Submission Form – USDA

Email submissions to:

Broker Information
HomeBridge Account Executive:
Broker Name: / Contact:
Phone: / Fax: / Email:
Address:
City: / State: / Zip:
Broker Compensation: Lender Paid Borrower Paid / Mini-Banker: Yes No
Credit Credentials: / Vendor: / Login: / Password:
Borrower Information
Borrower Name: / Lowest Middle FICO:
Borrower Name: / Email**:
Required for appraisal delivery
Property Address:
City: / State: / Zip:
Type: SFR Condo Site Condo PUD ( Attached Detached)
Transaction Information
Program / Amortization
Purchase Rate/Term(non-streamlined) Streamlined Refinance Pilot Refinance / Fixed rate - fully amortized
Occupancy: / Owner-occupied / Term: 30 year only / Impounds: / Yes (required)
Loan Amount: / $ / Appraised Value: / $ / LTV: / CLTV:
Sales Price: / $
DTI / % / Payment Shock: / %
Fees
Underwriting Fee (purchase and non-streamlined refinance): $ 895
Underwriting Fee (Streamlined and Pilot Refinance): $495
Flood Certification: $10
Commitment Fee Buyout Option / Texas Attorney Fees
Purchase: $150
Refinance: $150
Documentation Requirements
Incomplete Submission Packages will Delay Submission to Underwriting
USDA
Required:
HomeBridge Submission Form
1008
1003 w/ NMLS ID signed by broker
Credit report (must be < 90 days old; mortgage only on Pilot refinance; full credit report all other programs)
Separate full credit report for non-borrowing spouse in community property states: AZ, CA, ID, LA, NM, TX, WA, WI. Debts must be added to borrower’s liabilities/DTI. Only required on Purchase, Non-Streamlined Refinance, and Streamlined Refinance Transactions
Signed Borrower Credit Authorization required only if 1003 provided is not signed by borrower(s)**
Paystubs (30 days earnings and YTD all programs)*
W-2s for previous 2 years (all programs with the exception of the Pilot refinance)*
Tax Returns/ all Schedules for previous 2 years for self-employed borrowers (most recent one year on Pilot refinance)
2 months bank statements (purchase transactions and refi transactions if funds needed to close)
Purchase Contract w/ Addendums (if applicable)
3.2 file required if submitted outside of HomeBridge broker portal
Completed and signed 4506-T***
Completed and signed HomeBridge Broker Compensation Election Form (non-approved brokers only)
Service Provider List
Affiliated Service Provider Fee Certification (if applicable)
Rural Development Form 3555-21 Request for Single Family Housing Loan Guarantee completed by broker. Borrower signature not required
Proof of property eligibility – USDA eligible rural area. Screen shot of eligibility page from USDA website acceptable.
Proof of income eligibility. Screen shot of income eligibility page from USDA website acceptable.
HomeBridge USDA Borrower Questionnaire and Income Eligibility Worksheet (required on all USDA loan submissions)
Applications Dated Prior to 10/3/15
Broker GFE
Broker GFE Itemization/Fee Worksheet
Brokered Applications Dated on or after 10/3/15
Loan Estimate (signed)
Broker Compensation and Fee Certification
Notice of Intent to Proceed
Mini-Banker Applications Dated on or after 10/3/15
Loan Estimate (signed)
Loan Estimate Itemization of Amount Financed
Notice of Intent to Proceed
Recommended but Not Required (to Avoid Closing Delays):
State Specific Disclosures
Signed Notice of Right to Receive Copy of Appraisal Disclosure**
Broker Compensation and Fee Certification (required at submission on applications dated on or after 10/3/15)
NOTE: Loans will be run through USDA’s Guaranteed Underwriting System (GUS) by HomeBridge. Brokers are not required to submit an AUS Finding
*Income also required for adult non-borrower(s) (18 years of age or older) who reside in the property. **ECOA valuations rule requires appraisal delivery to the borrower. If the borrower does not have an email or it is not provided the appraisal/valuation will be mailed to the borrower’s home address. ***If business income used to qualify, completed and signed 4506-T for business required.
NOTE: Mini-Banker transactions require Safe Harbor Certification in lieu of Broker Compensation Fee Certification.

10/3/15