2020

We are well into January, which means the New Year’s resolution season is in full swing. In that spirit, check out our ideas about how to become a better homebuyer or homeowner.

The NHD team joined up with Governor Sisolak and the Clark County School District to recognize the one-thousandth teacher to buy a home through HIP For Teachers.

Being a responsible homeowner means caring about things like pipes, HVAC systems, tree roots and dog poop.

The Home Is Possible For Heroes program helped Kelli Wilson buy the home of her dreams, complete with a yard for Penny.

Effective September 1, 2020 the HIP DPA program will change from a 3-year/30-year split second mortgage to a straight 3-year prorated forgivable second.

Delegated Lenders utilizing their own direct endorsement (DE) authority may complete their own Project Review without submitting the project for review to U.S. Bank Project Approval Department (PAD). Any DE Lender may use the new Single Unit Approval review as U.S. Bank will not be required to indemnify the loan. Any loan utilizing the Single Unit Approval will have a maximum LTV of 90% LTV (including MIP) due to the default risk.

HIP for Teachers program has been extended until Sept. 30, 2020. Loans must be reserved no later than this date.

Freddie Mac loans will be limited to income at or below the revised 80% AMI income limits..

U.S. Bank has compiled a list of frequently asked questions regarding policy updates as the relate to Coivd-19 The FAQ document will be dynamic and fluid. We encourage you refer to this document frequently for updates and edits.

Purchase price and income limits 2020 updates for program can be found at https://www.homeispossiblenv.org/page/first-time-homebuyer-income-purcha...