• Members must be in the business of offering mortgage loans to low and moderate income consumers and must conform with all NMLS and SAFE Act requirements. 
• Members must employ staff experienced in loan origination and loan processing. 
• Member must be financially stable with a net worth acceptable to the City of Dallas (“City”), in its sole discretion. 
• Members must maintain an Errors and Omissions (E&O) insurance policy with a minimum coverage of $300,000 per occurrence. City of Dallas must be identified as a Certificate Holder as follows: 

• Members must attend trainings provided by the City with regard to procedures for accessing DHAP on behalf of potential homebuyers, DHAP loan processing, underwriting, and closing. 
• Members are required to uphold the underwriting guidelines and program principles of the City and DHAP. Any violation of these standards by a member will result in termination of such member’s participation in DHAP and consequently sever such member’s access to funds made available through DHAP.

Lender Resources:

Lender Membership Application Package

Minimum Housing Standards and Inspections 

DHAP Second Lien Sample Closing Documents

Final Buyer Underwriting Analysis Worksheet

2024-25 Program Year Exhibits and Forms