Allegheny County Residential Finance Authority

Alleghany County RFA 2011 YY Bond Program

 

 

 

 

 

Lender Portal

Working Group Portal

 

2011 ZZ Bond Program 

PROGRAM FUNDS $11,580,000
ELIGIBLE AREAS Allegheny County
ELIGIBILITY CRITERIA - First-time Homebuyers
- 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
ELIGIBLE LOAN TYPES FHA, VA, USDA-RD
AVAILABLE DOWN PAYMENT ASSISTANCE Contact Allegheny County RFA for additional Information.
INCOME LIMIT AREAS Household income is considered for ALL Borrower(s), spouses and anyone 18 years or older.
-  1-2   $64,000
-  3 +   $73,600
HOME ACQUISITION LIMITS - Non-Targeted = $298,481
- Targeted = $364,810
HOME BUYER EDUCATION Required if borrowers are using the county’s down payment assistance.
FICO SCORE REQUIREMENT Mid Score must be 620 or higher
CO-SIGNERS Permitted for FHA/VA loans.  Cannot be named on the Warranty Deed.
LOAN TIME LINE REQUIREMENTS -  Reservation to UW Cert: 30 days
-  Reservation to Close and Delivery: 60 days
-  Reservation to Loan Purchase: 90 days
LENDER PARTICIPATION View participating lenders here.
FORMS AND DOCUMENTATION View Forms and Documentation.
OTHER For additional information, please See Program Guidelines.

Current Rates

  • 3.50% with Zero Points
  • 3.40 with 1.5% Origination and/or Discount Points
  • Term: 30 Year Amortizing

DPA

Program Updates

- The Allegheny County RFA is pleased to announce that the Series ZZ bond program is available and requires a FICO score of 620.

Lender F.A.Q.
Homebuyer F.A.Q.

 

            

Please check back soon for System Training updates.

 

    

To register for Allegheny County RFA Flex Training, please click here. For additional information on Lender Flex Training, please visit our Flex Training F.A.Q.

Note: Flex Training is available only on Tuesdays between 7 AM – Midnight in all time zones.