How to enter DPA
- Ben Burnett |
- 0 step |
- 2 minutes
Click "Other Finance"
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Click "Edit" From here users can enter the terms of the second or DPA. Be sure to enter all terms of the second or DPA. The payment will populate in the proposed housing expense section in other finance once all terms are set. If there is no payment do not have to enter all fields in the other finance section. For DPA choose Federal Agency, state, or local agency for the Source type.
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Click "LOAN ADDITIONAL"
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Click "Underwriting"
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Click "Edit"
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Click "AUS Type"
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Click "DU" if using Fannie.
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Toggle on Community Lending.
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Click " Product Type" Drop-down.
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Within the drop down choose applicable. If not HFA simply choose My Community Mortgage option.
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Click "Seconds repayment type" Choose the applicable from the list.
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Click "Save Changes"
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If you are running Freddie Mac access the Underwriting section again.
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Click "AUS Type"
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Click "LPA"
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Click "Program Types"
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Click "Home Possible"
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Click "Save Changes"
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