Resources for Lenders

Resources for Lenders

Application to become an HMFA lender

Lender Bulletin Archive

2014 Bulletins
 
September 12, 2014 Police and Fireman's Retirement System Program (42k PDF)
September 5, 2014 Mortgagee Clause Update (33k PDF)
August 19, 2014 First-Time Homebuyer Program Interest Rate Decrease Announcement (35k PDF)
August 4, 2014 Police and Fire Retirement System (PFRS) Interest Rate Update (29k PDF)
July 11, 2014 Police and Fire Retirement System (PFRS) Updated Loan Checklist (31k PDF)
Attachment 1: Updated Loan Checklist (82k PDF)
June 16, 2014 Police and Fire Retirement System (PFRS) Term Sheet Update (31k PDF)
Attachment 1: Updated Term Sheet (144k PDF)
May 27, 2014 Police and Fire Retirement System (PFRS) Term Sheet Update (28k PDF)
Attachment 1: Updated Term Sheet (144k PDF)
May 6, 2014 Police and Fire Retirement System (PFRS) Section 11 Update (32k PDF)
Attachment 1: Updated Rate Sheet (143k PDF)
May 2, 2014 Police and Fire Retirement System (PFRS) Appraisal Update (32k PDF)
Attachment 1: Updated Rate Sheet (143k PDF)
April 30, 2014 Police and Fire Retirement System (PFRS) Fee Update - Modifies Previous April 10 Bulletin Info (36k PDF)
April 10, 2014 Police and Fire Retirement System (PFRS) Fee Update - Modifies Previous April 1 Bulletin Info (36k PDF)
April 1, 2014 Police and Fire Retirement System (PFRS) Fee Update - Modifies Previous March 28 Bulletin Info (43k PDF)
March 28, 2014 Police and Fire Retirement System (PFRS) Program Servicing Fee and Tax Service Fee Information (34k PDF)
Attachment 1: Updated PFRS Term Sheet (144k PDF)
February 24, 2014 First-Time Homebuyer Interest Rate Increase (32k PDF)
February 12, 2014 Police and Fire Retirement System (PFRS) Program Announcement (30k PDF)
Attachment 1: Updated PFRS Term Sheet (144k PDF)
February 11, 2014 First-Time Homebuyer Interest Rate Decrease (29k PDF)
February 10, 2014 Police and Fire Retirement System (PFRS) Mortgage Program Rate Update (30k PDF)
January 23, 2014 Interest Rate Decrease Announcement (32k PDF)
Maximum DTI Ratio (32k PDF)
New NJHMFA Purchase Price and Income Limits (28k PDF)
Attachment 1: Purchase Price and Income Limits - Statewide (39k PDF)
Attachment 2: Purchase Price and Income Limits - UTA (49k PDF)
2013 Bulletins
December 12, 2013 New First Payment Instructions (37k PDF)
August 20, 2013 Interest Rate Increase Announcement (30k PDF)
August 5, 2013 PFRS Interest Rate Increase Announcement (30k PDF)
July 18, 2013 Interest Rate Increase Announcement (31k PDF)
July 17, 2013 Electronic Signatures Announcement (37k PDF)
June 24, 2013 Interest Rate Increase Announcement (31k PDF)
June 17, 2013 Notice of Assignment, Sale or Transfer of Servicing Rights (31k PDF)
June 14, 2013 FHA Mortgagee Letter (31k PDF)
Attachment 1: FHA Mortgagee Letter 2013-14 (282k PDF)
Attachment 2: Smart Start FHA Letter (73k PDF)
June 12, 2013 New First Payment Instructions (33k PDF)
June 11, 2013 Interest Rate Increase Announcement (30k PDF)
May 30, 2013 Mortgage Loan Review and Purchase Requirements - REVISED (30k PDF)
February 19, 2013 Mortgage Loan Review and Purchase Requirements - REVISED (55k PDF)
February 15, 2013 Revised Underwriting/Purchasing/PFRS Checklist Documents (32k PDF)
Attachment 1: PFRS Checklist (71k PDF)
Attachment 2: HMFA Purchase Submission Documents Transmittal (71k PDF)
Attachment 3: Conditional Prior Approval Documentation Package (127k PDF)
February 13, 2013 Seller's Concessions - TYPO Corrected (39k PDF)
February 12, 2013 Determining Flood Insurance Deductibles (38k PDF)
Mortgage Loan Review and Purchase Requirements (64k PDF)
February 5, 2013 New NJHMFA Police and Fire (PFRS) Program Interest Rate - Effective February 15, 2013  (29k PDF)
February 2, 2013 New Requirements for Insurance Policies  (39k PDF)
January 11, 2013 New NJHMFA Income Limits Posted (21k PDF)
Attachment 1: Purchase Price and Income Limits - Statewide (44k PDF)
Attachment 2: Purchase Price and Income Limits - UTA (22k PDF)
2012 Bulletins
December 7, 2012 Condition of Loan Files Submitted (38k PDF)
Attachment 1: PFRS Term Sheet (114k PDF)
November 2, 2012 Properties Located in a FEMA Declared Disaster Area (37k PDF)
October 25, 2012 New Requirements for Insurance Policies (204k PDF)
August 6. 2012 New NJHMFA Police & Fire (PFRS) Program Interest Rate - Effective August 15 2012 (90k PDF)
August 2, 2012 Live Where You Work Guideline Changes (175k PDF)
Attachment 1: Live Where You Work Statewide Guidelines (1MB PDF)
Attachment 2: Smart Start Program Fact Sheet (1MB PDF)
July 20, 2012 Financed MI Premiums Announcement (200k PDF)
June 14, 2012 NJHMFA Interest Rate Decrease Announcement - Effective June 14, 2012 (139k PDF)
March 1, 2012 NJHMFA Announces Interest Rate Decrease - Effective March 1, 2012 (77k PDF)
February 7, 2012

