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Changes to Permanent and Temporary Rate Buydown Requests-New Fees Effective January 2, 2025

by Homeownership Division | Nov 22, 2024 | Lender, Program Announcement | 0 comments

Dear Lending Partners, Many lenders have been requesting rate buydowns late in the process resulting in hedging challenges for the Commission. Due to the expensive costs of pooling buydown loans with interest rate buydowns, we will be amending our current buydown...

Covenant Homeownership Program Eligibility Document Checklist

by Homeownership Division | Nov 18, 2024 | Lender, Program Announcement | 0 comments

Dear Lending Partners, To help you gather Covenant eligibility documents from your potential homebuyers we have put together a Covenant Eligibility Document checklist for loan originators to utilize. The checklist can be found on our website here. Please note:...

Temporary IT Network Downtime–Please Plan Accordingly!

by Homeownership Division | Nov 15, 2024 | Lender, Program Announcement | 0 comments

Dear Lending Partners, As of 2:00 pm PST, Friday, November 22nd through 8:00 am PST, Monday, November 25th, our internet network system will experience downtime due to moving IT equipment to another floor. What does this mean to me: 1) The Lender Online System will...

REMINDER: Permanent Rate Buydown Requests

by Homeownership Division | Oct 22, 2024 | Lender, Program Announcement | 0 comments

Dear Lending Partners, Just a friendly reminder regarding permanent rate buydown requests. Permanent buydown requests must be made and a permanent buydown selected no later than 2 business days from the date of reservation. The buydown selection must be made no later...

Freddie Mac Underwriting Overview

by Homeownership Division | Oct 18, 2024 | Lender, Program Announcement | 0 comments

The Washington State Housing Finance Commission in conjunction with Idaho Housing Finance & Association (IHFA) is pleased to partner with Freddie Mac. Join us on November 13, 2024 for an informative and interactive webinar designed to provide a comprehensive...
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