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McWEB Lender  Portal _____________   5.85%   Administrator Guidelines   Program Forms

HEART OF TEXAS HOUSING FINANCE CORPORATION   Single Family MRB 2006A   First-Time Homeowner Program There are no funds available. The Housing Authority is waiting on favorable pricing for new programs.  !!!!     DPA is now 8% ... Total Program Funds $9,500,000 Interest Rates - 30 yr. Fixed 5.85% Origination & Discount 1% origination and .5% discount Eligible Areas Counties:  Bosque, Falls, Freestone, Hill, Limestone and McLennan  Federally Designated Targeted Areas Eligible Homebuyer First time homebuyer  Allocations Lender Allocations    Target Pool available to all lenders Loan Types FHA, VA, FannieMae Please see Underwrittin Presentation pg 2-3 Assistance DPA - 8% grant eff 5/11/2007 -  4% grant (up to 8% of final loan amt) Time Line   - You must have an executed contract prior to reservation. Reservation to UW Certification is 45 days Reservation to Loans Closed & Delivered to Servicer is 85 days Income Limits   Non Target   1-2 hhld = $54,300                       3+ hhld = $62,445 Targeted      1-2 hhld = $65,160                    3+ hhld = $76,020 Acquisition Limits Non Target   $237,031 Targeted      $289,704  See the Administrators Guidelines, pg 8 Final Purchase Dates - 10/10/2007 Buydowns Temporary 2/1 Buydowns allowed..See the Administrators Guidelines, pg 4

Updated 2009/02/26