TSAHC is a 501(c)3 nonprofit organization. Our mission is to serve the housing needs of low‐income Texans and other underserved populations.
We fulfill our mission through our concept of:
3. Borrower cannot exceed Income and Purchase Price Limits
• Based on County of residence and household size
How does a individual qualify?
4. Purchase loan borrowers need to complete a homebuyer education course prior to closing on the home loan • A homeowner is 33% less likely to fall behind on their mortgage if they’ve taken a homebuyer education course. • Homebuyer education can help: • Consumers understand, establish or rebuild credit; • Consumers determine readiness, understand mortgage loans, locate assistance programs and avoid pitfalls; • You spend less time educating potential buyers; and • You work with better prepared clients • Met by attending a one‐on‐one session through TSAHC’s network of housing counseling agencies, an online course, or a HUD, Fannie Mae or Freddie Mac approved counseling program.Take the Eligibility Quiz
A borrower may purchase any of the following types of homes: • New or existing single family residences • Duplexes or fourplexes (one unit must be owner‐occupied) • Condominiums and townhomes • Planned Unit Developments • Manufactured home (FHA‐approved) • Not allowed: Rental homes, co‐ops, investment properties, vacation and/or second homes. A borrower may use the following loan types: • FHA • USDA/RHS • VA • Conventional (eligible only for MCC assistance)
1. Login to the TSAHC Lender Portal at www.tsm‐online.org. 2. Click on Program Documents
• Download and print the “Step‐by‐Step Origination Procedures” document to help you determine our timeline and the required documents for each program.
1. Select the “New Reservation” tab in the upper left corner.
2. Select the appropriate Program from the list and complete the reservation form.
3. Fill out all appropriate fields using the completed 1003. 4. Required fields are designated with a red asterisk.
New Reservation
• You can always check the stage of your loan by clicking on the “Loan Status” tab.
• For definitions of each stage, click on the “Program Documents” tab and download the “Loan Stages in Lender Portal” document.
• The Lender Portal allows Lenders to complete and submit electronic documents. • All documents must be uploaded electronically.
• No paper documents are required.
• Click on the “PDF Docs” button to access the electronic documents.
1. Go back to the “Loan Status” button. NEVER use the back arrows or it will log you out of the system.
2. Simply click the “eDocs” button and follow the instructions to upload the required documents.
3. Click the “Add New” button to upload a form.
4. Click the “Click Here” button to access your computer files and select the document you wish to upload.
5. The next step is to name the document you are uploading. • Choose an option from the drop‐down list under “Select a document from the predefined list”. • The drop‐down will list all of the required documents for the applicable package. • If you don’t see your document on the list, use the “Enter a customized document name” field to name the document you are uploading. 6. Then you MUST click SAVE!
7. Once all of the required documents have been uploaded to the Lender Portal, click on the “Submit” button associated with the each section and
• TSAHC will be notified that your package has been delivered.
8. If you do not hit the “Submit” button, we will NOT know that you have uploaded any documents!
Lender pre‐qualifies Borrower per Program Guidelines. Borrower has executed sales contract. Lender completes Mortgage Loan reservation on the Lender Portal at www.tsm‐online.org. Lender delivers Pre‐Closing Compliance Package to TSAHC on the Lender Portal at www.tsm‐online.org at least 10 days prior to loan Closing. Pre‐Closing Compliance Package approved and Compliance Commitment Letter is issued. Lender submits Post‐Closing Compliance Package to TSAHC on the Lender Portal at www.tsm‐online.orgwithin 10 days following the loan Closing Date. Loan Approved by Program Administrator. Servicer notified of compliance approval and loan purchased by Servicer. Lender closes/funds Mortgage Loan. Lender submits the Funding Request Form
and HUD ‐1 to [email protected] least 2 days prior to closing.
• Links to the Guidelines, forms and training information.
• Access the TSAHC Lender Portal (www.tsm‐online.org) to make loan reservations. • Borrowers have access to YOU through our Lenders List.
• Marketing materials and training available at no cost to you.
• Visit www.texasfinancialtoolbox.com, an online resource that connects consumers with entities in Texas who provide both financial & homebuyer education,
homeownership programs, or assist homeowners facing foreclosure.