Lender Guidelines: 8.1 Changes in Current Income

Income eligibility is based upon the current family income of the borrower(s). The commitment is issued based on verified income as of the date the commitment is issued. Increases in income from sources already reported (i.e., salary increase) will not affect the validity of a commitment if the loan closes within 30 days from the time the commitment was issued. If a borrower’s income increases [...]

Lender Guidelines: 7.3 Electronic Submission of Required Documents

The Lender Portal allows Lenders to submit electronic documents. Paper documents will not be accepted. All documents must be uploaded electronically through the Lender Portal. Select the desired form and ensure all required fields are completed. The system will auto-fill the fields that were input at loan registration.If the applicable form requires a signature, the form must be completed, [...]

Lender Guidelines: 7.2 Reservation, Compliance and Closing Steps

See this https://www.tsahc.org/public/upload/files/general/TSAHC_Step_by_Step_Loan_Reservation_Compliance_Procedures.pdf Step by Step Procedures document to help with the details of the loan process. Below is an overview of the overall process. Step 1: Loan Registration, Lock or Float and Download Documents For a complete step-by-step [...]

Lender Guidelines: 2.1 Eligible Borrowers

A “Home Sweet Texas” eligible borrower is a person who at the time of loan application and loan closing has income no greater than the applicable maximum income for the Home Sweet Texas Program found on TSAHC’s website at http://www.tsahc.org/ www.tsahc.org or the Lender Portal at http://www.bayviewtpo.com www.bayviewtpo.com. A“Texas Hero” eligible borrower is a person who at the time of [...]

Lender Guidelines: 7.1 Lender Portal

The Lender Portal is an interactive, web-based application that Lenders use to reserve funds and submit Pre- and Post-Closing Compliance Packages. In addition, the Lender Portal allows Lenders to check the status of loans in their pipeline, view compliance conditions, print compliance approval (commitment) letters, run reports, view program guidelines and marketing materials, and keep up to date [...]