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
CO-SIGNERS
PROGRAM FORMS
  • Available online, within the loan or under FORMS
AGENCY WEB
LENDER PARTICIPATION
MASTER SERVICERS

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 

 

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.