New NJHMFA Police & Fire (PFRS) Program Interest Rate - Effective February 15, 2012 (218k PDF)

 
2011 Bulletins
December 13, 2011 New NJHMFA Income Limits Posted (22k PDF)
Attachment 1: Purchase Price and Income Limits - Statewide (20k PDF)
Attachment 2: Purchase Price and Income Limits - UTA (22k PDF)
Attachment 3: LWYW Fact Sheet (277k PDF)
November 3, 2011 Determining Real Estate Taxes on New Construction (37k PDF)
August 11, 2011 NJHMFA Interest Rate Decrease Announcement (36k PDF)
August 8, 2011 New HMFA Police & Fire (PFRS) Program Interest Rate - Effective August 15, 2011 (37k PDF)
July 13, 2011 Tax Service Fee Requirements Bulletin (38k PDF)
Updated Policy and Procedures for Participating Lenders (42k PDF)
Attachment 1: Sellers Guide (371k PDF)
June 6, 2011 New 2011 Income Limits (35k PDF)
Attachment 1: Purchase Price and Income Limits - Statewide (20k PDF)
Attachment 2: Purchase Price and Income Limits - UTA (22k PDF)
Attachment 3: LWYW Factsheet (277k PDF)
May 23, 2011 PFRS Disclosure Bulletin (23k PDF)
Attachment 1: Disclosure to Non-PFRS Members Who Sign the Mortgage (68k PDF)
May 19, 2011 NJHMFA Interest Rate Decrease Announcement (37k PDF)
March 31, 2011 NJHMFA Bulletin Further Guidance on Affordable Housing Units (34k PDF)
March 25, 2011 Affordable Housing Properties in New Jersey (150k PDF)
Attachment 1: ML 94-2 Regarding Limitations Restrictions Affordable Housing (330k PDF)
February 28, 2011 NJHMFA Interest Rate Increase Announcement (37k PDF)
February 7, 2011 NJHMFA New PFRS Interest Rate Effective 2-15-11 (36k PDF)
February 3, 2011 NJHMFA Underwriter Certification (35k PDF)
NJHMFA Loan Files Submitted for Underwriting Review (41k PDF)
Attachment 1: Underwriters Review Signature (5k PDF)
 
2010 Bulletins
April 29, 2010 Section 8 Program (38k PDF)
Section 8 Program Fact Sheet Attachment (108k PDF)
April 23, 2010 Tax Credit Loan Program (TCLP) Prefund Notice (24k PDF)
March 22, 2010 Updated Second Mortgage Notes (38k PDF)
Updated Second Mortgage Notes Attachment 1 (68k PDF)Updated Second Mortgage Notes Attachment 2 (70k PDF)Updated Second Mortgage Notes Attachment 3 (69k PDF)

