Earlier this year, we announced a change to the Step Up program in order to improve accessibility and began allowing participating lenders with wholesale TPO Operations to deliver third party-originated loans.
On December 5, AHFA staff hosted a training for Renasant Bank in Birmingham as the first participating lender to offer this service.
This service essentially opens up the Step Up program to all mortgage lenders. Step Up is AHFA’s flagship homeownership program designed specifically for low- to moderate-income homebuyers who can afford a mortgage, but need help with the down payment.
All servicing is retained by AHFA and serviced in house. We do not compete for bank customers, and institutions are able to continue their relationship with customers without any threat of cross-selling from us.
If your institution is interested in delivering third party-originated Step Up loans, contact Cathy James at [email protected] for more information.