ADMINISTRATOR GUIDELINES  |
| PARTICIPATING LENDERS |
| PROGRAM FUNDS |
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| 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
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| LOAN TIMELINE REQUIREMENTS |
- Reservation to Loan Purchase: 70 calendar days
- Loan must be UW Certified any time prior to closing.
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| ELIGIBLE AREAS |
- See Administrator’s Guidelines
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| ELIGIBLE LOAN TYPES |
- FHA, USDA, VA
- Freddie Mac HFA Advantage
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| AVAILABLE DOWN PAYMENT ASSISTANCE |
- Assistance is based on the final loan amount
- see Rates Tab for details
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| INCOME LIMIT CRITERIA |
- Household Income Limits – Include income of borrower(s)
- See Administrator’s Guidelines
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| HOME ACQUISITION LIMITS |
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| HOME BUYER EDUCATION |
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| FICO SCORE & CREDIT REQUIREMENT |
- See Administrator’s Guidelines
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| LENDER PARTICIPATION |
- Approval by the Agency & US Bank, see Participating Lenders Tab
- Anyone involved in the program must attend Lender Training, see Training Tab
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| 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.
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