by Russel | Jun 9, 2023 | Lender, Program Announcement
June 9, 2023 Dear Lending Partners, Effective June 12, 2023, the Commission will be adopting the 2023 80% Area Median Income Limits (AMI) on our Home Advantage and House Key HFA Conventional Loans. Further AMI details are outlined in Fannie Mae’s and Freddie... by Russel | May 17, 2023 | Lender, Program Announcement
May 17, 2023 Dear Lending Partners, Effective with reservations made on or after May 17th, 2023. There will be income limit changes for the following Downpayment Assistance programs: HomeChoice DPA Home Advantage-Needs Based DPA Opportunity DPA Veterans DPA Updated... by Russel | May 8, 2023 | Lender, Program Announcement
May 8, 2023 Dear homeownership professional, We have exciting news! The Homeownership track is returning to Housing Washington this fall, and we would love your ideas to make it a success! Any topics, speakers, and issues that interest YOU are of interest to us.... by Russel | May 5, 2023 | Lender, Program Announcement
May 5, 2023 The seasons are changing, and so are we! On April 3, 2023, the Washington State Housing Finance Commission removed the 50% back-end DTI ratio requirement on our Home Advantage and House Key first mortgage programs, making our programs more accessible! We... by Russel | Apr 25, 2023 | Lender, Program Announcement
April 25, 2023 Dear Lending Partners, Just a reminder… Although not reflected on the rate sheet, a permanent buydown on our Home Advantage loans may be requested. If your borrower has extra funds from seller contributions available, you may want to consider a... by Russel | Apr 21, 2023 | Lender, Program Announcement
April 21, 2023 Dear Partners, SUNSET OF THE TACOMA DOWNPAYMENT ASSISTANCE PROGRAM The City of Tacoma notified the Commission they are considering other avenues to utilize their funds for other homeownership programs. Any loans in your pipeline that may be utiizing the...