ADMINISTRATOR GUIDELINES   
PARTICIPATING LENDERS   
PROGRAM FUNDS
  • TBA
RESERVATIONS / LOCKS
  • Reservation/Locks – AVAILABLE* from 9:00am-4:00pm Central (10-5 EDT)
  • * Market Business days (excluding weekends & holidays)
  • Other system functions are available 24/7
LOAN TIMELINE REQUIREMENTS
  • Reservation to Loan Purchase: 70 calendar days
  • Loan must be UW Certified any time prior to closing.
ELIGIBLE AREAS
  • See Administrator’s Guidelines
ELIGIBLE LOAN TYPES
  • FHA, USDA, VA
  • Freddie Mac HFA Advantage  
AVAILABLE DOWN PAYMENT ASSISTANCE
  • Assistance is based on the final loan amount
  • see Rates Tab for details
INCOME LIMIT CRITERIA 
  • Household Income Limits – Include income of borrower(s)
  • See Administrator’s Guidelines
HOME ACQUISITION LIMITS 
  • $484,350
HOME BUYER EDUCATION
  • Not required
FICO SCORE & CREDIT REQUIREMENT
  • See Administrator’s Guidelines
LENDER PARTICIPATION
  • Approval by the Agency & US Bank, see Participating Lenders Tab
  • Anyone involved in the program must attend Lender Training, see Training Tab
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, Click here.

Current Rate/Offerings – Reservation/locks – AVAILABLE from 9:00am-4:00pm Central (10-5 EDT excluding weekends & holidays)

Rate/Offerings Mid FICO DPA Lock Rate
  GOVERNMENT  
FHA, USDA, VA 640 w/o 5.625%
FHA, USDA, VA 640 2% 6.625%
FHA, USDA, VA 640
3%
7.125%
FHA, USDA, VA 640 4% n/a
FHA, USDA, VA 640 5% n/a
  CONVENTIONAL – FREDDIE MAC  HFA ADVANTAGE   
FREDDIE MAC 80% AMI 640 w/o 5.875%
2% 6.750%
3% 7.250%
4% n/a
FREDDIE MAC OVER 80% AMI 640 2% 7.000%
3% 7.375%

 Borrowers should be qualified prior to locking reservation.

  • 30 Year, Fixed Rate, Amortized
  • All Loans are Assisted Rate Loans
  • The Assistance Grant is determined by above Options & First Mortgage Rate
  • Assistance is based of the Final First Mortgage Loan Amount