Program Page: Layout/Mobile Update (Arizona Sample1)

Lender/Program Portal 

Note-Program details are available in the Administrator’s Guidelines, click on the Guide & Forms Tab

• Continuous Funding

• Reservation/Locks- OPEN 7:00AM – 5:00 PM MST (10-8 EDT) 
• eHP System available 24/7

• Conventional Mortgages- State of Arizona excluding Pima county
• Government Mortgages – State of Arizona excluding Maricopa & Pima counties

• Current Timeline – Effective 8/17 
  • Reservation to UW Certification: 15 days
  • Reservation to Close: 45 days
  • Reservation to Loan Purchase: 60 days
• Previous Timeline – Loans reserved prior to 8/17
  • Reservation to UW Certification: 15 days
  • Reservation to Close: 45 days
  • Reservation to Loan Purchase: 70 days

• Current – Effective 8/17
  • two options are available, a 15 day or 30 day extension.
  • To request an extension, click here
• Previous – Loans reserved prior to 8/17
  • one option is available, a 30-day extension
  • To request an extension, click here

• Conventional – Fannie Mae HFA Preferred, Freddie Mac HFA Advantage
• Government – FHA, VA, USDA-RD

• There is no first-time homebuyer requirement in this program
• Primary Residence, must occupy the property within 60 days of closing

• Non repayable grant
• Multiple DPA options – see Rates Tab for details
• Qualified U.S. Military Personnel may receive any additional 1% DPA on any mortgage type
• DPA is table-funded by AzHFA at the mortgage closing

• $89,088 – all borrower(s)
• Borrower(s) income= Household income = 1003 Credit Qualifying Income (not co-signor’s)

• $356,352

• Required for borrower(s) prior to closing
  • Through HUD approved housing counseling agency.  view
  • Other options include online, over-the-phone and in person.  (see guidelines)
• not required for co-signors

• Max DTI 45%
  • Conventional Mortgages –
    • FICO 640 – LTVs 95% or less
    • FICO 680 – LTVs 95.01-97%
  • Government Mortgages –
    • FICO 660
    • FHA – no manual UW
• no manufactured housing

• All forms and guidelines are located within the system (once logged in to eHP system)
• for Sample forms and Guidelines – see Guide & Forms Tab

• System generated, actual closing date must match closing date in system
• DPA Funds are requested prior to closing

• eHousingPlus
• Program Guidelines, see Guide & Forms Tab
• If you need assistance, click here

• US Bank
• 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.

• 30 Year, Fixed Rate, Amortized
• manufactured homes not allowed (eff 12/1 reservations)
• manual UW not allowed (eff 12/1 reservations)
• FHA min FICO 660 (eff 12/1 reservations)

• Non repayable grant
• Multiple DPA options – as per rate/offerings
• Additional 1% DPA on any mortgage type for Qualified U.S. Military Personnel
• DPA is table-funded by AzHFA at the mortgage closing.  The funds request form is available in eHP.

• 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                                           HOME Plus Flyer     

• Program now has multiple offerings.  When you reserve, you will need to select either GOVERNMENT or HFA Preferred.

1. Required for everyone participating in the program
2. offered 24/7
3. Click here to attend Program training

1. After you complete the online Lender Program Training, information is provided as to what happens next.
2. Visit our systems training page  to register for eHP System Training

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.