Texas Department of Housing & Community Affairs

 

       TDHCA Programs

 

 

Lender / Program Portal

 

 

for details on all summary items, please see the Administrator’s Guidelines-Guide & Forms Tab
PROGRAM FUNDS
  • Issued in Commitment Lots
  • Program(s) 79
    • Reservation locks are available on business days between 9 am & 7 pm (10-8 EST)  All other system features are available 24/
  • MCC 82
PROGRAMS
  • Program 79 (0% Origination) – NEW 10/14!
  • Program 79 (2% Origination)
  • Program(s) 79 w/MCC as an additional
  • MCC 82
ELIGIBLE AREAS
  • Statewide Texas
LOAN TIME LINE REQUIREMENTS Loan Processing, Delivery and Purchase Timetable. Once a loan is reserved in the eHousingPlus system, the loan must be:

  • Underwriter Certified in eHP system prior to closing – All programs
  • Approved by eHP and Purchased by Servicer within  60 days of loan reservation – Program 79
  • Closed, delivered to eHP and Approved by TDHCA within 90 days of loan reservation – MCC 
ELIGIBLE LOAN TYPES
  • FHA, VA, RHS, HFA Preferred -Program(s) 79 
  • FHA, VA, RHS, Conventional – MCC
DOWN PAYMENT ASSISTANCE
  • Program(s) 79Down payment and Closing Assistance determined by Commitment Lot Notices (See Rates).  DPA is a second lien, 30-year term, and due on sale/transfer.
ELIGIBILITY CRITERIA
  • Program(s) 79
    • All Borrower(s) must qualify (Only Borrowers) First-Time Homebuyers
    • Occupy the Property being purchased as their Principal Residence with 60 days of Closing
    • IRS Tax Transcripts for past 3 yrs.
       
  • MCC , Program(s) 79 w/MCC as additional 
    • All Borrower(s) & Spouse (including NPS) must qualify First-Time Homebuyers
    • Occupy the Property being purchased as their Principal Residence with 60 days of Closing
    • IRS Tax Transcripts for past 3 yrs.
    • Must have SS# or Tin
      (for details, see Administrator’s Guidelines)
INCOME LIMIT CRITERIA
  • Click to view the Program Income Limits
  • Program(s) 79
    • Using 1003 Credit Qualifying income - NEW 10/14! 
  • MCC , Program(s) 79 w/MCC as additional 
    • Household income is considered for All Borrower(s) and Spouse (includes NPS)
ACQUISITION LIMITS 
HOME BUYER EDUCATION
  • Pre-Purchase Homebuyer education course required for all Borrowers.  see guidelines for details
FICO & DTI REQUIREMENT
  • not applicable – MCC
  • Applies to all borrowers – Program(s) 79
    • Government loans -  Minimum FICO 640, Max DTI 45%
    • HFA Preferred loans – Max DTI 45%, Minimum FICO 640 for LTVs 95% or lower, Minimum FICO 680 for LTVs 95.01-97%
    • Max DTI for FICO scores 660 or higher  – see guidelines for details
CO-SIGNERS
  • Co-signers are permitted in accordance with FHA requirements. For details, Click here
REQUEST EXTENSION
  • Program(s) 79 - A 30 day extensions is available, for a fee (0.375% of the final loan amount) and must be requested prior to the 60th day.  See guidelines for details. To request an extension, Click here
THE AGENCY
  • Issues the programs
  • Creates the first mortgage and down payment assistance options
  • Sets the rate, term and points
  • Lender relationships
  • Markets the program
THE LENDER
  • Take applications into Programs
  • Reserve in eHousingPlus system
  • process, underwrite, approve, fund, close and sell qualified loans to the program’s Master Servicer.
  • Check with your company on how to reserve a loan in your own system so that you have funds available for closing.
  • Responsible for servicing first and second program loans in accordance with Agency requirements until they’re purchased by the Master Servicer.
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.
    • Need help
QUESTIONS?
  • Contact eHousingPlus for questions related to the compliance file, income, first-time buyer, Tax requirement, access to the program, training, eHP system, web site, administrator guidelines
  • Contact US Bank for questions related to the mortgage file, escrow, DU findings, insurance, high priced loans, MDIA, Respa, payments
  • Contact TDHCA for MCC
Program 79 Reservation/locks – Available on Business days 9:00am – 7:00pm (10 am – 8 pm EDT)  excluding holidays

