HOME Homebuyer Program Policies & Procedures Office Hours Webinar - - PowerPoint PPT Presentation

home homebuyer program policies procedures office hours
SMART_READER_LITE
LIVE PREVIEW

HOME Homebuyer Program Policies & Procedures Office Hours Webinar - - PowerPoint PPT Presentation

HOME Homebuyer Program Policies & Procedures Office Hours Webinar June 27, 2019 1 % !"#$%&"'(')*+,%-.$+/%*0' !"#$%#&'()*+),-./%)01123')#1)411#&(5*6'),#7%2$8)9&#8&5:% 9&'%'$;'&%


slide-1
SLIDE 1

HOME Homebuyer Program Policies & Procedures Office Hours Webinar

June 27, 2019

1 %

slide-2
SLIDE 2

1#/-"'2'

!"#$%&"'(')*+,%-.$+/%*0'

  • !"#$%#&'()*+),-./%)01123')#1)411#&(5*6'),#7%2$8)9&#8&5:%
  • 9&'%'$;'&%

– !;'"<'$)=5;<#:>)!&?)@#$%76;5$;>)A.4)@#$%76;2$8 – B#$;')C&5$D'>)C&5$D')@#$%76;2$8)E&#7"

  • F'%#7&3'%G

– A#(5+/%)%62('%) – H#;23')@9.IJKILM – ,0BN),#:'*7+'&)9#6232'%)@<'3D62%;

slide-3
SLIDE 3

672809:;2<9$=*6:

  • !"#$%&#'()*+#,-(.#&/0
  • 1%)"-.-)'-#23)-#)&45-.#!"#$%&#2/3)'-#%.363)(2#'(2-)7(.#3)83+-#
  • !)/+-(7#&/-9

'()*+))*,,,-2 .//&00123-(24452(442

slide-4
SLIDE 4

!"#$%*

  • !"#$"%&'"(&)*$+,-&./*0&12"-34(5-&%"6$+4/&
  • 733/"--&2+4+-%"/"3&82"-,$*+-
  • 733$,$*+49&:;7

&$'()*+*

slide-5
SLIDE 5

!"#$%"&'()%'*+,-."/"&'0-12,3'

  • !"#$"%&'(&)*"%+$',%&-#'*,.&#"/-+".&+'0$1%

– 2,1'3"&."+"#3$,-+$',4&#"%-/"5#"1-0+*#"4&"+16

  • 7''&"80-,%$9"5+"1:,$1-/&+'&-..#"%%&$,&+:$%&;"<$,-#

– !:-#".&("".<-1=5."3-,.&('#&+:"%"&+'0$1%&;$+:&>?@&

4#2&"'5'

slide-6
SLIDE 6

!"#$%&'(&)&*%+",)+$"'

  • !"#"$%&'&'()*'+,%")-,$)#.")/012)3$,($4%)5"6&'4$

– /"78)9:'");<=)>?;@=)4A4&7467"),')#.")/B!)2C+.4'(" – .##DEFGGHHHI.:8"C+.4'("I&'-,G#$4&'&'(EG+,:$E"EG8"#"$%&'&'(J &'+,%"J-,$J#."J.,%"JD$,($4%JE"EE&,'J;G>KL>G

  • .+/&'0'
slide-7
SLIDE 7

,%-."/0/

! !"#$%&'()*$+,-../

" 0''123445556078*9)0:;<*6(;=&4>*2 &7>)*4,?@.4;&'()*-)18-+,-../- <7(8:;)*->*2:A*->*):1'7>*-0&B*4 " 0''12344=(A*26078*9)0:;<*6(;=&4>*2& 7>)*248&)7B*;'24CDEFG*2:A*H;8 G*):1'7>*I7BB:>J618=

! CK#$1A:;;(;<$'&$718:'*$'0(2 ;&'()*

" G&AA&7'$5(AA$(;)A78*$5*L(;:>

!"#$%"&!"'$()*+"/

slide-8
SLIDE 8

Slide 8

HOME Homeownership Value Limits

  • May not assist purchase of a home above the limit

– Even if other funds cover “excess”

