Information for Single-Family Lending and Real Estate Professionals
Program Announcement

June 16, 2014
Elimination of Adverse Market Fee /New Rate Option Available/Online Homebuyer Education Reminder

The Commission is pleased to announce the elimination of Fannie Mae’s Adverse Market Fee for all new Home Advantage and House Key loan reservations made on or after June 17, 2014.

On June 17, 2014, we will also begin offering a 0% origination rate option with a 2% lender SRP for Home Advantage. The borrower can still select the 1% rate option with a 1% lender SRP. Updates have been made to Section 12, page 12.3 of the manual. No additional origination or discount fees may be charged.

As a reminder, the Commission no longer accepts MGIC or Genworth homebuyer education certificates. If a borrower is unable to attend a Commission sponsored in-person class, an online option is still available but through a new vendor. Any borrower taking online homebuyer education after April 15, 2014 must use the new online course. Borrowers must use the course link provided on our website at The Commission will honor MGIC or Genworth MI certificates dated on or before April 15, 2014. Please review our Program Announcement dated 3/14/2014 for full details at


Home | About | CareersCommissioners | Contact UsEventsMy View Newsletter | Publications | Homeownership: Homebuyer Programs | Information for Lenders | Information for Real Estate Professionals | Information for Instructors | Multifamily Housing: 9% Housing Credit | Bond/Tax Credit | 80/20 Bonds | 501(c)(3) Housing BondsSpecial Programs: Energy | Farmer/Rancher | Nonprofit FacilitiesLand Acquisition Program | Property Managers: Asset Management and Compliance Information for Investors: Official Statements, Annual Reports, Interim Information |  Privacy Notice | Requests for Public Records
Washington State Housing Finance Commission 
1000 2nd Avenue, Suite 2700, Seattle, Washington 98104 | Phone: 206-464-7139 or 800-767-4663 | Fax: 206-587-5113 | Contact Us
©1998-2018 All Rights Reserved