Current Rates                                                                            DPA 

Program(s) 79 – Commitment Lot 30  Click to View
      • Program 79 (0% Origination) Government  -  4.750%
      • Program 79 (0% Origination) HFA Preferred – 5.250% 
      • Program 79 (2% Origination) Government  -  4.250%
      • Program 79 (2% Origination) HFA Preferred – 4.875% 
      • $35 million
      • effective 10/27
 Program 79 - 5.00% assistance based on the final loan amount 
 
MCC - current MCC Rate is 40% on all new reservations
  • MCC program determined at reservation - 40% Rate
  • Lot A – Effective 4/11/2014 Click to View 
  • MCC 82 - Lot A – 40% Credit Rate – (4/11) View
  • MCC 81 – Lot C – 40% Credit Rate – (1/2) View, Lot B – 40% Credit Rate – (12/1) View, Lot A – 40% Credit Rate – (7/1) View
  • MCC 80 – Lot C – 40% Credit Rate – (1/2)View  ,Lot A & Lot B – 35% Credit Rate  
  • Lot 27  Click to View, Lot 26  Click to View,  Lot 25  lot 24  Lot 23 Click to View, Lot 22 Click to View , Lot 21 Click to View  ,  Lot 20 Click to View  * June’s Celebration, click to view   , Lot 19 Click to View 
  • Lot 18 – 4.75% (1/15), Lot 17 – 5.00% (12/20), Lot 16 – 4.75% (11/12), Lot 15-4.50% (10/24), Lot 14-4.75% (10/8), Lot 13-5.00% (9/17), Lot 12-5.25% (8/20), Lot 11-5.00% (7/23), Lot 10-5.25% (7/1), Lot 9 – 5.00% (6/24), Lot 8 – 4.50% (5/30), Lot 7 – 4.00% (5/22), Lot 6 – 3.75% (4/16), Lot 5 – 4.00% (4/8), Lot 4 – 4.00% (2/25), Lot 3 – 3.75% (1/11/2013), Lot 2 – 3.250% 12/10, Lot 1 – 3.50% 10/10

 

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

Administrator Guidelines 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 Documents are the same for both the TMP79 & MCC Programs – Note: Program forms are accessed after the loan is reserved/certified in our system. The program forms are auto-generated based on the loan data information provided at reservation, updated and certified.

  •  Notices to Buyers      (Blank form in case needed to disclose prior reserving the loan)
  •  Samples-Program 79 and/or MCC (additional)             Samples-MCC ONLY    

 

The Following Lenders have been approved to originate loans in Program(s):

