HOME+PLUS
Product Support for Lenders
HOME+PLUS
Product Support for Lenders
HOME+PLUS
Product Support
for Lenders
for Lenders
NEW UPDATE
NEW UPDATE
CLICK FOR IMPORTANT HOME PLUS PROGRAM UPDATES
LENDER UPDATES
Home Plus Product Update, News, & Information
There are changes to the following lender training document PDFs.
- “Product Training”
- “Program Disclosure”
- “Where to Obtain and How to Generate Home+Plus Closing Documents”
Click Here To Go To The Training Section.
Just a couple quick notes as we close-out 2020…
LENDERS: Our updated AzIDA HOME+PLUS Program Guidelines (v1/1/2021) have been posted and can be found under the “Program Documents” tab on our Lender – Online Home Plus Portal: https://lenders.housing.az.gov – System credentials are required.
Within those guidelines are two recent updates from our master servicer US Bank.
1) Effective December 11, 2020: US Bank has eliminated their FHA overlay requiring 640-659 borrowers to be on their current job for 6-months. The one-month reserve overlay is still in effect. (Click HERE for US Bank Supporting PDF Document)
2) Effective January 1, 2021: the minimum credit score on manufactured homes will be 680. This applies to both FHA and Fannie HFA Preferred manufactured home options.
As we leave 2020 behind and look forward to 2021, I want to thank all of you for your support and active involvement in the AzIDA HOME+Plus program. Despite the headwinds of 2020, the HOME+Plus program has had a record-breaking year (having provided down payment and closing cost assistance to over 7,000 new Arizona homeowners) and all signs point to continued success in 2021.
As you build out your 2021 game plan, please know I am available to speak at any Realtor outreach, event, function, etc… I will be participating in some local events and speaking engagements. Looking forward to seeing all of you in 2021.
Be safe and enjoy your Holidays!
Dirk Swift Docu
EFFECTIVE JANUARY 1ST, 2021,
the three HOME Plus non-forgivable DPA options will no longer be available. The last day to make new reservations using one of the three existing non-forgivable DPA options will be December 31, 2020.
The non-forgivable DPA program has been a success and fulfilled a need within the marketplace. Despite this, some of the geographic and income limitations of the non-forgivable options hampered a broader use throughout Arizona. We are looking into ways to potentially create a new hybrid non-forgivable DPA option that builds upon the current program while expanding borrower eligibility. And of course, our seventeen existing HOME Plus forgivable DPA options will be active and available now and into 2021.
To say 2020, has been a unique year is an understatement. Yet, despite the COVID crisis and all the challenges, AzIDA via the HOME Plus program will assist a record number of Arizonans become new homeowners. By year-end 2020 we will have provided down payment and closing cost assistance to over 7,000 new homeowners. This would not be possible without your help. Thank you!
I truly value your partnership and will continue to work with you to deliver the best DPA products to the marketplace in the most efficient and effective manner possible.
EFFECTIVE SEPTEMBER 1ST 2020 –
Home Plus Non-Forgivable DPA Update, and Income Limit Change Update
We are pleased to announce the expansion of our HOME+Plus non-forgivable 5% DPA options to Pinal and Pima Counties.
Effective September 1, 2020, our three FHA, Fannie Mae, and Freddie Mac non-forgivable 5% DPA options will now be available in Maricopa, Pinal, and Pima Counties.
In addition to expanding the geographic availability of the non-forgivable DPA options, the borrower(s) income limit will be set at $62,240 for properties in Maricopa and Pinal Counties, and $54,720 for properties in Pima County.
To date, the HOME+Plus non-forgivable 5% DPA options have fulfilled an essential need within the marketplace. At year-end, we will revisit the totality of these non-forgivable DPA options and determine our go-forward plan for 2021.
Changes to Fannie Mae & Freddie Mac – 80% AMI (Area Median Income)
The 80% AMI (Area Median Income) figures are set by Fannie Mae and Freddie Mac. These 80% AMI limits apply to all DPA programs and mirror the 80% AMI limits on HomeReady and HomePossible.
Since the Fannie Mae HFA Preferred product is a version of HomeReady and the Freddie Mac HFA Advantage is a version of HomePossible, our 80% AMI limits are subject to the effective change dates as determined by Fannie and Freddie.
- On 6/20/2020 the new 80% AMI income limits will be implemented in DU. DU will apply the 2020 limits to new casefiles created on or after 6/20/2020.
- On 7/12/2020 the new 80% AMI income limits will be implemented in LPA. LPA will apply the 2020 limits to new casefiles created on or after 7/12/2020.
- The 80% AMI income limit will be reflected on your Fannie HFA Preferred DU findings or your Freddie HFA Advantage LPA findings.
