DOWN PAYMENT ASSISTANCE (DPA) - FLORIDA HOMETOWN HEROES HOUSING PROGRAM
BAC Advocacy Update:
10,000+ Independent Mortgage Brokers In Florida Now Have Access To The Hometown Heroes Program.
Timeline:
The current timeline is the end of the year.
Details:
This was a joint effort between The BAC and UWM. They were integral in getting this to the finish line and continue to prove that they are a fantastic partner to the Independent Mortgage Broker.
We are working with the rest of our partners to help facilitate their access to this program.
There will be required training (administered by the lenders) that you will have to take before being able to offer this product.
Brokerages will need to have a brick & mortar office in Florida, and Loan Officers will have to hang their license at that office to be able to originate Hometown Heroes. (This is a preexisting rule that applies to lenders as well)
Your Company must have a "brick and mortar" Office in Florida.
This Office must be open for at least a year and reflected in the NMLS as such.
ALL Loan Officers must work AND live in Florida.
The Loan Officer NMLS registration must show working out of this Florida Office/Branch.
No Virtual Offices Allowed! No Exceptions Allowed
Brick & Mortar Requirements Specifics:
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