Both Program 79  & MCC   

ONLY Program 79

ONLY MCC 82

  • Academy Mortgage Corporation
  • American Financial Network, Inc.
  • Annie-Mac Home Mortgage
  • ARK-LA-TEX Financial Services, LLC – dba Benchmark Mortgage
  • Aspire Financial, Inc.
  • Bay Equity LLC
  • Broker Solutions Inc., dba New American Funding
  • Caliber Home Loans, Inc
  • Capstar Lending, LLC
  • Cendera Funding, Inc.
  • Citywide Home Loans
  • Colonial National Mortgage , a Division of Colonial Savings, F.A.
  • Cornerstone Home Lending, Inc.
  • DHI Mortgage Co., Ltd.
  • Envoy Mortgage, Ltd
  • Everett Financial, Inc., dba Supreme Lending
  • Fairway Independent Mortgage Corp
  • First California Mortgage DBA FirstCal
  • First Choice Loan Services, Inc.
  • First Continental Mortgage, LTD.
  • FNBT dba First Community Mortgage
  • Gateway Mortgage Group, LLC
  • Georgetown Mortgage, LLC
  • Guild Mortgage Company
  • Hamilton Group Funding,  Inc
  • Hancock Mortgage
  • Highlands Residential Mortgage
  • HomeBridge Financial Services, Inc (prev REMN)
  • Home Community Mortgage LLC
  • Hometrust Mortgage Company
  • Houstonian Mortgage Group, Inc.
  • InterLinc Mortgage Services, LLC
  • International City Mortgage, Inc.
  • K. Hovnanian American Mortgage, LLC.
  • LoanDepot LLC dba iMortgage
  • Loan Simple Inc.
  • LeaderOne Financial Corp.
  • MI Financial Corporation
  • Mission Mortgage of Texas, Inc.
  • Nations Reliable Lending
  • Nationstar Mortgage, LLC
  • Network Funding, L.P.
  • New Penn Financial, LLC
  • Oak Mortgage Group
  • Paramount Residential Mortgage Group (PRMG)
  • Premier Nationwide Lending (NTFN, Inc.)
  • Primary Residential Mortgage
  • PrimeLending
  • Pulte Mortgage LLC
  • Republic State Mortgage Company
  • Security National Mortgage Company
  • Sente Mortgage
  • SFMC, LP dba Service First Mortgage Co
  • Texas Bank Financial dba Texas Bank Mortgage Co.
  • The Home Lending Group
  • The Lending Partners, LLC
  • TXL Mortgage Corporation
  • Universal American Mortgage Company
  • Venta Financial Group Inc dba Alterra Mortgage
  • Wells Fargo Home Mortgage
  • Willow Bend Mortgage
  • WR Starkey Mortgage, LLP
  • Affiliated Bank
  • Amegy Bank
  • American Midwest Bank
  • BancorpSouth Bank
  • Castle & Cooke Mortgage, LLC.
  • Churchill Mortgage Corporation
  • Diamond Residential Mortgage Corp.
  • Fidelity Homestead Savings Bank
  • First Community Bank
  • First National Bank – El Paso
  • GenEquity Mortgage, Inc.
  • Global Advisory Group, Inc. dba Mortgage Advisory Group
  • GSF Mortgage Corporation
  • Hancock Mortgage Partners
  • Happy State Bank
  • Northstar Bank of Texas
  • PrimeWest Mortgage Corp.
  • Rocky Mountain Mortgage Company
  • Stearns Lending
  • SWBC Mortgage Corporation
  • Texas Loan Star Bank
  • US Bank Home Mortgage
  • Whitney Bank
  • Wintrust Mortgage
  • W.J. Bradley Mortgage Capital
  • Affiliated Mortgage Company
  • Amarillo National Bank
  • AMCAP Mortgage LLC dba Gold Financial Services
  • American Southwest Mortgage
  • Americas Choice Home Loans
  • AmeriPro Funding, Inc.
  • Bank of America
  • Bank of Oklahoma dba Bank of Texas
  • City Bank Mortgage
  • Counselors Mortgage Corp
  • Elite Financing Group, LLC.
  • First National Bank of Trenton
  • Gardner Financial Services dba Legacy Mutual Mortgage
  • Great Plains National Bank
  • Homeway Mortgage
  • Homewood Mortgage, LLC
  • IberiaBank Mortgage Company
  • IHS Mortgage, LLC
  • JP Morgan Chase
  • Liberty Bank and Trust Co.
  • Liberty Mortgage (Wendeburg Interests)
  • Mortgage Pros, Inc
  • Mid America Mortgage, Inc.
  • Patriot Bank Mortgage, Inc.
  • PNC Mortgage
  • RANLife,Inc.
  • Residential Bancorp
  • Security American Mortgage
  • Southwest Funding, LP
  • Standard Pacific Mortgage, Inc.
  • Success Mortgage Partners, Inc. (SMP Mortgage, Inc.)
  • Top One Mortgage LLC
  • Town Square Mortgage & Investments, Inc. dba Town Square Financial
  • Victorian Finance, LLC
  • Weststar Mortgage Corporation
  • Whitney Bank

 

Interested in becoming a participating lender?  Contact us.

