Training & Education
We offer a variety of FREE training webinars and resources for mortgage and real estate professionals to learn about our programs and their advantages, guidelines and procedures...
Information in this Participation Guide is intended for mortgage professionals only. The guide provides lenders (and real estate professionals) with complete program policies and an understanding of the steps to take to begin participating in and/or originating DR-HBA Program transactions. It is organized into tabs below for easy reference.
NOTE: Homebuyers interested in applying for the DR-HBA Program, please contact a ReCoverCA HBA Lender for complete program policies, eligibility guidelines, interest rates and APRs, and a program application.
Click on the tabs below to display contents.
Household Income Limit of 80% Area Median Income (AMI) and below, based on household size and county of property. Please refer to the Program Term Sheets above for complete Program Policies.
See CalFire’s Fire Hazard Severity Zone Viewer to determine whether a property is located inside or outside of High or Very High Fire Hazard Severity Zones. Please refer to the Program Term Sheets above for complete Program Policies regarding Applicant Eligiblity and Property Eligibility.
See Homebuyer Education tab for full details.
DR-HBA Program Applicants must complete a Homebuyer Education class prior to loan closing provided by HUD approved counseling agency eHome. The required education includes an 8-hour online Homebuyer Education Course and a 1-hour one-on one(1:1) Counseling Follow-up Session. Homebuyer education is independent, expert advice customized to the needs of a homebuyer to help achieve their housing goals.
The course provided through eHome is the only online course accepted for the DR-HBA Program. The fee is $99 and can be paid from the HBA Loan funds (Use coupon code GOLDEN for $5 off). A certificate of completion will be issued to the homebuyer after the online education and follow up 1:1 counseling have been completed.
The 8-hour online class will include the following elements:
Obtain approval as a Correspondent Lender with Servicer, US Bank, HFA Division
Complete and return to GSFA signed copies of the following documents:
We provide a variety of resources to help mortgage and real estate professionals in understanding and utilizing the GSFA homeownership programs on our Lender/Realtor Training page.
These include:
View the Training Calendar and other resources.
Imagine what $350,000 can do to help you get back on your feet and recover some peace of mind.
The ReCoverCA Homebuyer Assistance Program features homebuyer assistance of up to $350,000 to help low- to moderate-income (LMI) households who lived in a high or very high Fire Hazard Severity Zone at the time of eligible 2018 California wildfires. This assistance is intended to help them purchase a home in California outside of these hazardous areas.
We offer a variety of FREE training webinars and resources for mortgage and real estate professionals to learn about our programs and their advantages, guidelines and procedures...
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