• Orange, Lake, Osceola, Seminole counties

• First-time Homebuyers- Applies to 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

• Reservation to Underwriter Certification – 15 days (can’t extend)
• Reservation to Exceptions Cleared & First Mortgage Loan Purchased – 60 days

• FHA, VA, USDA-RD
• Freddie Mac  –  80% AMI

• up to 10,000
• cash back is not allowed

• Please reference the guidelines
• Limits are different for Governent & Conventional

• see Guidelines

• Required for Buyers and everyone on the Warranty Deed

• see Guidelines

• see Guidelines

• Online, once logged in to eHP system: See Forms

THE AGENCY

• Creates the First Mortgage Program, Provides the Down Payment Assistance
• Sets the rate, term, points and options
• Lender relationships, Markets the Program
• Agency Website

• Takes applications for the program, Reserves first mortgage in eHousingPlus system
• Must meet loan processing timeline
• Process, Underwriter, Certify, Fund, Close & Sells qualified loans to Program’s Master Servicer
• Responsible for servicing loans in accordance with Agency requirements until loan is purchased by the Master Servicer
• For Participation or additional information, please Click Here

• Provides information and training concerning the mortgage loan file, acceptable loan products, delivery and funding, reviews/purchases the mortgage file.  Servicer Lender Guides, Click here   If you need assistance with the Servicer Lender Guides or  to contact the US Bank, Click here.

• Notices to Buyers