Program Updates
  • 10/14 – Additional Options for TDHCA Homebuyers  - we are pleased to announce a new option for first time homebuyers. TDHCA will offer a 0% origination point program for first time homebuyers as well as its existing 2% origination point option while maintaining the availability of 5 points of down payment and closing cost assistance for either option.   Read more
  • 10/14 – In determining family income for the TMP-79 mortgage loan program only, the Fannie Mae 1003 income of all borrowers expected to both live in the residence and be liable on the security instrument must be taken into account. For loans receiving MCC’s, non-purchasing spouse income must be included.Non-purchasing spouses -
  • 10/14 – For TMP-79 Loans only, non-purchasing spouses are not required to be included in the family income calculation. For loans involving MCC’s, the income of non-purchasing spouses must be included in the family income calculation.
  • 6/9-In prior email correspondence dated 5/12/14, the Texas Department of Housing and Community Affairs (TDHCA) agreed to cover the additional Funding Fee increase being passed along by our Servicer – US Bank, contingent upon TDHCA Governing Board approval.  We are happy to announce that the Board met yesterday at its regularly scheduled monthly meeting and agreed to cover the additional fee on all TMP-79 loan reservations made on or after June 9, 2014.  As a result of this action, the Funding Fee will remain at $150.
  • 6/2-As part of June’s celebration of Homeownership Month, the Texas Department of Housing and Community Affairs (TDHCA) is pleased to announce that it will be waiving the Compliance File Review Fees on all TMP-79 and TMP-79/MCC Combos.  The waiver will be effective on reservations made on or after Monday June 2nd and throughout the remainder of the month.  We are pleased to make this offer to further assist homebuyers in their efforts to attain the dream of homeownership.  Click to view
  • 5/14 – clarification on FICO & DTI Requirements (please see guidelines)
    FNMA HFA Preferred Loans:
    Minimum 640 for LTVs 95% or lower;
    Minimum 680 for LTVs 95.01-97%
    Max DTI – 45% (applies to HFA Preferred only)
    Government Loans (FHA, VA, USDA):
    Minimum 640;
    Max DTI – 45% (effective on loan reservations beginning June 2, 2014)
    Max DTI for FICO score of 660 or greater – 50% (applies to FHA, VA, USDA only; effective on loan reservations beg 6/2/2014 )
  • 5/14 – HFA Preferred is launched
  • 5/13 – HFA Preferred Training
  • 4/14- MCC 82 is Launched
  • 1/13 – New Income Limits. See Administrator Guidelines
  • 1/10 – New Targeted areas.  See Administrator Guidelines
  • 1/2/2014- MCC 81 Lot C issued.  Issuance Fee is 1% of the final loan amount.  See rates for detains on the posted Lot C notice
  • 11/21- TDHCA – Celebrate The Season ……  In an effort to further assist borrower’s wishing to purchase their first home, the Texas Department of Housing & Community Affairs (“TDHCA”) is pleased to offer a reduced MCC Stand-Alone Issuance fee for any MCC’s reserved during the month of December.  The fee will temporarily be reduced from its current 1% of the Mortgage Loan amount to $500!
  • A special thanks to all of our participating lender partners on another successful year.  Happy Holidays from all the homeownership staff at TDHCA!
  • 7/1/2013 – TDHCA will no longer fund the DPA.  Lenders upfront & will be reimbursed bu US Bank when the loan is purchased.  This is how it used to be prior to HUD’s mandate in 2/2013 where TDHCA funded the DPA.
  • 7/1/2013 – Mortgagee Letter 2013-14
  • 7/1/2013 – TDHCA MCC Programs are available online.  Please make sure you do NOT have an MCC with TDHCA prior to reserving an MCC to your TMP79 loan.
  • 6/24 – TDHCA lender training Monday (6/24) and Tuesday(6/25)
  • Effective 2/25/2013 – NEW Extension Fees have been set for Lot 4.  There is only a 30 day extension option at a fee of .375% of loan amount.
  • Effective 1/25/2013 – NEW DPA FUNDING GUIDELINES: Please review memo and New Funds Request Form.
  • Effective 12/10/2012 the First Mortgage Rate is reduced to 3.25%. All loans must be delivered within 60 days of the Reservation Date. Upon purchase of the Mortgage Loan by the Servicer, the Lender will receive a Servicing Release Premium in the amount of 0.75% of the purchased principal amount of the Mortgage Loan provided that the Servicing Release Premium will be no less than $750.  Extension request below lenders
  • TDHCA Program 79 – Started Oct 10, 2012 – If you missed the TDHCA 79 webinar on 10/6, there are changes to this program.  Please take the time to read the guidelines posted on the Summary Tab or attend the online program training posted on the Training Tab.   Should you have any questions, please contact Sue@ehousing.cc or Jennifer@ehousing.cc .