Again, these changes and their effective date are driven by Fannie and Freddie. As such, we will follow and adhere to the 80% AMI limit based on the casefile run date and not the date of the HOME Plus reservation. Lenders should always follow the 80% AMI limit on the respective DU or LPA findings.
We will have a pipeline of transactions to work through with different income limits based on your specific casefile date. We will make the necessary updates within our Program Guidelines, Program Summary, and websites in mid-August.
HOME Plus borrower income limit will increase to $109,965.
- The Fannie & Freddie 80% AMI figure and the income limits on the non-forgivable DPA options will remain unchanged for now.
Through our new partnership with Mountain West Financial (wholesale) the AzIDA HOME Plus program is now available to mortgage brokers throughout Arizona.
Also, as a reminder,
- ALL the HOME Plus DPA options are active and available.
- We have not had any delays in service or funding.
Please feel free to reach out to AzIDA HOME Plus if you have questions or concerns and let us provide you with the correct information directly. With so much uncertainty during this global health crisis, we want to ensure our partners are accurately informed about our operations.
Program Summary
The HOME+PLUS Program Summary provides a brief outline of the rules and requirements for the AzIDA DPA program. This summary is a complement to and not a substitute for the full AzIDA HOME+PLUS Program Guidelines. The full program guidelines as well as other program supporting documents can be found under the Program Documents tab on our HTS/Emphasys-Lender Online system: https://lenders.housing.az.gov
Our HTS/Emphasys-Lender Online system requires log in credentials and is available to approved, participating mortgage lenders only. Each HOME+PLUS approved mortgage lender is provided full administration access to the HTS/Emphasys-Lender Online system. Users under the system do not need to take mandatory training to receive credentials, your internal management team simply assigns them. If you do not know who within your origination has administrative access for our system please contact Dirk Swift at Dirk@HomePlusAZ.com

– Lender Training:
Each approved, participating lender, has delegated authority in determining who within their origination participates in the HOME+PLUS program and to what level of involvement they will have. As such, training is not a mandatory AzIDA requirement however, it is strongly recommended.
To schedule group training, either onsite in-person or webinar based, please contact Dirk Swift at Dirk@HomePlusAZ.com
We Have Prepared Training Documents For Lenders.
There are a total of 9 sections that have been created for you. These have been processed as PDF files for you to view / print. Clicking link below will take you to a new page with these documents. We recommend you open/read in order.
– Interest Rates:
The interest rates for the respective underlying 1st mortgages are set by AzIDA and are the same for each program approved participating lender. Our interest rates follow the market and are subject to the same daily fluctuations as mortgage interest rates outside the DPA program. The HOME+PLUS interest rates are provided on a daily basis and are available to program approved participating mortgage lenders in three formats:
Under the Bulletin Board tab within our HTS/Emphasys-Lender Online system – log in credentials required
Within the Optimal Blue site
Via direct email from the HTS team
To be included in the daily email distribution please contact Dirk Swift at Dirk@HomePlusAZ.com
– Marketing Material:
In an effort to promote and increase program awareness we provide marketing materials for mortgage lenders and Realtors.
– Payoffs, subordinations and other DPA lien information:
US Bank is our master servicer and has full delegation in the servicing of our AzIDA HOME+PLUS DPA 2nd liens.
US Bank is the servicer of both the 1st mortgage and HOME+PLUS DPA 2nd lien. The payoff statement from US Bank on the first mortgage will also include the required payoff on the HOME+PLUS DPA lien (listed as RCA: Recoverable Corporate Advance). They provided ONE payoff statement for both the first mortgage and AzIDA DPA 2nd lien. Upon receipt of the payoff funds, US Bank will also handle the release of the DPA 2nd lien.
Additionally, the current balance of the AzIDA HOME+PLUS assistance is included on the / your monthly mortgage statement from US Bank, again, listed as RCA: Recoverable Corporate Advance.
Finally, we do not subordinate or provide exceptions to the repayment terms on our HOME+PLUS DPA 2nd liens.
– HOW to Become an Approved Home Plus Mortgage Lender:
To become a HOME+PLUS participating mortgage lender, your company must be approved by our master servicer, US Bank under their Home Mortgage Housing Finance Agency Division and execute a Mortgage Origination Agreement with AzIDA. US Bank does not allow or accept third party originations and as such cannot directly or indirectly accept brokered business.
There is no application fee to sign up to become a participating lender in the AzIDA HOME+PLUS program. Please contact Dirk Swift at Dirk@HomePlusAZ.com
to request an application.
– Lender Portal at Az.Gov: login required
The Lender Portal and access to HOME PLUS LENDER ONLINE (HPLO) is available to approved HOME PLUS Mortgage Lenders only. User credentials are needed for access and are assigned internally by the lender’s designated system administrator. Contact Dirk Swift to learn more and setup an HPLO portal account.
Stay Updated & Informed
On Average, We Send One Email Per Month. You Can Unsubscribe At Any Time.
