The Below Applies to ALL FHFC Programs & Options
PROGRAMS
  • Bond Loan Programs – Government and Fannie Mae HFA Preferred
  • TBA Loan Programs
    • FL First – Conventional 
    • FL Plus – Conventional 
    • Hometown Heroes – Government and Conventional
ELIGIBLE AREAS
  • State wide
TIMELINE
  • Must Qualify Borrower prior to reserving the loan.
  • Loan MUST be UW Certified prior to closing
  • 45 calendar days = Reservation to UW Certification online
  • Total Timeline is 60 calendar days
ELIGIBLE LOAN TYPES
  • FHA, VA, USDA-RD
  • It is the Lender’s responsibility to use DU/LP findings to reserve as either an 80% AMI (and below) or OVER 80% AMI.  The 80% AMI limits are Fannie/Freddie overlays.  These are not the program limits.
    • Freddie Mac HFA Advantage
      • Freddie Mac 80% AMI
      • Freddie Mac OVER 80% AMI  
    • Fannie Mae HFA Preferred 
      • Fannie Mae 80% AMI
      • Fannie Mae OVER 80% AMI
        • Standard MI coverage applies for 80% or higher AMI
HOME BUYER EDUCATION
  • Required
FICO SCORE / DTI  REQUIREMENT
  • See Guidelines
INCOME
  • BOND = IRS rules, considers spouse, qualifying income = all income of the household
  • TBA = non-Bond. No IRS rules as above.  Qualifying income = 1003 credit or DU/LP income.
  • Fannie Mae/Freddie Mac 80% AMI limits are overlays to program limits
    Lenders must rely on DU/LP messaging to determine if 80% AMI (and below)
    2022 LIMITS – 80% AMI LIMITS CHART (6/24/22)
CO-SIGNERS
  • See Guidelines
PROGRAM FORMS
  • Available online, within the loan or under FORMS
AGENCY WEB
LENDER PARTICIPATION
MASTER SERVICERS
  • Provides information and training concerning the mortgage loan file, acceptable loan products, delivery and funding, reviews/purchases the mortgage file.  To contact the Servicers, see the CONTACT US tab.
  • US BANK  – all loans reserved prior to 10/1/2022
  • Lakeview  – all loans reserved after 10/1/2022

Current Rates – Reservation/locks are available on Business days between 10am-8pm.  Please look carefully at the below options & make sure you make the correct selection when reserving.  

Offerings for 2/3/2023  10am – 8pm AMI DPA Lock Rate
HOMETOWN HEROES TBA     –     $47 of the $100 million in HTH DPA is available
FHA, USDA, VA (*) 5% (max $25k)
5.750%
Fannie Mae  (HFA Preferred) 80% & below 6.000%
Freddie Mac  (HFA Advantage) 6.000%
Fannie Mae  (HFA Preferred) OVER 80%
6.250%
Freddie Mac  (HFA Advantage) 6.250%
FL FIRST CONVENTIONAL TBA Program 
Fannie Mae  (HFA Preferred) 80% & below  FL Assist 10k /

FL HLP 10k

7.000%
Freddie Mac  (HFA Advantage) 7.000%
Fannie Mae  (HFA Preferred) OVER 80%  7.125%
Freddie Mac  (HFA Advantage) 7.125%
FL PLUS CONVENTIONAL TBA Program 
Offering AMI Plus 2nds Lock Rate
Fannie Mae  (HFA Preferred) 80% & below 3% 7.125%
4% 7.500%
5% n/a
Freddie Mac  (HFA Advantage) 3% 7.125%
4% 7.500%
5% n/a

Fannie Mae  (HFA Preferred)

OVER 80% 3% 7.250%
4% 8.000%
5% n/a

Freddie Mac  (HFA Advantage)

3% 7.250%
4% 8.000%
5% n/a
TBA Salute Our Soldiers  – Thru 5-31-22
 BOND
Program AMI DPA Lock Rate
 FL First Government (FHA, USDA) (*) FL Assist 10k /

FL HLP 10k

6.000%
 Fannie Mae   (HFA Preferred) 80% & below and OVER 80% 6.750%
  • FL ASSIST, 0%, 30 year
  • FL HLP, 3%, 15 year 
  • PLUS, 5 year forgivable
  • AMI – (*) – does not apply to Government loans
eHousingPlus is the Program Administrator.We provide the web-based program loan reservation and management system, Programs web page, Daily Rates, Administrator’s Guidelines, Program forms, Lender Program and System Training, Notices and updates to Lenders, Compliance Support to Lenders, Reviews/Approves Compliance Files, Timelines, Works with the Agency and Master Servicer on Program Goals.  As of 10/1, the Florida Housing Programs have two servicers, see below for guidance. 
Loans reserved prior to 10/1 – Florida Housing Program Guidelines with eHP and US Bank Loans reserved as of 10/3  – Florida Housing Program Guidelines with eHP and Lakeview
BOND Program BOND Program
TBA Program (non Bond) TBA Program (non Bond)
Hometown Heroes  Hometown Heroes 
Co-Signor Addendum
Manufactured Housing Term Sheet Manufactured Housing Term Sheet
Seller Guide, Gov’t Matrix, Conv Matrix Seller Guide, Gov’t Matrix, Conv Matrix, FAQ
Applies to All DPA Options:

  • Statewide
  • DPA is for down payment and closing costs. Cashback is not allowed.
  • fees -see term sheet & guidelines
  • Lender up-fronts the DPA and US Bank will reimburse at purchase
  • DPA Programs have different terms, please reference the Guidelines for details
FL Assist – Loan up to $10,000,  0%, 30 year Deferred
FL HLP – Loan up to $10,000,  3%, 15 year amortizing
FL Plus Second Mortgage – Assistance (3%, 4%, 5%) is based on the FINAL loan amount and is automatically calculated.  0% interest, 5 years deferred forgiven at 20% per year
HTH DPA – 5% Assistance based on the FINAL loan amount, capped at $25,000.  0% interest, 30 year repayable