Attention Lenders:
Homeward Bound Loans
- HMFA will accept a “No Survey” Survey Endorsement in lieu of a survey on Homeward Bound FHA, VA and USDA 1st mortgages. The Seller’s Guide will be amended to reflect this change. Please accept this bulletin as a blanket exception approval until the Seller's Guide is amended and published. Individual exception requests are not needed.
- Termite Certifications are not required on Homeward Bound FHA and USDA 1st mortgages only unless there is infestation or damage reported on the appraisal or the purchase agreement. The Seller’s Guide will be amended to reflect this change. Please accept this bulletin as a blanket exception until the Seller's Guide is amended and published. Individual exception requests are not needed.
HomeSeeker and Smart Start Loans
The FHA HomeSeeker and Smart Start award letters will be emailed rather than mailed. To facilitate the revised process you must indicate the appropriate e-mail address on the Underwriting Submission Checklist. Please be advised that the executed award letter requires a wet signature.
Please share this information with your staff.
HOMESEEKER AVAILABLE FUNDS REMAINING: $7,872,000