 

________

Click here to request an extension. ** Request MUST be submitted before the 60th day.  This request is only for loans that closed and have been received both by eHousingPlus and US Bank. For more details, please reference the guidelines.

______

 

 

 

[tab title="Program FAQs"]

F.A.Q.
What is the First Time Homebuyer Program?
The First Time Homebuyer Program is a program offered by the state of Texas to help Texans buy their first home. The program provides low-interest rate home loans for eligible families and individuals through the sale of tax-exempt mortgage revenue bonds.
Who is eligible for the program?
Homebuyers who have not owned and occupied within the past three years, who meet program income guidelines and do not exceed the program purchase price limits are eligible to apply for a loan under this program.
What type of home can I buy?
Any new or existing home in the state of Texas that does not exceed the maximum purchase price limits of the program. Manufactured homes are allowable if the home is permanently affixed to a foundation and meet FHA guidelines. All homes purchased under this program must meet certain quality standards.
Are Conventional Loans allowed in this program?
No, All Conventional loans were Suspended on 1/9/2012 (Fannie Mae, Freddie Mac) Click here for details.
Are funds available for downpayment and closing cost assistance?
Program 79 provides an Assisted Rate Option, which gives a borrower 5% of the Loan Amount for Down payment and Closing Cost Assistance. The system will automatically calculate this amount when the ‘Assisted Rate’ option is selected. The Lender has to request the DPA Funds Prior to Closing so that the funds can be wired directly to the Title COmpany/Closing Agent.  Please read the NEW Guidelines related to DPA Funding.
What is recapture tax?
Homebuyers that receive a loan through the First Time Homebuyer Program may be subject to a Federal Recapture Tax. If you: (1) sell your home within nine years; (2) earn significantly more income than when you bought the home; and (3) gain or profit from the sale of the home, you may be subject to recapture tax.
What is a Qualified Veteran’s Exemption?
A service man or woman is considered a first time homebuyer if he/she does not meet the 3- year criteria and has not previously received financing as a first-time homebuyer. The serviceman/ servicewoman may have owned a previous property; however, the property may not have been financed through a first-time homebuyer financing program.
Can a Duplex be financed under the program?
Yes, a duplex may be financed under the program. To qualify as an eligible purchase, one unit of the duplex must be occupied by the Eligible Borrower as his or her Principal Residence.
Does the homebuyer have to repay the Down payment Assistance?
Yes, the DPA must be repaid. All DPA loans will have a stated term of (30) thirty years from the date of settlement of the DPA Loan. The Mortgagor (or “Eligible Borrower”) who finances a Residence with a Mortgage Loan and a DPA Loan will be required to repay the loan prior to the stated term of thirty years from date of settlement if the Mortgagor sells, refinances, transfers, or otherwise disposes of or ceases to occupy the Residence within the thirty ( 30) year term of the DPA Loan.
Does the first time homebuyer requirement apply to homes owned within the United States only or for foreign owned homes too?
The first-time homebuyer requirements is for ANY homeownership, regardless of location, within the past three years.

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EhousingPlus University

eHP Lender Program Training- Required for everyone participating in the program and is offered 24/7.

eHP System Training*- After you complete the online Lender Program Training, information is provided as to what happens next. To register for eHP System training, Click here. Please make sure you sign up for system training; do not wait until the last minute and put your loan closing at risk.

Should you have any questions on either training, please contact jennifer@ehousing.cc or services@ehousingplus.com

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.