ATTENTION LENDERS!

IMPORTANT PROGRAM UPDATES!

Hometown Heroes Fallout Funds 

Funds from cancelled loans will be offered the week of October 1, 2024. The amount of funding that will be released depends on the number of loans that will be cancelled prior to October 1^st so, at this time, we cannot confirm how much will be available. We also cannot confirm rates for loans reserved through fallout as rates are determined by the market and are set daily. However, we will issue another bulletin at the end of next week confirming the amount of accumulated funds will be available the first week of October.

*NEW* Standard TBA Government Option

Effective with reservations made on or after October 1, 2024, Lenders will be able to offer their borrowers higher income and purchase price limits on FHA and VA through the Standard TBA Program. Keep in mind that TBA considers your AUS/1003 income and BOND considers the Household Income. 

Currently, the Standard TBA Program offers only the Conventional Freddie Mac HFA Advantage. With the HTH Program winding down, FHA and VA will now be available in the Standard BOND Program AND the Standard TBA Program. Guidelines for the Standard TBA Program will be updated to reflect the new Government options and posted Monday, September 23^rd.

Training for the Standard TBA Government Option will be available Sept. 24^th and Sept. 27^th at 1pm ET.

Click on this link to register.

Charles White

Homebuyer Loan Program Director

Charles.white@floridahousing.org

Sandy Smith

Homebuyer Loan Program Manager

Sandy.smith@floridahousing.org

Homeownership Loan Program Team 

dpa@floridahousing.org