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HomeAtlanta 4.0 

ADMINISTRATOR GUIDELINES   

PARTICIPATING LENDERS   
PROGRAM FUNDS Continuous Funding
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
  • Reservation to Loan Purchase: 70 days

(Loan Timelines must be met: See below for Extension Options)

ELIGIBLE AREAS
ELIGIBILITY CRITERIA
  • NO First-time Homebuyer Requirement
  • Borrower(s) & Spouse(s) must occupy the property as their Primary Residence
  • Borrower(s) and Spouse(s) must be able to permanently reside in the U.S.
ELIGIBLE LOAN TYPES
  • Government – FHA
AVAILABLE DOWN PAYMENT ASSISTANCE
  • Grant
  • IMAP 2nd
  • Downpayment and closing cost assistance. 
  • Cashback is not allowed
INCOME LIMIT CRITERIA 
  • Must Use Income Calculation Worksheet;
    • FHA
      • Income limits defined at household level
      • see Guidelines
HOME ACQUISITION LIMITS
  • $335,000
HOME BUYER EDUCATION
  • Required, see eligible providers
FICO SCORE, DTI & CREDIT REQUIREMENT
  • see guidelines
  • no manual UW
CO-SIGNERS
  • Not permitted
LENDER PARTICIPATION
  • Approval by Agency & UB Bank
FORMS AND DOCUMENTATION
  • Program forms are at the loan level. Log into eHP system and within the loan click on FORMS OR from the Menu, select FORMS
PROGRAM FEES
  • First Mortgage Fees, Lender Net, Loan Purchase Price are detailed in the Administrator’s Guidelines
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 getting to the Servicer Lender Guides, Click here. To contact US Bank Lender Help Desk, Click here.

 

Current Rate/Offerings – Reservation/locks – AVAILABLE from 10 am -8 pm EDT excluding weekends & holidays

Rate/Offerings FICO DPA Lock Rate
Home Atlanta 4.00 with IMAP
 
FHA 660 IMAP second
6.625%
  • Term: 30 Year Fixed Rate
  • IMAP – 10,000
  • min borrower contribution 1,500 (own funds)