HOMESITE MAP | SEARCH | CONTACT    Facebook

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

July 19, 2013
Important Notice: Homebuyer Education Certificates

Effective for loans reserved on or after 07/19/2013.

Due to recent compliance issues, the following policy is being re-enforced:
All Borrower’s on the Note and DOT’s must attend homebuyer education or have taken the online MGIC homebuyer education course PRIOR to making a reservation of funds with the Commission.

If a reservation for funds is made in Mitas BEFORE the borrower(s) has attended a Commission Sponsored Homebuyer Education Seminar or taken the MGIC online homebuyer education course, the current reservation will be considered invalid, and will be subject to worse case pricing. No exceptions.

Lenders are no longer required to request an exception to use the MGIC online homebuyer education course at: http://homebuyers.mgic.com. Once the Borrower has completed the class, use the MGIC certificate number when registering a loan on Mitas. Include a copy of the MGIC certification in the Pre-Closing Compliance package.

Please see pages 6.1 and 6.5 of the Program Manual for updates.

Please feel free to contact me to answer any questions you may have regarding this Program Announcement.

Dee Taylor
Director, Homeownership Division

    

 
Home | About | ADA | 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 | 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
©1998-2022 All Rights Reserved