  • https://www.hudexchange.info/programs/home/
slide-9
SLIDE 9

!"#$%!&'(&)*(+,-./%0123(%4.'.5,%

! !"#$%$&"'()*)&+',-%'".)+&)/0'1+2'/"3(4'5-/+&%65&"7'8-*"+' ! 9-+&':;+'-/(4'/""7'<=>6/)&?'5-(6*/+

" @-&"A'4"((-3'8)08()08&+'$77"7B'/-&')/'-%)0)/$('7-3/(-$7

62.7(%8%

slide-10
SLIDE 10

74)0#$89

5'1%#'(6$7(&+0&'0/

  • !"#$%&'%(&)*+,-($(.'$*%.*/01023*('*0435*6789*:('&)*;"),

– <"(=&'>,*$%())*?,'=('@

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

slide-11
SLIDE 11

2345+$--

!"#$%&'()*)++$,+((+'$-./01

! !""#$%&'()*+&,-.&/0,1

" 2(%34$"&"435%3)%"&67)&89'&+$5%$)"&47&%7:#;$54&"7#):$&76&<#=$)&3""*"435:$&6)7; >7?$)5;$543+&3>$5:*$" " @35A&+*A$+=&47&"$$A&+$44$)&?$)*6=*5>&3""*"435:$&*"&<$*5>&()7?*%$%&<=&BC&D*5&*4" >7?$)5;$543+&:3(3:*4=E

! F7)4>3>$$&G$44$)&,1H0I&$J4$5%$%&*;(+$;$5434*75&#54*+&C#+=&/K.&/0,1 ! L$>*753+&89'&97;$7M5$)"N*(&O$54$)"&:35&N$+(&35"M$)&P#$"4*75"

" Q-00RHO'GG&89'&7)&Q-00RH//SHSKT/ " N44("UVV$54(WN#%W>7?V:+3"V*567/W:6;

slide-12
SLIDE 12
  • !"50,(5%.3"*3"(7%(1
  • >,$(5"3%(1*&"#$%&"'"()*2(7*200&,24-"5
  • !":%"8*&"5,$&4"5*2(7*("<)*5)"05

01(/"$23

!"#$%&'()$*+",-$.&+$%&/,#

  • !"#$%&"'"()*+,&*-,'".$/"&*0&,1&2'*0,3%4%"5
  • 6(7"&8&%)%(1*%55$"5

– 97:%4"*,(*200&,24- – ;<2'03"*'")&%45 – =-"(*3"(7"&*5)2(72&75*:2&/

slide-13
SLIDE 13

2/%3"*45

!"#$%&"'"()*+,&*-.*-,/%0%"1

  • !"#$%&'($)&(*+",#,-

–."/+&*0%&'()#12#*%0%&'($ –345)0226'70+8 –9'+#):'6)$"/6#*&2&#(%$)7;),#7#+'2#6$ –<06=&(>)2'+&*&#$)/=)0*%&7&%=)%=2#?26'>60@)'6)2

  • B5.CD)7$;),#7#+'2@#(%E)F&>F#6)*'$%)06#0$E)#%*;

6'A#*%

slide-14
SLIDE 14

!"##$%&'(")*+%),-"'.**$*#)%/"'0"1"-*

  • !"#$%&'$())*&)

– +,#-(.&$#-$/0,1&/$2*'&,)3$2#/4$5/'6(70.8$09:$.#"&,$&9:$#-$,091&

  • ;40/$709$/'6(70.$09:$5<(9(<*<8$2*'&,)$0--#,:

– +,(7(91$#-$5/'6(70.8$)/0,/&,$4#<&

  • =&&/(91$6,#6&,/'$)/09:0,:)$09:$0:&>*0/&$)*66.'$0?0(.02.&
  • @))()/097&$)4#*.:$2&$0:&>*0/&$/#$2,(:1&$/4&$106

23

+*,740)(91$ +#"&, =0,%&/$ +,(7(91

slide-15
SLIDE 15

! !"#$%&'%()%*))%'$")+*%&',-.

" /+'-$0)-&%+#$,'1%2#3%4560776

! 2#-8%*)$%9,-,9:9%)3;)<$#$,'-=%>:8)+%9:*$%>)%?:#@,A,)&%$'%*;)-&%4B604C6 $'(#+&%9'+$.#.)

