Today's Rate
is 3.44%
Check our website
daily for the lowest
interest rates
available for your
clients.
Important
Reminders
DU System
Please use DU
version 9.0 when
submitting loans.
Homebuyer Tax Credit Program
Homebuyer's can now save up 25% ($2,000 max), of the total
mortgage interest paid in an additional federal income tax
deduction each year.
Some important details about the Homebuyer Tax Credit
Program to remember:
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The tax credit follows the First Loan requirements.
Must be a first-time homebuyer in non-targeted counties.
Idaho Housing's First Loan income limits apply.
Income limit calculations must include all members of the
household who are 18 and older.
Borrowers must sign the Tax Credit Application
(Mortgage Revenue Borrower's Affidavit).
There is a $300 borrower fee, with $150 of the fee going
to the lender.
Open Access
The Freddie Mac
Open Access
program has been
added to our rate
sheet and loan lock
options.
Manufactured
Home (MH)
Underwriting
Guidelines
If you have a
manufacturing
home loan to
process, please be
sure and review the
attached MH
underwriting
guidelines
Uniform Loan Delivery Dataset (ULDD)/ Uniform
Collateral Data Portal (UCDP) Reminder
The ULDD is now required for every loan. Loans will not be
purchased without the FNMA/FHLMC Document File ID # (DOC.
FILE ID#). If this number is not supplied the appraisal must be
converted to an .XML file and downloaded to the lender
connection. In addition to the .XML appraisal, the loan file must
be converted to a Fannie Mae 3.2 (.FMN) file.
If you have any questions regarding this process, IHFA's IT
department can help you with this conversion. Just email
[email protected] and we will have them contact you.
Conference on Housing and Economic
Development
Quick Links
Lender's Quick
Reference Sheet
Down Payment
and Closing Cost
Assistance
Homebuyer Tax
Credit
Don't miss the amazing educational
and networking opportunities "Under
the Big Top".
The conference includes workshops
designed for everyone, including The
Lending Landscape session.
This session panelist include:

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Jennifer Whip, VP, Customer
Engagement, Fannie Mae
Danny Mendez, Director, Processing and Underwriting
Division, HUD
Registration is now open and will fill fast. Register
today at 2012housingconf.com.