Lender Selling Guide

Our Mortgage Programs

New Hampshire Housing offers a variety of mortgage products for low-moderate income households. Features include cash assistance for down-payment and closing costs, low PMI products, purchase/rehabilitation loans, mortgage credit certificates that can save buyers up to $2,000 on the taxes, and more.

Our Home Flex program offers cash for downpayment and closing costs, and can also provide funds for rehabilitation of the property. Our government insured programs (FHA, VA, RD) offer many great options, including money for downpayments and closing costs, rehab loans, and refinancing. Questions? Please email underwriters@www.nhhfa.org.

Fact sheets are for reference only.  Refer to applicable Agency guidelines for requirements (Fannie Mae, FHA, RD, VA).

Program Information

Home Flex Fact Sheet (5/28/19)

Home Flex Plus Fact Sheet (5/28/19)

Home Flex Streamline Refinance

Home Flex  Refinance Option

FHA 203K Fact Sheet

Voucher Assisted Mortgage Fact Sheet

Income Limits (effective 9/5/19)

Policies and Training

Income Limits Policy (effective 5/28/19)

Cash Assistance Policy

Home Flex Plus Lender Notice and Policy (6/15/18)

Legal Document Compliance Policy

Reservation, Rate Lock and Acquisition Fees

Loan Delivery and Purchase

Home Flex Cash Assistance Mortgage Training (1/17/19)

Online Training (6/25/18)

Forms

All program forms may be found in the Forms section.

Home Preferred and Home Preferred Plus beat HomeReady® by offering great features only available to lower income borrowers:

  • Minimum MI coverage (18%), lower than HomeReady!
  • No loan level price adjustments
  • Up to 3% downpayment assistance
  • Lowest possible rate for borroers at or below 80% AMI
  • Minimum 620 credit score

If you have questions, please e-mail underwriters@www.nhhfa.org.

Fact sheets are for reference only.  Please be sure to refer to applicable Agency guidelines for requirements (Fannie Mae, FHA, RD, VA).

Program Information

Home Preferred Fact Sheet (5/28/19)

Home Preferred Plus Fact Sheet (5/28/19)

Home Preferred MH ROCs Fact Sheet (5/28/19)

Voucher Assisted Mortgage Option (5/28/19)

Income Limits (effective 9/5/19)

Income Limits (for reservations between 7/22/19 and 9/4/19)

Policies and Training

Home Preferred Update: Lender Training 2019

Home Preferred Update: Lender Training 2019 Video

Income Limits Policy (effective 5/28/19)

Cash Assistance Policy

Legal Document Compliance Policy

Reservation, Rate Lock and Acquisition Fees

Loan Delivery and Purchase

 

Forms

All program forms may be found in the Forms section.

Our Homebuyer Tax Credit program provides borrowers with an MCC, which can give them up to $2,000 toward their federal taxes every year for the life of the mortgage loan. Lenders with questions about the MCC Program can e-mail underwriters@www.nhhfa.org.

Program Information

Fact Sheet (10/15/19)

Homebuyer Tax Credit Income and Purchase Price Limits (5/28/19)

Income Limits Policy (effective 5/28/19)

Program Rules

Online Training for Lenders

MCC Training for Participating Lenders

Forms

All program forms may be found in the Forms section.

Home Flex FHA Fact Sheet
Home Flex Limited 203k Fact Sheet
Home Flex RD Fact Sheet
Home Flex Plus Fact Sheet

Home Preferred MI Fact Sheet
Home Preferred MH ROCs Fact Sheet
Home Preferred Plus Fact Sheet (2-2019)

Go to the program section above for Home Start Homebuyer Tax Credit Program (mortgage credit certificate) Fact Sheets

Forms

All program forms may be found in the Forms section.

If you are a Participating Lender or Participating Originator and have questions about any of our mortgage products, please contact underwriters@www.nhhfa.org

Updates, Policies and Reminders

November 15, 2019Loan Servicing Update: Post-Closing Adjustments 

October 8, 2019Escrow Payments

June 17, 2019 – Borrowers with Marijuana Income

June 10, 2019Fellowship Program, Class of 2020

May 24, 2019Income Limits for Loan Programs, Including Income and Purchase Price Limits for HomeStart Homebuyer Tax Credit (MCC)

May 22, 2019Lender Online Portal Is Being Replaced

April 22, 2019 – Tax Return Requirement 

March 13, 2019Rate Notice: 5.25%

March 12, 2019Refinance Daily Rates Posting

February 28, 2019USDA RD 203KRehab Loan- Clarification

February 21, 2019 – Downpayment Assistance – NHHFA Is Your Known and Trusted Source

February 11, 2019USDA RD Rehabilitation Loan Changes

February 11, 2019 – Lender Online Reservation Loan System

January 4, 2019Government Shutdown

December 19, 2018 – One Loan per Borrower

November 15, 2018Lender Online New Login Process

October 10, 2018 – Lender Online and VirPack Offline

September 28, 2018Escrow Payments

August 23, 2018Information Notice to County Registries of Deeds

August 23, 2018 – Lender Online Security Update

August 10, 2018 – Lender Notice: IRS Tax Transcripts

May 31, 2018 – Income Limit Change

April 25, 2018Lender Online

February 2, 2018Delivery of Legal Documents and Compliance Policy

January 24, 2018Change to Allonge/Endorsement on the Note