Lenders and Real Estate Professionals
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Information for Single-Family Lending and Real Estate Professionals
Program Announcement
March 24, 2020
Upcoming Rate Change for House Key Opportunity!
Dear Lending Partners:
Due to market volatility, House Key Opportunity rates will be increasing.
We currently have $1,500,000 left for reservations at today's rates. The new rates below will apply once these funds are fully allocated OR to reservations made on and after March 26, 2020 at 9:00 am PDT, whichever comes first.
3.625% - 1 point origination for FHA, VA and USDA loans.
For incomes at or below Fannie Mae or Freddie Mac 80% AMI:
3.875% -1 point origination for Fannie Mae HFA Preferred or Freddie Mac HFA Advantage.
For incomes above Fannie Mae or Freddie Mac 80% AMI and up to House Key income limits by county:
4.250% - 1 point origination for Fannie Mae HFA Preferred or Freddie Mac HFA Advantage.
Please note:
Existing reservations under other Commission programs cannot be cancelled and re-reserved to receive a lower rate. All other terms and conditions for House Key Opportunity still apply.
This notice only applies to the House Key Opportunity Program. The Home Advantage Program is not affected by this notice.
Program interest rates are market driven and can change at any time without advance notice. Current program rates are posted on our website.
If you have additional questions, please email Corinna Obar