Home At Last - Administrator’s Guidelines - 07/18/23

Sep 15, 2026

Uploaded by Sarah

Administrator’s Guidelines for the Home At Last Loan and Assistance Program, published June 28, 2012 and revised 07/18/23. The guide sets program scope, identifies participating parties including Nevada Rural Housing Authority, Participating Lenders, US Bank as Master Servicer, and eHousingPlus Program Administration, and defines contact paths. It details program requirements for eligible borrowers, mortgage insurance, compliance origination workflow, timetable, program fees, lender compensation, and required forms, plus a 2023 revisions table tracking updates.

LanguageEnglish

CategoryPresentations

FormatPDF

Pages39

Reading Time14 min

AccessFree to download

Revisions Table 2023

Nevada Rural Housing Authority Team

Contact Directory

Program Products

The Requirements

Eligible Borrowers

Mortgage Insurance

Summary of the Compliance Origination Process

Program Timetable

Loan Purchase Extension Fee

Program Fees

Lender Compensation

Program Forms

Administrator’s Guidelines Home At Last™ Loan and Assistance Program Published June 28, 2012 Revised 07/18/23 Updates are shown on Page 3 Nevada Rural Housing Authority Home At Last-Administrator’s Guidelines Page 2 TABLE OF CONTENTS REVISIONS TABLE 2023 3 NEVADA RURAL HOUSING AUTHORITY TEAM 4 CONTACT DIRECTORY 5 PROGRAM PRODUCTS 6 THE REQUIREMENTS 10 Eligible Borrowers 10 Mortgage Insurance 16 SUMMARY OF THE COMPLIANCE ORIGINATION PROCESS 20 PROGRAM TIMETABLE 26 Loan Purchase Extension Fee-Loan reservations prior to 01/01/23 26 PROGRAM FEES 27 LENDER COMPENSATION 28 PROGRAM FORMS 29 Nevada Rural Housing Authority Home At Last-Administrator’s Guidelines Page 3 REVISIONS TABLE 2023 Archived Revisions located on the last page of this guide | DATE | ITEM-EFFECTIVE IMMEDIATELY UNLESS OTHERWISE NOTED | PAGE(S) | | --- | --- | --- | | 02/15/23 | Revised Home Means Nevada and Buy in Nye Programs income limit Updated area not-eligible in the Program
Revised loan purchase extension fee | 13
14
25 | | 03/13/23 | Revised lender compensation | 27 | | 04/11/23 | Added Buy In Nye Program Closing Disclosure requirement | 9 | | 06/08/23 | Removed US Bank COVID requirements
Add new income limit chart | 10
13 | | 06/13/23 | Revised HAL income limit | 11 | | 07/18/23 | Revised Home Means Nevada
Revised Buy in Nye paragraph
Revised Home Means Nevada and Buy in Nye Second Loan Terms paragraphs Revised Reﬁnance Requirements paragraph
Revised Eligible Borrowers paragraph
Revised First-Cme Buyer Requirement paragraph
Revised Minimum Credit Score paragraph
Revised DTI Requirement paragraph
Revised Home At Last Income Limits secCon
Revised Maximum/Minimum Loan Amounts and/or Purchase Price secCon Revised Home Means Nevada and Buy in Nye Programs Income Limits secCon Revised Manufactured Housing Requirements
Revised About the Financing
Revised Second Mortgage Documents / Title Insurance / Mortgagee Clause Revised Reserve Reﬁ nance Loan secCon | 6 7
9
10
10
10
10
10
11
11
12
12
14
14
16
17
17
17
20 | Nevada Rural Housing Authority Home At Last-Administrator’s Guidelines Page 4 NEVADA RURAL HOUSING AUTHORITY TEAM Nevada Rural Housing Authority Sponsors the first mortgage and down payment assistance program, sets the rate, term and points, and markets the program, and provides program training to participating lenders. Participating Lenders Take applications, reserve in their own systems and the eHousingPlus Lender Portal, process, underwrite, approve, fund first mortgage and down payment assistance at closing, close and sell qualified loans to the program. Lenders are responsible for servicing program loans in accordance with Agency requirements until they’re purchased by the Master Servicer. US Bank Master Servicer Provides information on acceptable loan products and delivery and funding, receives all first mortgage files, reviews ﬁrst mortgage files, notifies lenders of ﬁrst mortgage file exceptions, approves ﬁrst mortgage files, purchases poolsand delivers loans, buys first mortgage and provides delivery certificate. eHousingPlus Program Administration Maintains the program reservation system, websites, and posts Administrator’s Guidelines, forms and training materials, provides system training, answers program and system questions, receives ﬁrst mortgage compliance files, reviews, posts and notifies of exceptions and approves compliance file. Nevada Rural Housing Authority Home At Last-Administrator’s Guidelines Page 5 CONTACT DIRECTORY 954-217-0817 or Toll Free (888) 643-7974 | Question | Option \# | email | | --- | --- | --- | | Lender On-boarding/Training (System) | Option \#4 | Click here | | Lender User Access (Credentials, Disabled Access, etc) | Option \#1 | Click here | | eHPay-Digital Payment of Compliance Fees | Option \#3 | Click here | | Program Eligibility Question

FAQs

What is the Home At Last Administrator’s Guidelines document for?

It provides administrator-level instructions for the Home At Last Loan and Assistance Program, including program requirements, workflow, fees, and required forms. It also includes a 2023 revisions table to track updates.

Who are the key parties involved in the Home At Last program?

The Nevada Rural Housing Authority sponsors the program and provides training. Participating Lenders handle applications, reservation, processing, underwriting, and closing, while US Bank serves as Master Servicer and eHousingPlus manages program administration systems and compliance file handling.

Where should lenders go for program questions and compliance file deficiencies?

The guide provides a contact directory for categories like lender onboarding/training and program eligibility questions. For deficiencies or missing documents, the instructions specify using the eHPortal reports and uploading only to Digital Docs rather than emailing deficiencies.

Sep 15, 2026

Uploaded by Sarah