" D#<E0)-&%+#$,'1%2#3%7560F76

! 2,-,9:9%)3;)<$#$,'-%&')*-G$%.)-)+#@@8%9#E)%*)-*)=%-'$%$+8,-.%$'%A'+<) >:8)+*%$'%"#H)%'$")+%&)>$

!"#$%&%'('")*+$(%',-

./'#$*01

slide-16
SLIDE 16

! !"#$"%&''()'%'"*+,-%.(%$*/'#-(0(-%1*0%+/-(020#)#/34 ! 5&0)%6%-(1#/#)#*/%*1%&''()'%#'%+/$"&/3(-

" 7/$*8(%-()(08#/&)#*/%')#,,%,**9'%&)%/*/:$&'"%&''()'%;(<3<%$*,,($)#.,('=%*)"(0%0(&, (')&)(>%&/-%)&?:@0(1(00(-%&$$*+/)'%;(<3<%ABC;9>=%7DE=%"(&,)"%'&F#/3'%&$$*+/)'=%6GH $*,,(3(%'&F#/3'>

! I*')%5J'%(?$,+-(%)&?:@0(1(00(-%&$$*+/)'%*/,K%$*/'#-(0%L,#M+#-%&''()'N%1*0 +/-(020#)#/3%@+0@*'('

" O/,K%&''()'%)"&)%&0(%0(&-#,K%$*/F(0)(-%)*%$&'" " P*/Q)%8&9(%&%R7%.+K(0%-0&#/%)"(#0%0()#0(8(/)%)*%.+K%)"(#0%"*+'(

!""#$"

%&'(#)*+

slide-17
SLIDE 17

" M/#(9$9$@%(&&/'&%"5%;<=+=== " OP%'"%6*"7//)

! I-./*%!

" K9:-9)%(&&/'&%"5%;<+=== " G-&'%9$1/&'%('%2/(&'%;F+=== " M/#(9$9$@%(&&/'&%"5%;NF= " !"#$%&'()*)+,$'#$#-).$#)/+

1(),+$23

0..+#.

! !"##"$%&'($)(*)&+%,-./*%#-&'

" 0$1/&'%('%2/(&'%34%"5%6-*78(&/%6*97/ " 0$1/&'%($.%29:-9)%(&&/'&%"1/*%;<=+=== '">(*)%6-*78(&/ " ?(1/%*/#(9$9$@%29:-9)%(&&/'&%/:-(2%'"%AB #"$'82.%#"*'@(@/%6(.#/$'

CB(#62/&

" D-*78(&/%6*97/E%;3<F+=== " G"$'82.%D0H0%6(.#/$'E%;3+===

!

! I-./*%J

" K9:-9)%(&&/'&%"5%;F+=== " K/&&%#9$L%9$1/&'#/$'%"5%3+<F= " M/#(9$9$@%(&&/'&%"5%;A+NF=

! G-&'%,/%('%2/(&'%;A+===

" OP%'"%6*"7//)

! I-./*%I

" K9:-9)%(&&/'&%"5%;<F+=== " G-&'%9$1/&'%('%2/(&'%;F+===

slide-18
SLIDE 18

" 5"7,4($-%#-$7,3,#-$")$)0#2'%$"8$#'0)-04#,")$*%B77$-2::"'#

! C%)=%'$30($;%$*,77,).$#"$9"&%'7%&%'0.%<$0$7"*D,)4"3%$;2(%'E$%F.F$")7($7""G$0#$;04GD%)=$'0#," %&%)$#+"2.+$+"2-,).$'0#,"$,-$9%H4%--,&%<$2)=%'$56$-#0)=0'= ! C%)=%'$30($")7($"88%'$;2(%'$0$-2;:',3%$7"0)

" I3:"'#0)#$#"$04G)"*7%=.%$0)=$4"332),40#%$2:$8'")#E$#%3:%'$%H:%4#0#,")-

,$%-./01

!"#$%&'(%)*+

! !"#$%&%'(")%$*+"$,-$!"#$%&'&(!)!*(& ,-$.",).$#"$+,-(!./

" /0($'%12,'%$3"'%$0--,-#0)4%$#+0)$56$077"*- " /0($)"#$+0&%$-288,4,%)#$0--%#- " /0($)"#$1207,8($8"'$9'%-:")-,;7%<$3"'#.0.%

! !"#$%&%'(")%$*+"$0$7%)=%'$1207,8,%-$*,77$1207,8($2)=%'$56$-#0)=0'=-

" >?/@$,-$-2;-,=,A,).$#+%$:2'4+0-%$#'0)-04#,")

slide-19
SLIDE 19
  • !"#$%&%'()*+,-.#.'