Updated Second Mortgage Notes Attachment 4 (72k PDF)

March 9, 2010

New FICO Requirements (26k PDF)

March 2, 2010

1% Reimbursable Loan Reservation Fee (26k PDF)

February 15, 2010

New Police and Fire Program Rate (24k PDF)

February 9, 2010

New RESPA Documents (24k PDF)

February 1, 2010

Bulletin RESPA (113k PDF)

January 19, 2010 1% Reimbursable Fee Placement on New GFE and HUD 1 (54k PDF)
January 11, 2010

Updated 1% Reimbursable Fee Placement on New GFE and HUD 1 (41k PDF)

January 8, 2010

Sellers Guide Revision Permissible Fees (52k PDF)
   
2009 Bulletins

November 24, 2009 Prefund Program Extension Information (36k PDF)

Prefund Program Extension Information Attachment 1 (179k PDF)

October 16, 2009 Police and Firemen’s Retirement System PFRS Pension Loans and Debt Ratios (39k PDF)
September 25, 2009 Pool Insurance (24k PDF)
August 26, 2009 Police and Firemen’s Program (40k PDF)

August 3, 2009

Rate Increase Announcement (39k PDF)

July 30, 2009

NJHMFA Loan Submission Process (42k PDF)

June 11, 2009

Rate Increase Announcement (39k PDF)
May 28, 2009 Prefund Tax Credit Loan Program (TCLP) Still Up and Running (28k PDF)
May 5, 2009 Rate Decrease Announcement (39k PDF)
April 8, 2009 New HMFA Subordinate Mortgage Program: First-Time Homebuyers Tax Credit Loan Program (TCLP) Prefund (117k PDF)
April 1, 2009 New Income Limits: Statewide and Target Area (22k PDF)
February 6, 2009 Police and Fire Retirement Fund Mortgage Program Suspension of New Registrations (56k PDF)
February 3, 2009 Police and Firemen’s Retirement System Interest Rate Change (39k PDF)
January 20, 2009 Rate Decrease Announcement (39k PDF)
   
2008 Bulletins
December 15, 2008 Revised Smart Start Notes (40k PDF)
Revised Smart Start Notes Attachment 1 (68k PDF)
Revised Smart Start Notes Attachment 2 (68k PDF)
Revised Smart Start Notes Attachment 3 (68k PDF)
October 7, 2008 Rate Increase Announcement (39k PDF)
September 30, 2008 Rate Increase Announcement (39k PDF)
September 25, 2008 Police and Firemen’s Retirement System Non-Member Status Bulletin (62k PDF)
IRS Bulletin IR 2008-106 (40k PDF)
August 6, 2008 New Police and Firemen’s Retirement System Interest Rate Effective August 15, 2008 (36k PDF)
July 15, 2008 New Smart Start Options Program (40k PDF)
July 9, 2008 NJHMFA Sellers Guide (23k PDF)
NJHMFA Sellers Guide Attachment 1 (336k PDF)
NJHMFA Sellers Guide Attachment 2 (65k PDF)
April 1, 2008 Clarification of Delivery Underwriting and Purchasing Loans (97k PDF)
March 18, 2008 Police and Fire Retirement System Mortgage Program Update (43k PDF)
March 14, 2008 Interest Rate Change for Home Plus and Purchase Rehab Programs (37k PDF)
Interest Rate Change for First-Time Homebuyer Program (34k PDF)
March 4, 2008 PFRS Mortgage Program Loan Reservations Update (18k PDF)
February 4, 2008 New First-Time Homebuyer Program Interest Rates Effective 2-4-08 (36k PDF)
Police and Fireman’s Retirement System Rate Change Effective 2-15-08 (25k PDF)
February 1, 2008 Smart Start Loans (37k PDF)
Police and Fire Retirement System DU Findings (26k PDF)Notice of Assignment Sale or Transfer or Servicing Rights (31k PDF)
New Sub Servicer (77k PDF)
January 3, 2008 Clarification on Borrower Determination for First-Time Homebuyer Loans (37k PDF)
   
2007 Bulletins
October 5, 2007 New Products 40 Year Term and Over 80% Income Limit (29k PDF)
August 27, 2007 New Conditions Submission Process (39k PDF)
January 1, 2007 Origination of Agency Loans (51k PDF)