ADMINISTRATOR GUIDELINES 
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PARTICIPATING LENDERS
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| PROGRAM FUNDS |
- Continuous Funding
- eHP System available 24/7
- Reservation/Locks are available on business days between 10am-8pm Eastern Daylight
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| LOAN TIME LINE REQUIREMENTS |
DO NOT RESERVE EARLY: Underwriter must Certify the loan on line 15 days after Reservation!
- Reservation to UW Cert: 15 days (canceled if not certified)
- Reservation to Close and Delivery: 45 days
- Reservation to Loan Purchase: 70 days
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| ELIGIBLE AREAS |
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| ELIGIBILITY CRITERIA |
- NO First-time Homebuyer Requirement
- Borrower(s) & Spouse(s) must occupy the property as their Primary Residence
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| ELIGIBLE LOAN TYPES |
- FHA, VA
- 203 (k) streamlined (with US Bank approval)
- Freddie Mac
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| AVAILABLE DOWN PAYMENT ASSISTANCE |
- Assistance is system calculated of the note amount (see rates)
- available for down payment or closing costs.
- Cashback is not allowed.
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| LIMITS: INCOME, ACQUISITION,
and LOAN AMOUNT |
- Household income = 1003 Credit Qualifying Income
- See guidelines
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| HOME BUYER EDUCATION |
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| FICO SCORE & CREDIT REQUIREMENT |
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| CO-SIGNERS |
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| LENDER PARTICIPATION |
- Approval by Agency & US Bank
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| FORMS AND DOCUMENTATION |
- Log into the system, under FORMS
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| THE 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, Click here
- If you need assistance with the Servicer Lender Guides or to contact the US Bank Lender Help Desk, Click here.
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