Program Summary
The HOME+PLUS Program Summary provides a brief outline of the rules and requirements for the AzIDA DPA program. This summary is a complement to and not a substitute for the full AzIDA HOME+PLUS Program Guidelines. The full program guidelines as well as other program supporting documents can be found under the Program Documents tab on our HTS/Emphasys-Lender Online system: https://lenders.housing.az.gov
Our HTS/Emphasys-Lender Online system requires log in credentials and is available to approved, participating mortgage lenders only. Each HOME+PLUS approved mortgage lender is provided full administration access to the HTS/Emphasys-Lender Online system. Users under the system do not need to take mandatory training to receive credentials, your internal management team simply assigns them. If you do not know who within your origination has administrative access for our system please contact Dirk Swift at Dirk@HomePlusAZ.com
Lender Training
Each approved, participating lender has delegated authority in determining who within their origination participates in the HOME+PLUS program and to what level of involvement they will have. As such, training is not a mandatory AzIDA requirement however, it is strongly recommended.
To schedule group training, either onsite in-person or webinar based please contact Dirk Swift at Dirk@HomePlusAZ.com
- We Have Prepared Training Documents For Lenders.
Interest Rates
The interest rates for the respective underlying 1st mortgages are set by AzIDA and are the same for each program approved participating lender. Our interest rates follow the market and are subject to the same daily fluctuations as mortgage interest rates outside the DPA program. The HOME+PLUS interest rates are provided on a daily basis and are available to program approved participating mortgage lenders in three formats:
Under the Bulletin Board tab within our HTS/Emphasys-Lender Online system – log in credentials required
Within the Optimal Blue site
Via direct email from the HTS team
To be included in the daily email distribution please contact Dirk Swift at Dirk@HomePlusAZ.com
Marketing Material
In an effort to promote and increase program awareness we provide marketing materials for mortgage lenders and Realtors.
Payoffs, subordinations
and other DPA lien information
US Bank is our master servicer and has full delegation in the servicing of our AzIDA HOME+PLUS DPA 2nd liens.
US Bank is the servicer of both the 1st mortgage and HOME+PLUS DPA 2nd lien. The payoff statement from US Bank on the first mortgage will also include the required payoff on the HOME+PLUS DPA lien (listed as RCA: Recoverable Corporate Advance). They provided ONE payoff statement for both the first mortgage and AzIDA DPA 2nd lien. Upon receipt of the payoff funds, US Bank will also handle the release of the DPA 2nd lien.
Additionally, the current balance of the AzIDA HOME+PLUS assistance is included on the / your monthly mortgage statement from US Bank, again, listed as RCA: Recoverable Corporate Advance.
Finally, we do not subordinate or provide exceptions to the repayment terms on our HOME+PLUS DPA 2nd liens.
HOW to Become an
Approved Home Plus Mortgage Lender
To become a HOME+PLUS participating mortgage lender, your company must be approved by our master servicer, US Bank under their Home Mortgage Housing Finance Agency Division and execute a Mortgage Origination Agreement with AzIDA. US Bank does not allow or accept third party originations and as such cannot directly or indirectly accept brokered business.
There is no application fee to sign up to become a participating lender in the AzIDA HOME+PLUS program. Please contact Dirk Swift at Dirk@HomePlusAZ.com to request an application.
Lender Portal at Az.Gov
login required
The Lender Portal and access to HOME PLUS LENDER ONLINE (HPLO) is available to approved HOME PLUS Mortgage Lenders only. User credentials are needed for access and are assigned internally by the lender’s designated system administrator. Contact Dirk Swift to learn more and setup an HPLO portal account.
Stay Updated & Informed
On Average, We Send One Email Per Month. You Can Unsubscribe At Any Time.
Program Summary
The HOME+PLUS Program Summary provides a brief outline of the rules and requirements for the AzIDA DPA program. This summary is a complement to and not a substitute for the full AzIDA HOME+PLUS Program Guidelines. The full program guidelines as well as other program supporting documents can be found under the Program Documents tab on our HTS/Emphasys-Lender Online system: https://lenders.housing.az.gov
Our HTS/Emphasys-Lender Online system requires log in credentials and is available to approved, participating mortgage lenders only. Each HOME+PLUS approved mortgage lender is provided full administration access to the HTS/Emphasys-Lender Online system. Users under the system do not need to take mandatory training to receive credentials, your internal management team simply assigns them. If you do not know who within your origination has administrative access for our system please contact Dirk Swift at Dirk@HomePlusAZ.com
Lender Training
Each approved, participating lender has delegated authority in determining who within their origination participates in the HOME+PLUS program and to what level of involvement they will have. As such, training is not a mandatory AzIDA requirement however, it is strongly recommended.
To schedule group training, either onsite in-person or webinar based please contact Dirk Swift at Dirk@HomePlusAZ.com
- We Have Prepared Training Documents For Lenders.
