User Credential are issued only AFTER an authorized individual attends ALL Training Requirements. This includes Program Training and Workflow/Technical Training. Click here to get started: https://www.ehpuniversity.com/?page_id=4064
Click here to transfer your credentials: https://www.ehousingplus.com/moved/
If you have any questions regarding your lender credentials, please contact firstname.lastname@example.org
Requests for Changing a Product must be emailed to eHP with details of desired option as well as the reason for change. Remember, you will still need to make the timeline requirements of the original commitment. eHP will confirm within 24-48 hours. Naileth.Garcia@ehousingplus.com
Click here to register a loan: https://services.ehousingplus.com/Default.aspx
Please click here to verify your company is a Home Is Possible participating lender: https://www.ehousingplus.com/available-programs/nevada/nevada/
HIP For Teachers
The HIP for Teachers program is available through December 31, 2021. A lender would need to reserve the loan by this date. While we anticipate extending the program, an official announcement will be made 30 days prior to the end date.
Charter School Teachers are eligible for this program. Please click here for the State of Nevada’s current list of Charter Schools: https://charterschools.nv.gov/ForParents/SPCSA_Schools/
To be eligible for this program a homebuyer must be a licensed K-12 full-time public or public charter school classroom teacher. Administrative personnel, substitute teachers and private school teachers are examples of homebuyers who would be ineligible for this program.
Second Mortgage Payoffs
The second cannot be subordinated and must be paid off when refinancing the home.
U.S. Bank is the Master Servicer for all HIP first and second mortgages. The homebuyer can request a payoff at any time by calling U.S. Bank at 800-365-7772. Faxed payoff requests from customers or authorized third parties can be sent to U.S. Bank at 800-200-8772.
If the borrower or authorized third party would like to submit their payoff request via regular mail, please send to the following address:
U.S. Bank Home Mortgage
Attn: Payoff Department
3751 Airpark Dr.
Owensboro, KY 42301
A non-United States citizen who is lawfully residing in the United States is eligible for a mortgage. All non-United States citizen applicants must have current, acceptable documentation from the U.S. Citizenship & Immigration Services (USCIS) evidencing the person's legal residency status and authorization to be employed in the United States.
A permanent resident alien must hold a Green Card; I-551 Permanent Resident Card.
A Non-Permanent Resident Alien (NPRA) is a foreign citizen who is permitted to reside in the United States and may have been granted authorization to work by the U.S. Citizenship & Immigration Service (USCIS).
A Deferred Action for Childhood Arrivals (DACA) classification with the USCIS are granted to individuals who were brought to the United States as children and allows the individual to become eligible for a work permit in the United States.
Non-U.S. Citizens are underwritten to the same documentation requirements as U.S. borrowers.
All buyers (any person on the note/warranty Deed) must complete an approved homebuyer education course. A non-purchasing spouse (NPS) on title must complete a homebuyer education course. Cosigners are NOT required to take a class.
The Nevada Housing Division (NHD) has partnered with Freddie Mac to offer their CreditSmart homebuyer education course. Here is the link to the program: https://creditsmarttutorial.freddiemaclearning.com/
NHD will accept any other HUD approved homebuyer education course. Due to Fannie Mae requirements, beginning with loans reserved May 16, 2021, NHD will no longer accept Nevada Rural Housing Authority’s homebuyer education certificate for any HIP programs.
General Program Questions
If a homebuyer has used any HIP DPA program previously, they are ineligible for any further assistance.
A spouse does not have to be on the loan, but their income must be counted towards program limits.
Properties can be new or existing, one-four units, detached or attached, condos, townhomes and manufactured housing. Freddie Mac loans - one unit property only.
18% for LTVs ratios > 95% and <= 97%
16% for LTVs ratios > 90% and <= 95%
12% for LTVs ratios > 85% and <= 90%
6% for LTVs ratios > 80% and <= 85%
Yes – a homebuyer may purchase a home for more than the appraised value when using the HIP DPA programs. Remember, however, to always follow U. S. Bank and Agency underwriting guidelines.