Getting started

1
Instructions for submitting a Downpayment Plus
First-Time Homebuyer program reservation
2
Getting started

• 1. Go to our website www.wphd.org and click on
  Downpayment Plus in the lower left corner.

3
Getting started continued

• 2. On the next page enter the lenders assigned
  bank code and in the password box type Create
  (with a capital C) and click on Application
  Login.
• 3. Now, enter the loan officer information
  requested and click on Add ME.
• Print the next page because it contains your
  new password to be used for
• this and future applications. (We have given
  you the option of changing your password.
• After you login, there will be an option to
  Change your Password.)

4
Part I Reservation Process

• 4. The next screen you see is called
  Application Central. Scroll down the page and
  you will find a bullet for the DPP First-Time
  Homebuyer Program. Click on use these pages to
  start the reservation process.

5
Reservation Process continued

• 5. On the next screen enter the information
  requested about the borrower and click on Start a
  DPP First-Time Homebuyer App.
• 6. On the next screen, enter the information
  requested and click on Continue a DPP First-Time
  Homebuyer App.

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Reservation Process continued

• 7. You should now see the borrowers name and
  under Reservation Status it should say Not yet
  reserved. Click on Not yet reserved.

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Reservation Process continued

• 8. This is where you enter the household income.
  Click on Enter or update income.
• 9. Enter the information requested an click on
  Calculate.

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Reservation Process continued

• 10. If there is a co-borrower click on Add a new
  borrower.
• 11. Enter the information requested and click on
  Add this borrower.

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Reservation Process continued

• 12. If there are additional household members who
  are not co-borrowers, click on Add Household
  member.
• 13. Enter the requested information and click on
  Add member(s).

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Reservation Process continued

• 14. When you have entered all borrower and
  household information click on Print and Fax Step
  I and print the next page (the DPP First-Time
  Homebuyer Grant Funds Reservation Form DPPFT11)
  and have the borrower and lender sign it. At the
  bottom of the page click on Submit First-Time
  Homebuyer DPP11.

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Reservation Process continued

• 15. Under Reservation Status it should now say
  Reservation Submitted.

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• You will now receive an email message stating
  that we received the electronic reservation of
  funds and that you need to fax us the signed
  Grant Funds Reservation Form, the Beneficiary
  Income Questionnaire(s), the Income Calculation
  Worksheet, and the documentation to support the
  household income. Please fax to [phone],
  attention Jen or Lisa.
• Once the income has been verified, you will
  receive an email from us and the Reservation
  status on the website will change to Reservation
  Accepted. At this point, you can proceed to Part
  II of the application process.

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Part II Preparation of Certificate of Borrower
Eligibility and Disbursement Request Form DPPFT12

• NOTE The Part II Information should not be
  entered until just prior to closing.
• 16. To begin you must log-on to our website using
  your bank code and assigned password. Once you
  log-on you will need to scroll down the page and
  click on use these pages under the DPP First-Time
  Homebuyer bullet. One the next screen you will
  notice that the Approval Status box next to the
  borrowers name now shows the words Proceed to
  Part II. Click on those words and enter the
  information requested which will include the
  borrower social security number, final DPP
  subsidy amount and final closing date. Once that
  has been entered click on More First- Time Step
  II.

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Part II Preparation of Certificate of Borrower
Eligibility and Disbursement Request Form DPPFT12
continued

• 17. On the next screen enter the information
  requested which will include first mortgage
  characteristics, who provided the home buyer
  education, information on any additional second
  mortgages, other than DPP, etc. Once all
  information has been entered click on Show Form
  for Final Submission.
• 18. Print the next page (Certificate of Borrower
  Eligibility and Disbursement Request Form
  DPPFT12) and have the borrower and lender sign it
  at closing. After printing the form, at the
  bottom of the screen click on Save Final
  Submission.
• Now, everything has been completed for the DPP
  First-Time Homebuyer funds to be used for this
  borrower.

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Part III Reimbursement to Lender for DPP
First-Time Homebuyer funds advanced at closing

• After closing, you need to forward all the
  information to us shown on the Transmittal
  Checklist (DPPFT10) so that the Chicago Federal
  Home Loan Bank can reimburse your institution for
  grant funds advanced at closing.
• The Transmittal Checklist can be found by going
  to our website www.wphd.org and clicking on
  Downpayment Plus in the lower left hand corner
  and then clicking on 2005 Downpayment Plus
  First-Time Homebuyer Program.

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Part III Reimbursement to Lender for DPP
Advantage funds advanced at closing

• After closing, you need to forward all the
  information to us shown on the Transmittal
  Checklist (DPP10) so that the Chicago Federal
  Home Loan Bank can reimburse your institution for
  grant funds advanced at closing.
• The Transmittal Checklist can be found by going
  to our website www.wphd.org and clicking on
  Downpayment Plus in the lower left hand corner.
  On the next page, scroll down until you find
  Online Documents. Here you will find links to
  all of the required closing documents. The only
  forms not found in this list is the Grant
  Agreement and the Certificate of Borrower
  Eligibility and Disbursement Request Form
  (DPPFT12). If you scroll down further, you will
  find those forms under Downpayment Plus
  First-Time Homebuyer program. You will also see
  the Grant Agreements and DPP12s for the other
  programs. These 2 forms are the only ones that
  differ between the programs. Please be sure to
  use the correct form.

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Part III Reimbursement to Lender for DPP
First-Time Homebuyer funds advanced at closing

• Toward the bottom the bottom of the next page
  there is a list of documents in blue. The
  Transmittal Checklist, along with additional
  forms needed for closing like the Mortgage and
  Grant Agreement, Certificate of Home Buyer
  Education and Counseling and Home Buyer Education
  Checklist, can be printed from here. New in 2005,
  the Mortgage and Grant Agreement can be filled in
  on-line.
• NOTE On this page, you will also find the
  Beneficiary Questionnaire, the Income Calculation
  Worksheet and the Income Calculation Guidelines.
  The Beneficiary Questionnaire and Income
  Calculation Worksheet are forms required early on
  in the process and are to be faxed with the
  DPPFT11 and the income verification. The Income
  Calculation Guidelines will explain what we need
  for income verification and how we calculate
  annual income.

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• For more information about the Downpayment Plus
  First-Time Homebuyer Program, click on the
  following links and review the following
  documents
• https//www.wphd.org/DPP05/FirstTime/DPP_FTHB.pdf
• https//www.wphd.org/DPP05/QA_DPP_2005.PDF
• Please call Jen Buckles (ext. 21) or Lisa Kratz
  (ext. 27) at
• [phone] with questions.