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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
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
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