MASSHOUSING FIRST MORTGAGE PROGRAMS

DOCUMENT REQUIREMENTS

Lender Name:______

Contact Name:______Phone: ______

MassHousing Loan #:______Email:______

Underwriting Findings and Lender Approvals
UCD – Successful UDC Submission Certificate
Automated Underwriting Findings- Desktop Originator/Loan Product Advisor
Uniform Underwriting and Transmittal Summary-Fannie 1008/Freddie 1077
Lender Approval Documentation-MassHousing Exception
Copy of Subordinate note and mortgage (if applicable)
Employment and Income
Pay Stubs / W-2s
Verification of Employment / 2 Years 1040s with all schedules-Self-employed
Verbal Verification of Employment / Divorce or Separation Agreement -when applicable
Credit
Credit Report used in AUS underwriting findings / Release of Judgments /liens/bankruptcy
Borrower Credit Explanations / Non-traditional credit verification-with preapproval
Assets
Bank Statements / HUD or CD on sale of existing property
Gift Letter (s) with source verification / Explanation/source of large deposits
Property
Appraisal / Signed Purchase and Sale Agreement
UCDP Fannie/Freddie Submission Summary Report (SSR) / Condo Approval
Copy of Deed-All transaction types / Title V Report
Deed Rider, if applicable / AIR Report L-105
Survey/Plot Plan-All transactions / Final Inspection
Copy of Bid/contract-Rehabilitation loan / Flood Zone Certification
Certificate of Occupancy / B-012 Appraisal Borrower Acknowledgment Form
6D Certificate –All transaction / Smoke/Carbon Detector Cert.-Purchases only
Borrower
Application-Initial and Final Fannie 1003/Freddie 65 / Home Buyer Counseling Certificate-FTHB
B-001 Borrower’s Affidavit-First Time Homebuyers Only and Table 2-Recapture Tables (now combined with Form B-002)(FOR MASSHOUSING MORTGAGE 100/FHA 100/OWH ONLY)
B-011 Borrower Questionnaire / Landlord Counseling Certificate (2-4 family properties)
Transcripts for previous 3 years / W-9 Request for Taxpayer ID Number and Certification
Loan Estimate -all issued versions / Signed 4506-T
Intent to Proceed / E-sign Consent
Verification of Social Security Number / Authorization to Release Information (general)
Insurance and Escrows
Initial Escrow Disclosure / Flood Insurance Binder (when applicable)
Tax Information Sheet/MLC / Mortgage Insurance Certificate
Hazard Insurance Binder (Master for Condominiums) / Initial PMI Disclosure/LPMI Disclosure
HO-6 Condo Binder-when required / Amortization Schedule
Closing Documents and Misc. Disclosures
Original MOM Mortgage with all riders:
  • Rehab loans must also include B-004 Rehab Uniform Mtg. Rider
  • MassHousing Mortgage 100/FHA 100/OWH must also include B-003 Uniform Mortgage Rider
/ Closing Disclosure-all issued versions
MERS Registration / Notice of Right of Rescission
Copy of Note-original to MassHousing / L-103 Notice of Assignment, Sale or Transfer
Escrow Agreement - Rehab Loans / HomeOwnership Counseling Disclosure
Seller Power of Attorney / Title Commitment, Title Opinion or Abstract of Title
Name Affidavit / Copy of Title Policy (with Proof of Payment which is CD)
Compliance Agreement (Errors and Omission) / Lead Paint Indemnification
Affiliated Business Disclosure / ECOA Notice
FHA Disclosures with Case Number Assignment Results / FACTA Credit Score Disclosure
Special Flood Hazard Notice (Federal and State) / Patriot Act
Notice About Flood Insurance Coverage / Privacy Notice
MassHousing Mortgage 100/FHA 100/OWH Downpayment Assistance Program Second Mortgage
B-005DPA Downpayment Assistance Program Second Mortgage –including
  • B-003 Uniform Mortgage Rider
/ MERS Registration
B-006DPA Downpayment Assistance Program Second Mortgage- Note / L-103 Notice of Assignment, Sale or Transfer
Loan Estimate -all issued versions / Closing Disclosure-all issued versions
AdditionalOperation Welcome Home Required Documents
Veteran Eligibility Proof
  • Veterans-DD214Form
  • Active US Military-Letter from commanding officer or other official military issued documentation identifying the applicant as an active member of the military
  • Reservists or National Guard-Letter from commanding officer
  • Gold Star husbands and wives-Letter from the local veteran’s agent

IMAGED DOCUMENT DELIVERY OPTION
MassHousing is now allowing for files and documents to be delivered in an imaged format. These documents can be scanned and electronically sent to Titan.
MassHousing must still receive the Original Promissory Note and MetaSource must still receive the Original MOM Mortgage and any applicable riders or addendums. All remaining documentation may be uploaded to Titan in an imaged format.
Acceptable Image Types include single-page TIF and multi-page TIF. Additionally, a single-page PDF and multi-page PDF are acceptable with a minimum PPI (Pixels Per Inch) of 200, however 300 is preferred.

First Mortgage Programs and OWH Document Requirements – MassHousing- HomeOwnership

Form L-102

Rev. 8/6/2018