Transcription of Home AdvantagePLUS Mortgage Program Guide
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Home AdvantagePLUS Mortgage Program Guide
NC Home Advantage MortgageTM. Program Guide North Carolina Housing Financing Agency 3508 Bush Street 1|P age Raleigh, NC 27609-7509. (919) 877-5700. NC Home Advantage Mortgage TM. Table of Contents __. 1. Introduction 5. 2. Definitions 8. 3. Lender Participation Guidelines 14. Lender Participation Guidelines 14. Online Lender Services System (OLS) 15. Record Retention 16. Annual Recertification Requirements 16. Program Guide Updates & Revisions 16. Master Servicer Contact Information 17. Lender Compensation 18. Lender's Responsibility to Report Violations 18. 4. Loan Eligibility Guidelines 19. NC Home Advantage Mortgage Loan Program Overview 19. Eligible Loan Types 20. Mortgage Insurance Coverage Requirements 21. Escrow Holdbacks 22.
NC Home Advantage Mortgage TM 6 | P a g e Rev 2/2018 Participating lenders must review, execute and understand the terms of the Mortgage Origination Agreement with NCHFA and the Master Servicer and this Program Guide prior to originating,
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