  • 4/14 revised income limits
  • 3/15- Added 1.50% Origination Fee.  Revised Rate/Offerings Chart (Removed Freddie Mac 3% option, Removed FHA 2% option. Added FHA 5% option, Added Freddie Mac No Assistance, 4% and 5% options) .  Removed reference to spouse in Eligible Borrowers.  Updated Freddie Mac Credit Smart homebuyer education link.  Revised household income calculation.  Revised Reservation to Underwriter Certification Timeline to 25 days
  • 12/8 – unincorporated areas in Jackson County join the program
  • 9/1- Updated rate/offerings to exclude FHA FICO below 660 and manual UW
  • 5/24 – City of Holton has joined the program.
  • 3/28-updated Income limits
  • 12/1- MANUFACTURED HOMES are eliminated
  • 7/23 – HFA Advantage Program Starts
  • 5/29-revised acquisition limits – effective 5/22
  • 4/6/15- revised 2015 income limits, effective 3/6.
  • 1/26/15- added City of Hoyt in Jackson County
  • 9/2- added Wakarusa in Shawnee County
  • 6/16- The Assistance for Government loans changes from 3% to 2%
  • 6/9-Updated guidelines – servicer fee
  • 5/6-revised purchase price limts
  • 1/29-Program Starts
  • 1/24- PROGRAM TRAINING

http://ehousingpl.us/sedgwickhawnee

 

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.