Partners Checklist - updated 3/09
MFA's Partners Program Guidelines - updated 12/05

Income Caculator - use this spreadsheet to determine whether your homeowner meets Partner's income guidelines (at application must be at or below 50% AMI; at closing must be at or below 80% AMI).  There are two tabs on the lefthand corner of this spreadsheet for one borrower or two borrowers.

Loan Amount and Maturity Date Calculator - use this spreadsheet to help you determine how much to sell to MFA and how much to keep, as well as how to determine the correct maturity date for your loan.

Do not use the old version of this form, as there were slight discrepancies.  

Amortization Schedule

Packet 1 Documents- Initial Household information obtained at the time of application to Habitat
•Income Eligibility Determination
•HFH Application
•Borrower's Verification of Employment AND pay stub (dated within 30 days of initial application)
•Documentation of Child Support (types of documentation include copy of divorce decree, child support enforcement statements, or signed and notarized affidavit)
•Copy of documents that pertain to any other household income (SSI annual statement, etc.  Food Stamps are not included)
•Affidavit or letter from Borrower or other household member regarding no income
•Federal Tax Returns for last 3 years with original signatures (click here to order IRS transcripts or get proof of nonfiling)
•Verification of Rent for last 3 years
•Purchase Agreement (between Habitat and family)
•Draft Purchase Agreement (between MFA and affiliate)

Packet 2 Documents - Submit prior to Closing.  You may not close until MFA reviews and approves packets 1 and 2.
•Reservation_Request
•Habitat for Humanity Certifications Disclosure
•Partners Funding Worksheet (Preliminary)
•Verification of Employment(dated within 30 days of submission of package to MFA)
•Pay stub (dated within 30 days of submission of package to MFA)
•Documentation of Child Support dated within 30 days of submission of package to MFA
•Current copies of documents that pertain to any other household income
•Affidavit or letter from borrower regarding no income - dated within 30 days of submission of package to MFA
•Appraisal dated within 6 months of closing
•Survey dated within 6 months of closing
•Certificate of Occupancy

Packet 3 Documents - Submit after closing
•Payment record, if applicable - use this form or a report from your affiliate's accounting program (e.g. quickbooks, excel, etc.)
•Partners Funding Worksheet (Final)
•Loan Submission Checklist
•Borrower Update Form
•Partners Note
•Partners Mortgage
•Tax Exempt Financing Rider
•Assignment of Mortgage
•Notice of Potential Recapture
•Affidavit of Purchaser
•Affidavit of Seller
•Copy of Title Commitment
•HUD-1 - signed by homeowner and affiliate
•Evidence of Hazard Insurance
•Sample Closing Agreement
•Original Signed Purchase Agreement (MFA/affiliate)

Note:  if your loan closed more than 90 days from date of income calculation from packet 2, submit the following:

•Current Verification of Employment
•Current pay stub

Packet 4 Documents
•Original Recorded Mortgage w/Tax Exempt Financing Rider
•Original Recorded Assignment of Mortgage
•Original Title Policy (endorsed to MFA)
•Copy of Recorded Warranty Deed