ANDP DPA - Lender Intake Form

ANDP DPA - Lender Intake Form

FUNDS AVAILABLE

The Federal Home Loan Bank of Atlanta's AHP set-aside program funds this program. As a member institution, ANDP has access to up to $750,000 in the 2024 funding year.

Available Funding as of 10/30/2024:

Available funding for First-Time Homebuyers and Community Partners DPA products: $2.1 million

Available to ANDP applicants in the products listed above: $202,500

Available funding for new Workforce Housing+ DPA product: $0

Available to ANDP applicants for the Workforce Housing + DPA product: $0 - No longer taking applications for this product (as of 10/16/24). Should funds for Workforce Housing+ be replenished, we will alert active lenders and reopen applications for this portion of the DPA program.

INSTRUCTIONS

Before submitting this application, please review all program materials, guidelines, and required documents. This information can be found at www.andphomes.org/dpa.

REQUIRED DOCUMENTATION & FORMS Required documentation includes this online application and the following documents.

The following must be attached to this application. Note: If you exceed the allowed number of attachments, please email additional documentation to dpa@andpi.org and reference the buyer's last name in the email subject.

Required Forms (Updated for 2024) -Note that the application will ask for these forms as attachments to the application.

Two most recent years of W2s
2 most recent months of bank statements
Form 1003
Intake Certification Form (<80% AMI)
Workforce Housing+ Intake Cert Form (80.01-120%AMI)
Finance & Mortgages Calculation Form
Mortgage Lender Checklist (Revised 2/12/24)
Closing Attorney Checklist (Revised 2/12/24)
ANDP Income Affidavit
Verification of Employment
Zero Income Certification*
Workforce Housing+ Zero Income Certification*
Self-employed Income Certification*
Workforce Housing+ Self-employed Income Certification*

*If Applicable

All forms can be found at www.andphomes.org/dpa.

Additional Resources

Additional resources available on the web page include:

AHP Income Calculator
AHP Income Documentation Requirements
AHP Pre/Post Funding Documentation Requirements
Credit Counseling Flyer - Money Management Intl.
List of 29 Atlanta MSA qualifying counties.
Training video and slides

PLEASE NOTE

THIS FORM CAN NOT BE SAVED AND RETURNED TO LATER. Please complete all fields before submitting.

BUYER INFORMATION

Buyer 1 - First Name*

Buyer 1 - Last Name*

Buyer 1 - Phone*

Buyer 1 - Email Address*

BUYER DEMOGRAPHICS

Information in this section is for reporting only.

Buyer Age

Buyer Gender

Select

Household Size*

Number of Children in Household

Name of dependents and their dates of birth.

Military Status

Select

Disability Status

Select

Household Income*

Please see the Income Documentation Requirements in the "Product Guidelines" found at www.andphomes.org/dpa.

First-Time Homebuyer?*

Select or enter value

Buyer 1 - Household AMI Amount*

Please use the calculator at the address below to calculate the household AMI. Note that FHLBank Atlanta will use the higher of the State or County Income Limit (80% AMI) https://cis.fhlbatl.com/regsponsor/incomecalculation

Select

Buyer Race/Ethnicity*

The purpose of collecting this information is to help ensure that all applicants are treated fairly and that the housing needs of communities and neighborhoods are being fulfilled. This information is not used for qualifying purposes. The law prohibits discrimination based on these demographics.

Select

DPA REQUEST

DPA PRODUCT REQUESTED*

FIRST-TIME HOMEBUYER

Up to $12,500 in assistance for borrowers that meet HUD's definition of a first-time homebuyer. This product is restricted to applicants with a household income at or below 80% AMI.

COMMUNITY PARTNERS

Up to $15,000 in assistance is available for currently employed (or retired) law enforcement officers, educators, health care workers, firefighters, and other first responders; veterans and active-duty military or their surviving spouse; and COVID-related essential workers. (Note that Those applying for the Community Partners product do not need to be first-time homebuyers. This product is restricted to applicants with a household income at or below 80% AMI.

(NEW) WORKFORCE HOUSING + (Funds for this DPA product have been depleted. Should they be replenished, we will reactivate this portion of the DPA offerings).

Up to $15,000 in assistance. As of 6/3/2024, FHLBank Atlanta offers a LIMITED-TIME opportunity for qualifying homebuyers with a household income between 80.01% and 120% AMI. This product requires the use of three different forms than for those products above. These new forms are linked to the ANDP DPA webpage.

Workforce Housing Plus+ Program Intake Certification
Workforce Housing Plus+ Program Self-Employed Intake Certification (If applicable)
Workforce Housing Plus+ Program Zero Income Certification Form (If applicable)

Select or enter value

PROPERTY INFORMATION

Purchase Property Address*

City*

County*

State*

Zip*

Property's Appraised Value*

Please attach a copy of the appraisal to this application.

Initial Closing Date

LOAN ORIGINATOR INFORMATION

Originator First Name*

Originator Last Name*

Originator Phone*

Originator Email*

CLOSING ATTORNEY INFORMATION

Closing Attorney*

Closing Attorney Phone*

Closing Attorney Email*

FINANCING & MORTGAGES INFORMATION

This information should be taken from the required Financing & Mortgages Form referenced above. Note If the buyer has a fourth funding source, please email the same information requested for sources 1-3 to dpa@andpi.org. Be sure to indicate the buyer's name in your email.

First Mortgage Lender*

1st Mortgage - Amount ($)*

1st Mortgage - Loan Type*

Select or enter value

1st Mortgage - Fixed or ARM*

Select or enter value

1st Mortgage - Rate (%)*

1st Mortgage - APR (%)*

1st Mortgage - Term (Mos)*

1st Mortgage - Forgivable?*

Select or enter value

1st Mortgage - Deferred Loan?*

Select or enter value

First Mortgage - Amortization (Mos)*

Source 2 - Lender

Source 2 - Amount ($)

Source 2 - Loan Type

Select or enter value

Source 2 - Fixed or ARM

Select or enter value

Source 2 - Rate (%)

Source 2 - APR (%)

Source 2 - Term (Mos)

Source 2 - Forgivable

Select or enter value

Source 2 - Deferred Loan

Select or enter value

Source 2 - Amortization (Mos)

Source 3 - Lender

Source 3 - Amount ($)

Source 3 - Loan Type

Select or enter value

Source 3 - Fixed or ARM

Select or enter value

Source 3 - Rate (%)

Source 3 - APR

Source 3 - Term (Mos)

Source 3 - Forgivable?

Select or enter value

Source 3 - Deferred Loan?

Select or enter value

Source 3 - Amortization (Mos)

C0ST INFORMATION

Please note: "#3 - TOTAL COST" must equal "#8 - TOTAL SOURCE".

1. Sales Price to Buyer*

2. Total Closing Costs and Points*

3. TOTAL COST (#1 + #2 above)*

SOURCE INFORMATION

4. Sum of all mortgages above*

5. Homebuyer Contribution*

6. Seller Contribution (Enter $0 for no contribution from seller)*

7. Requested Amount from ANDP*

#8 TOTAL SOURCE (Sum of #4, #5, #6, and #7)

Use this field to upload all required forms and documentation as indicated at the top of this page.

Please drag and drop all documents you are sending to the field below. If you exceed the number of allowed attachments, please email any additional attachments to dpa@andpi.org and indicate the buyer's name in the subject of the email.

Drag and drop files here or

ADDITIONAL DOCUMENTATION REQUIRED

Have you attached all of the required forms and documentation? See the list of required forms and documentation at the top of this page.

NEED A COPY?

We recommend that you check the box below to send yourself a copy of this application.

Send me a copy of my responses

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