– /'0+",1'2)3--4025566671+80"9',&%8#81'7.+:5#0;<1&4=563#-<%0<#<>"#$%&%'(<9+,-.#.'<'8<?@AB5

  • C,)D++.$')EFGHI)!"#$%&%'()*+,-.#.'J
  • !*)0-#8(#,()#$+8')9#K)0-%$$)#$$+6

– I#$$++8)$+#80L)E3%.3J)%8-','0-),#-'0

  • M+9')$'8(',0)'N'94-'()&,+9)0-#8(#,(L)-'138%1#$$K)E1#88+-J)%00"')#)!*

– O+-#=$K)0-#-')PGQ0L)RMSQ)(%,'1-)$+#8)TRMSQ)%0)#1-"#$)$'8(',UL)P#=%-#-)&+,)P"9#8%-KL)'-17 – V+.%1)6#0)-3'0')$'8(',0)#,')#1-%8.),'04+80%=$K)-+)='.%8)6%-3)T$'00)%8)8''()+&)+:',0%.3-U

  • M+)%94+,-#8-)&+,)HW0)-+)0'-)$%9%-0)#8()8+-)E+8$KJ),'$K)+8)!*)0-#8(#,(

– V%9%-0)+8)%8-','0-),#-'0 – V%9%-0)+8)$'8(',)&''0)T'7.7)XYZ)+&)$+#8)#9+"8-U – F+80%(',)$%9%-0)+8)=#$$++80

!"#$%&#'()"*+"&,'&-

.)',"*/0

slide-20
SLIDE 20

*,-+$'./

! N,/&..J%O=K%."&$,%&(+%E+."L%#&(I+37%,"%,'(+&0%#&J%E+%&%E-3%*-5*+(

!"#$%$&#'()#$'*#)"+)%+&

! !"##"$%&''("&)*+,%-$)./0+1

" 2"3%4*-5*+(%'(-)+06%."&$7%-8+8%#"(+%3*&$%98:;%"<+(%==>?!@!=AB%-$0+C

! *33',1@@DD-+)8)D'E85"<@3"".,@(&3+F,'(+&0

" G-3*-$%9F98:;%"D%=(+00-+%H&)%G++I.J%K<+(&5+

! *33'1@@LLL8D(+00-+#&)8)"#@'##,@

" G-3*-$%M;%"D%,3&3+%*"/,-$5%D-$&$)+%&5+$)J%'("0/)3

slide-21
SLIDE 21

" I"-+#()1'-)-"-*2)*-#*$ " 8#/'%#)*BB-'*,0#$)*-#)*22'A#+>)&(,2"+&(3)C&*)B0'(#>)J9?B#>)A#.@ .*$#+)B2*%1'-/$

*'(+&,-.

!"#$%&'($)

! !"#$%&'($)*(+),'(,#-($)*.'"%)/#%0'+)'1),'"($#2&(3)'(,# 456)7'"($#2&(3)8"2#)%*9#$)1&(*2)#11#,%

" :$)'1):"3;)<=<=>)*22),'"($#2&(3).?)456@,#-%&1&#+),'"($#2'-)A'-9&(3 1'-)456@*BB-'C#+)*3#(,?

