OHFA Advantage Lender Resources

Census Tracts

Product Notice

• MCC Product Manual

Product Purchase Price, Income & Loan Review Documents

    OHFA Dream

   PURCHASE PRICE & INCOME LIMITS

• OHFA Dream GNMA Income & Purchase Price Limits
• OHFA Dream FNMA Income & Purchase Price Limits

    CERTIFICATION & APPROVAL DOCUMENTS
       To be provided to Lender from OHFA at approval:

• Dream Certificate/Income Statement
• OHFA Approval/Award Letter
• OHFA Gift/Grant Letter

       CLOSING DOCUMENTS
        To be provided to OHFA within 5 days of loan closing:

• Closing Disclosure (Executed CD – Signed by Buyer(s) and Seller(s))
• OHFA Gift/Grant Letter (Executed OHFA Gift/Grant Letter – Signed by Buyer(s))

    Note: Review documents are legal size. Please adjust your printer to print on legal size paper.

   OHFA Gold, Shield & 4 Teachers

   PURCHASE PRICE & INCOME LIMITS

• OHFA Gold, Shield, 4 Teachers Purchase Price Limits
• OHFA Gold, Shield, 4 Teachers Income Limits

   All documents can be filled in, then printed.

• All Bond Documents

   CODE COMPLIANCE DOCUMENTS

• Consolidated Review Checklist
• Mortgage Loan Summary
• Mortgagor Affidavit and Certification (Part 1 - Representations and Warranties)
• Mortgagor Affidavit and Certification (Part 2 - Acquisition Cost Worksheet)
• Mortgagor Affidavit and Certification (Part 3 - Income Worksheet)
• Mortgagor Affidavit and Certification (Part 4 - Supplemental Agreement and Certification)
• Notice to FHA Buyers
• Notice to Veterans
• Notice of Potential Recapture Tax - Part I
• Lender Compliance Certificate
• Seller(s) Affidavit and Certification
• Real Estate Broker's Certification

   CLOSING DOCUMENTS

• Closing Checklist
• Notice of Potential Recapture Tax - Part II
• Mortgagor Affidavit and Certification (Part 5 - Reaffirmation of Mortgagor)
• Tax-Exempt Financing Rider
• Tax-Exempt Financing Rider (Conventional)
  

     To be provided to OHFA within 5 days of loan closing:

• Closing Disclosure (Executed CD – Signed by Buyer(s) and Seller(s))
• OHFA Gift/Grant Letter (Executed OHFA Gift/Grant Letter – Signed by Buyer(s))

   Note: Bond documents are legal size. Please adjust your printer to print on legal size paper.

   OHFA MCC (Mortgage Credit Certificate)

   PURCHASE PRICE & INCOME LIMITS

• OHFA MCC Purchase Price Limits
• OHFA MCC Income Limits

   All MCC Documents can NOT be filled in at this time.

• All MCC Documents

    SINGLE REVIEW DOCUMENTS

• Consolidated Review Checklist (MCC-010)
• MCC Reservation Confirmation (MCC-004)
• Application Affidavit Page 1 & 2 (MCC-001)
• Mortgagors Affidavit, including applicable Attachments Pages 1-3 (MCC-005)
• Notice to Mortgagor of Information regarding Potential Recapture Tax - Part 1 (MCC-011)
• Real Estate Brokers Certificate Pages 1 & 2 (MCC-012)
• Seller Affidavit Pages 1 & 2 (MCC-003)
• Lenders Closing Certificate Pages 1 & 2 (MCC-008)

   CLOSING DOCUMENTS

• Notice of Potential Recapture Tax - Part II, Pages 2-4 (MCC-011)
• Reaffirmation of Mortgagor (Attachment 5 to MCC-005 - Mortgagor's Affidavit)
• MCC Application Fee, corporate or certified check, payable to OHFA

    Note: MCC documents are legal size. Please adjust your printer to print on legal size paper.

OHFA Advantage Regulations

    Code Compliance

        Bonus Income
        Sellers
        Power of Attorney
        Married/Divorced Borrowers
        Co-Signor
        Gross Monthly Income
        First-time Home Buyer Status

   Reservations and OHFA Internet

       Internet Users
       Canceling a Reservation
       Re-reserving a Cancelled Loan
       Changing a Loan

   Most Common Deficiencies

       Top 10 Deficiencies
 

Training

   Presentation
 

       OHFA 2016S Training