The Hometown HEROES 2.0 is Currently locked and will reopen today 9/22 at 10am.   

$650,000 available in HTH Assistance. 

(open due to Tuesday’s 4.5 million not fully utilized)

 Please read!

 

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 online prior to closing. 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) 2023 LIMITS – 80% AMI LIMITS CHART (effective with 6/12/23 reservations)
CO-SIGNERS	See Guidelines Co-Signor Addendum
PROGRAM FORMS	Available online, within the loan or under FORMS
AGENCY WEB	Florida Housing
LENDER PARTICIPATION	Please contact the Florida Housing Lender Team if your company is not approved and is interested in participating.
MASTER SERVICERS	Provides information and training concerning the mortgage loan file, acceptable loan products, delivery and funding, reviews/purchases the mortgage file.  Servicer Lender Guides, Seller Guide, Gov’t Matrix, Conv Matrix, FAQ

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.  

The Hometown HEROES 2.0 is Currently locked and will reopen today 9/22 at 10am.  $650,000 available in HTH Assistance. 

(open due to Tuesday’s 4.5 million not fully utilized)

Please make sure you select the correct option and enter the occupation & eligibility of the hero.

 Please read!

 

Offerings for 9/22/2023   10am – 8pm	AMI	DPA	Lock Rate
FL FIRST CONVENTIONAL TBA Program
Fannie Mae  (HFA Preferred)	80% & below	FL Assist 10k / FL HLP 10k	8.375%
Freddie Mac  (HFA Advantage)			8.125%
Fannie Mae  (HFA Preferred)	OVER 80%		8.500%
Freddie Mac  (HFA Advantage)			8.375%
FL PLUS CONVENTIONAL TBA Program
Offering	AMI	Plus 2nds	Lock Rate
Fannie Mae  (HFA Preferred)	80% & below	3%	8.375%
		4%	n/a
		5%	n/a
Freddie Mac  (HFA Advantage)		3%	8.375%
		4%	n/a
		5%	n/a
Fannie Mae  (HFA Preferred)	OVER 80%	3%	8.625%
		4%	n/a
		5%	n/a
Freddie Mac  (HFA Advantage)		3%	8.500%
		4%	n/a
		5%	n/a
BOND
Program	AMI	DPA	Lock Rate
FL First Government (FHA, USDA, VA)	(*)	FL Assist 10k / FL HLP 10k	7.500%
Fannie Mae   (HFA Preferred)	80% & below and OVER 80%		8.000%

• FL ASSIST, 0%, 30 year
• FL HLP, 3%, 15 year 
• PLUS, 5 year forgivable
• AMI – (*) – does not apply to Government loans

HOMETOWN HEROES 2.0 TBA
FHA, USDA, VA	(*)	5% (Min 10k – Max $35k)	7.250%
Fannie Mae  (HFA Preferred)	80% & below		7.375%
Freddie Mac  (HFA Advantage)			7.375%
Fannie Mae  (HFA Preferred)	OVER 80%		7.625%
Freddie Mac  (HFA Advantage)			7.500%
HOMETOWN HEROES BOND 2.0 BOND
FHA, USDA, VA	(*)	5% (Min 10k – Max $35k)	n/a
Fannie Mae  (HFA Preferred) / Freddie Mac (HFA Advantage)	80% & below		n/a
Fannie Mae  (HFA Preferred) / Freddie Mac (HFA Advantage)	OVER 80%		n/a

 

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.

eHP Origination to Loan Purchase

BOND Program Lender Guide

FL FIRST & FL PLUS (TBA) Program Lender Guide

HOMETOWN HEROES  – thru 6-30 reservations

Effective with reservations as of 7-3 HOMETOWN HEROES – TBA Lender Guide HOMETOWN HEROES – BOND Lender Guide Q&A for HOMETOWN HEROES HOMETOWN HEROES – Cheat Sheet – Aid for reserving the correct HTH

Guidelines for Manufactured Housing – Term Sheet

Co-Signor Addendum

 

How can I attend HTH Program training? Borrower Certification Form – for loan reservations July 3rd and after ATTESTATION FORM – for loans prior to July 3rd FLYER for loans prior to July 3rd FLYER for loan reservations July 3rd and after

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 Lakeview 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 (min of 10,000 and max of 35,000). 0% interest, 30 year repayable.

 

The Following Lenders have been approved by Florida Housing