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McWEB Lender  Portal _____________   6.15%   Administrator Guidelines   Program Forms

NORTEX HOUSING FINANCE CORPORATION   The Housing Authority is waiting on favorable pricing for a new program.  Better pricing results in lower rates.   Single Family MRB 2006A   First-Time Homeowner Program Total Program Funds $14,500,000 Interest Rates - 30 yr. Fixed 6.15% Origination & Discount 0% Eligible Areas Counties:  Archer, Baylor, Clay, Cottle, Foard, Hardeman, Jack, Montague, Wichita, Wilbarger and Young 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 Administrators Guidelines, pg 19) Assistance DPA -  Down payment assistance is available in the form of a second mortgage up to 8% of the full loan amount. Please see Administrators Guidelines  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 9 for details Final Purchase Dates - 12/31/2008   Temporary 2/1 Buydowns allowed...details.

Updated 2009/02/26