Resources Group: FLORIDA

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Escambia County HFA

Program Funds:

TBA

Loan Time Line Requirements:

Please DO NOT Reserve early. Should be qualified prior to reservation. Reservation to Underwriter Certification – 20 days (can’t extend) Reservation to Closed & Delivered First Mortgage Loan – 40 days (can’t extend) Reservation to Exceptions Cleared & First Mortgage Loan Purchased – 60 days

Down Payment Assistance:

3%, 4%, 5% Assisted rate (10 year forgivable) - Assistance is based on the final loan amount and automatically calculated Second Mtg 7,500 (30 year deferred) See Rate Tab for details

Eligible Areas:

Alachua, Bay, Bradford, Escambia, Franklin, Gadsden, Gulf, Hernando, Indian River, Jackson, Jefferson, Leon, Madison, Marion, Martin, Okaloosa, Santa Rosa, St. Lucie, Taylor, Wakulla and Walton counties.

Income Limit Criteria:

Household income is considered for ALL Borrower(s) , spouses and anyone 18 years or older Income Limits are by county & household size. see guidelines

Home Acquisition and Income Limits:

Home Acquisition (purchase price) limits are by county. see guidelines

Home Buyer Education:

see guidelines

FICO/DTI Requirement:

see guidelines

Co-signers:

see guidelines

Program Fees:

see guidelines

Agency Web:

ESCAMBIA COUNTY HFA https://www.escambiahfa.com/

Forms and Documentation:

Program Forms are available on-line and automated. After you login to Lender Portal, click on FORMS

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: https://www.usbank.com/corporate-and-commercial-banking/industry-expertise/correspondent-lending.html If you need assistance with the Servicer Lender Guides or to contact the US Bank Lender Help Desk: hfacustomercare@usbank.com

Lender Participation:

Lenders are approved by both US Bank and ECHFA. Once your Company is approved, your Company name will be listed in the Approved Lender TAB and given access to the Program. Everyone associated with the program must attend Program and System Training. For information on how your company can participate in this program: fran.jones@escambiahfa.com DOWNLOAD BROCHURE: https://www.ehousingplus.com/wp-content/uploads/Lender-Invitation-and-Parameters-with-attachments-Revised-Final-2-27-13.pdf

Group:

FLORIDA, TBA

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HFA of Pinellas County

Program Title:

Home Key Single Family Program

Program Funds:

2020A Bond Program - Final Purchase Date 5/1/2022

Loan Time Line Requirements:

Reservation/Lock to UW Certify – 20 days Close to Receipt of closed files – 20 days Reservation to Compliance Approval & Purchase – 60 days

Eligible Areas:

Pinellas, Pasco and Polk Counties

Eligibility Criteria:

First-time Homebuyers – All 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 Freddie Mac 80% AMI

Income Limit Criteria:

Household income is All income of the household (18 years or older) Government Loans: Pinellas & Pasco 1-2 person HHLD max = $73,800 3+ person HHLD max = $84,870 Polk 1-2 person HHLD max = $70,029 3+ person HHLD max = $81,683 Freddie Mac 80% AMI Loans: Pinellas & Pasco $55,360 Polk= $47,040

Home Acquisition and Income Limits:

All areas – $311,979

Home Buyer Education:

Required for ALL named on the Warranty Deed. Must be HUD approved HUD’s HOMEBUYER EDUCATION PROVIDERS. Agency approved HOMEBUYER EDUCATION PROVIDERS.

FICO/DTI Requirement:

660 & 45% DTI. Please see Guidelines

Co-signers:

Cosigners are permitted for FHA/VA loans. Cannot be named on the Warranty Deed.

Agency Web:

HFA OF PINELLAS COUNTY http://www.pinellascounty.org/hfa/default.htm

Forms and Documentation:

Program Required Forms are available online, under the “PROGRAM FORMS” Tab.

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: https://www.usbank.com/corporate-and-commercial-banking/industry-expertise/correspondent-lending.html If you need assistance with the Servicer Lender Guides or to contact the US Bank: hfacustomercare@usbank.com

Lender Participation:

If your Company is interested in participating in this program, contact: klemberg@pinellashfa.com

Group:

DPA, FLORIDA

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Jacksonville HFA

Program Funds:

14.7 Million

Loan Time Line Requirements:

Reservation to UW Cert: 10 days Reservation to Close, Delivery, Cleared of all exceptions and Purchased: 65 days

Eligible Areas:

Jacksonville

Eligibility Criteria:

First-time Homebuyers – All 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

Income Limit Criteria:

Household income is considered for ALL Borrower(s) , spouses and anyone 18 years or older. See the guidelines

Home Acquisition and Income Limits:

Home Acquisition Limits. see the guidelines

Co-signers:

see the guidelines

Forms and Documentation:

Available online. eHP SF Web Management, under Forms.

Group:

FLORIDA, MCC

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