Lender Guidelines: 3.4 Using Additional Subsidy Programs
Lender Guidelines: 3.4 Using Additional Subsidy Programs
Additional subsidy programs may be used in conjunction with TSAHC’s Programs provided they meet the applicable FHA, VA, RHS, Ginnie Mae, Fannie Mae, Freddie Mac and Lakeview guidelines, and provided that the subsidy funds are not attached to the first lien mortgage, either as a gift or as a second lien. Please contact TSAHC if you have questions about combining another subsidy program with TSAHC’s down payment assistance. Remember, if using TSAHC’s down payment assistance (whether Bond DPA or Non-Bond DPA) provided in the form of a grant (and not in the form of a second lien loan), then second lien assistance from other sources may be permitted in certain cases.
For access to the full TSAHC DPA & MCC Guidelines, please click here.