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.
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.