! 7'"($#2&(3)B-'3-*/D$%*(+*-+$)+')EFG)-#H"&-#)*22),'"($#2&(3 .#)&(@B#-$'()&()*)3&C#()2',*%&'(

slide-22
SLIDE 22

0.&"#)11

!"#$%&'()*+,$-#.+/-

  • !""#$%&&'''(!)*+,-!./0+(1/23&#4304.5$&!3)$1/06-3)/$+71/0&
slide-23
SLIDE 23

/"%0.'12

+%#&3*,#%""*)1#4)%;*//#"%)#)*"*))'(/1#*&;D

!"#$$%$&'()*'+),$-."%$&

! !"#$%&#'()*'+,#*-./&.$01#/&')&#*/&'2(./3.$0#)*('&.%$/3.4/ 5.&3#6789'44)%:*+#;%<$/*(.$0#'0*$;.*/#$%5

"8./;<//#&.=.$0#%"#)<(*1#')*#&3*.)#/&'""#'()*'+,#;*)&.".*+#>&*/& 3'/#2**$#':'.('2(*#"%)#?#,*')/@A#!"#$%&1#5.((#&3*,#2*#.$#&.=*A "8./;<//#BC#$**+/#'$+#;%$;*)$/1#*D0D#53'&#)*=%&*#'44)%';3*/

slide-24
SLIDE 24

! !"#$%"&%#$'(%)**+,(%)*-'./0(%)'11%-*%2"(#*3%#"%456%789$/.:* ! 6*;*1"2'.:%/%(/<21*%=>%2"1'9?%@%A.3*0)0'#'.:%#""1%&"0%2"(#'.:%'.%#$* 456%789$/.:* ! B.C2*0(".%$"<*-A?*0%20":0/<%#0/'.'.:%'.%DEFG%HI03JK#$ !"# $%&'"

" DC3/?%$/.3(C".%(*(('". " B.#0"3A9*%-A?*0%A.3*0)0'#'.:L%2/0#'9'2/.#(%A(*J/221?%#""1(%/.3%(/<21*( " M*1/#'".($'2%#"%20":0/<%3*(':.L%'.91A3'.:%0*(/1*J0*9/2#A0* " N*/;*%)'#$%</0+*3CA2%2"1'9?L%A.3*0)0'#'.:%#""1L%(/<21*%)0'##*.%/:0**<*.#

!""#$#%&'()*+,%-./+,)0('&&+"

1(#"+)23

slide-25
SLIDE 25

63$7"&89

!"#$"%&'()*&+,-.&+(/"0)1"*&2(3$4$"5

! !"#$%&'()(*+,-+.("/(0"%*(1"2+3%0+*(4"5-&-+6(/"*(&"245-)#&+

" 7".#5")$('1+(&1+&85-6'(9 -#('"$)0:6(.+3-#)*(2)'+*-)56(;)#$(.-55(3+ 4"6'+$('"(<=7(>?&1)#@+('""A

! B+2+23+*C(<=7(*+@%5)'"*0(*+D%-*+2+#'(4*",-$+6() /*)2+."*8C(3%'('1+(EF($+'+*2-#+6('1+(64+&-/-&(*+D%-*+2+#'6 )#$(2+'*-&6(;+G@GC(2)?-2%2(/*"#'H+#$(*)'-"A

slide-26
SLIDE 26

,-*.$%/0

!"#$%&'$%()*&*"&*+$

  • !"#$%%#&"'()*+,"#-."#%+/+-0#(1#2"3+*$&0
  • 4(*0+5"&#%('$%6&")+(*$%#'((&5+*$-+(*7#"8)8

–9&$5"#$00('+$-+(*07#"8)8#:4;<#&")+(*$%#/""-+*)0 –=%$*#0"00+(*0#$-#0-$-"#.(>0+*)#'(*1"&"*'"0 –9$%?#-(#@+"%5#A11+'"#$3(>-#+*'%>5+*)#+*#)&$*-""#/""-+*)06'$%%0

slide-27
SLIDE 27

'()*+%,-

!"#$%&$

  • !"#$%&"'(

–)$*%+,-+./'+012+34567%*"+0893+"#7$:+:$(; –<7;56+./'+.,;,'"+;'7$%$%*=+*,$&7%5"=+;//:(=+";5> –?'$".+"@7:,7;$/%(+./::/A$%*+A"B$%7'

  • C67%D+E/,+./'+E/,+;$#"+7%&+7;;"%;$/%

–F%&+E/,'+A/'D+$%+E/,'+5/##,%$;E