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ATTENTION PARTICIPATING LENDERS
IMPORTANT ANNOUNCEMENT FROM
FLORIDA HOUSING FINANCE CORPORATION
2025 HOMETOWN HERO PROGRAM REMINDERS
LOAN RESERVATION TO PURCHASE TIMELINE Reservation to Purchase = 60 Days
Loans that are not underwriter certified by 60 days will automatically cancel.
Only one 30-day extension will be permitted. Any loans not purchased by 91 days from reservation will be cancelled. No exceptions.
Lenders should be monitoring their pipeline and consider other program options if there are loans that won’t be purchased in by 91 days from reservation.
HTH TBA BORROWER INCOME
All income from all borrowers—including qualifying base, overtime, bonus, commission and any other recurring income — regardless of whether it is needed to qualify must be reflected so it can be counted toward the Program income limits.
MISSING TAX RETURNS / TRANSCRIPTS WITH BOND
When originating BOND (HTH BOND or Standard BOND), tax returns or transcripts or a copy of lease or VOR must be provided to validate first time homebuyer eligibility. This means that all occupying borrowers and any NPS must provide them. If documentation to validate first time buyer eligibility cannot be provided, consider TBA.
REMAINING FUNDS
There is approximately $29MM remaining and based on current reservations, funding should be available through early December. The amount of funding available is updated on our Rates & Offerings page on eHousing’s website daily.
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