Interest Rates
The interest rates for the respective underlying 1st mortgages are set by AzIDA and are the same for each program approved participating lender. Our interest rates follow the market and are subject to the same daily fluctuations as mortgage interest rates outside the DPA program. The HOME+PLUS interest rates are provided on a daily basis and are available to program approved participating mortgage lenders in three formats:
Under the Bulletin Board tab within our HTS/Emphasys-Lender Online system – log in credentials required
Within the Optimal Blue site
Via direct email from the HTS team
To be included in the daily email distribution please contact Dirk Swift at Dirk@HomePlusAZ.com
Marketing Material
In an effort to promote and increase program awareness we provide marketing materials for Mortgage Lenders and Realtors.
and other DPA lien information:
US Bank is our master servicer and has full delegation in the servicing of our AzIDA HOME+PLUS DPA 2nd liens.
US Bank is the servicer of both the 1st mortgage and HOME+PLUS DPA 2nd lien. The payoff statement from US Bank on the first mortgage will also include the required payoff on the HOME+PLUS DPA lien (listed as RCA: Recoverable Corporate Advance). They provided ONE payoff statement for both the first mortgage and AzIDA DPA 2nd lien. Upon receipt of the payoff funds, US Bank will also handle the release of the DPA 2nd lien.
Additionally, the current balance of the AzIDA HOME+PLUS assistance is included on the / your monthly mortgage statement from US Bank, again, listed as RCA: Recoverable Corporate Advance.
Finally, we do not subordinate or provide exceptions to the repayment terms on our HOME+PLUS DPA 2nd liens.
Home Plus Mortgage Lender
To become a HOME+PLUS participating mortgage lender, your company must be approved by our master servicer, US Bank under their Home Mortgage Housing Finance Agency Division and execute a Mortgage Origination Agreement with AzIDA. US Bank does not allow or accept third party originations and as such cannot directly or indirectly accept brokered business.
There is no application fee to sign up to become a participating lender in the AzIDA HOME+PLUS program. Please contact Dirk Swift at Dirk@HomePlusAZ.com to request an application.
Lender Portal at Az.Gov
– login required
The Lender Portal and access to HOME PLUS LENDER ONLINE (HPLO) is available to approved HOME PLUS Mortgage Lenders only. User credentials are needed for access and are assigned internally by the lender’s designated system administrator. Contact Dirk Swift to learn more and setup an HPLO portal account.
Stay Up To Date & Informed About The Home Plus Program
Lender Marketing Materials
Download Product Marketing Sheets
All program marketing sheets are within a single high resolution PDF. The PDF file will be downloaded via a ZIP file. Each sheet is letter size (8.5″ x 11″). Your marketing department will be able to open each sheet within your selected design software in order to place your logo and contact information.
If you need custom layout
or print support, please contact: Marketing@HomePlusAZ.com
The program lender marketing materials are for use by lenders and their respective company / institution to promote the Home Plus program. There is space for lender contact and brand information. Do not modify, edit, change content outside of the lender brand area.
For assistance, please contact: Marketing@HomePlusAZ.com
Marketing Materials
Download Marketing Product Sheets
All program marketing sheets are within a single high resolution PDF. The PDF file will be downloaded via a ZIP file. Each sheet is letter size (8.5″ x 11″). Your marketing department will be able to open each sheet within your selected design software in order to place your logo and contact information.
If you need custom layout
or print support, please contact:
Marketing@HomePlusAZ.com
The program lender marketing materials are for use by lenders and their respective company / institution to promote the Home Plus program. There is space for lender contact and brand information. Do not modify, edit, change content outside of the lender brand area.
For assistance, please contact: Marketing@HomePlusAZ.com
Lender
Marketing Materials
Download Marketing Product Sheets
All program marketing sheets are within a single high resolution PDF. The PDF file will be downloaded via a ZIP file. Each sheet is letter size (8.5″ x 11″). Your marketing department will be able to open each sheet within your selected design software in order to place your logo and contact information.
If you need custom layout
or print support, please contact: Marketing@HomePlusAZ.com
The program lender marketing materials are for use by lenders and their respective company / institution to promote the Home Plus program. There is space for lender contact and brand information. Do not modify, edit, change content outside of the lender brand area.
For assistance, please contact: Marketing@HomePlusAZ.com
Download Media Guide and Logo Zip File
Logos for use in marketing of the Home Plus program with your company, banking, or mortgage institution.
These logos are property of the AzIDA and Home Plus Home Buyer Assistance Program. As a Home Plus Program Lender, you are entitled to use these logos to promote the Home Plus Product and your company / institution that offers this program. Please do not modify logos without first receiving the written consent of the Home Plus Program Administrator.
Download Media Guide
and Logo Zip File
Program Lenders