Lender FAQ: How do I sign up to become an approved lender?

We welcome mortgage lenders who are interested in participating in our https://www.tsahc.org/home-buyer-programs home buyer programs. To become an approved lender or renew your company’s participation, please see the forms on this page: https://www.tsahc.org/lenders/become-an-approved-lender [...]

Lender Guidelines: Appendix- Income Guidelines for Borrowers Receiving Bond DPA or MCC

These income guidelines apply to borrower(s) receiving: (1) Bond DPA or (2) an MCC (with Non-Bond DPA). These guidelines are required under Section 143 of the Internal Revenue Code and related regulations and rulings. Lenders and borrowers must meet these guidelines in order to receive the benefits of Bond DPA or an MCC. TSAHC is relying on the lenders and borrowers to provide correct [...]

Lender Guidelines: 10.2 TSAHC Reports

TSAHC must make quarterly reports on IRS Form 8330, beginning with the quarter in which the election for the MCC program is made. The report must include: Name, address, and TIN of the Issuer; Date of election; The sum of the products of the certified indebtedness amount (the mortgage amount or the initial principal balance) and the MCC credit rate for each MCC issued; and Name, [...]

Lender Guidelines: 10.1 Lender Record Keeping and Federal Report Filing

The Lender is required by the IRS to file a report on or before January 31 of such year for all MCCs issued during the previous calendar year. In early January, TSAHC will send the Lender the completed IRS Form 8329 with the MCCs issued the previous year. It is the Lender’s responsibility to verify that the information on the form is correct and, if necessary, make any changes or [...]

Lender Guidelines: 9.6 Replacement MCCs

Upon the satisfaction of TSAHC that an MCC has been mutilated, destroyed, lost or stolen, including the surrendering of the mutilated MCC to TSAHC, and upon receipt by TSAHC of such indemnity or security as TSAHC may require, TSAHC shall cancel the original MCC, noting in its records that such MCC was mutilated, destroyed, lost, or stolen, and issue a replacement MCC. TSAHC shall charge the [...]