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Affordable Mortgage Lending GuidePart II: State Housing Finance AgenciesUPDATERevised July 1, 2017Revisions found at www.fdic.gov/mortgagelendingBecause borrower and loan criteria are subject to change and many HFAs add and eliminate programs on a regu lar basis, the Affordable Mortgage Lending Center provides the most recent information available. Realizing theneed for accurate and timely information, the FDIC is committed to annually updating the publications through thisweb page. A review of Part II was completed on July 1, 2017, and the following updates were made to the publica tion and Quick Links: State Links for Housing Finance Agencies. The State Housing Finance Agency Product Matrix (page 4) includes product updates to the individual HFAs; Massachusetts Housing Partnership was added to the list of HFAs; “Alternative private mortgage insurance options” offered is now included on individual state sheets (see page30 for general information about these options); and Of the 54 HFAs included in Part II, 40 have provided program updates (also see Quick Links for HousingFinance Agencies for a list of states with updates).7KH IROORZLQJ VWDWH KRXVLQJ ƓQDQFH DJHQFLHV ZHUH XSGDWHG RQ -XO\ Alabama Housing Finance Authority Montana Board of Housing Alaska Housing Finance Corporation Nebraska Investment Finance Authority California Housing Finance Agency (CalHFA) Nevada Housing Division Connecticut Housing Finance Authority New Jersey Housing and Mortgage Finance Agency Delaware State Housing Authority New York State Homes and Community Renewal(State of New York Mortgage Agency – SONYMA) District of Columbia Housing Finance Agency Florida Housing Finance Corporation North Carolina Housing Finance Agency Hawaii Housing Finance andDevelopment Corporation Ohio Housing Finance Agency Oklahoma Housing Finance Agency Idaho Housing and Finance Association Oregon Housing and Community Services Indiana Housing and CommunityDevelopment Authority Pennsylvania Housing Finance Agency Iowa Finance Authority Tennessee Housing Development Agency Kentucky Housing Corporation Louisiana Housing Corporation Maine State Housing Authority MassHousing Massachusetts Housing Partnership (new) Michigan State Housing Development Authority Minnesota Housing Finance Agency Rhode Island Housing Texas Department of Housing and Community Affairs Utah Housing Corporation Vermont Housing Finance Agency Virginia Housing Development Authority Washington State Housing Finance Commission West Virginia Housing Development Fund Mississippi Home Corporation Wisconsin Housing and Economic DevelopmentAuthority (WHEDA) Missouri Housing Development Commission Wyoming Community Development Authority
HFA PRODUCTS AND RESOURCESAlabama Housing Finance Authorityhttp://www.ahfa.comFirst-Lien Mortgage Loans:Step UpSpecial Mortgage PurposePrograms Eligible Uses:PurchaseDown Payment/Closing Cost Assistance:Targeted Populations/Special Programs:Mortgage Tax&UHGLW &HUWLƓFDWH pment Accounts:Fannie Mae/Freddie MacHFA MortgageInsurance Products:Step Up Down Payment Assistance (loan)First-time low- and moderate-income homebuyersOfferedAlabama Housing Finance Authority provides a list of approved agencies acrossthe state.Not offeredFannie Mae’s HFA Preferred (Low MI)HELPFUL WEB LINKSAlabama First Mortgage Programs (including down payment and closing cost -available ODEDPD 0RUWJDJH 7D[ &UHGLW -available/mccsAlabama Resources and Linkshttp://www.ahfa.com/about/resources-links40 FDICFDICAffordable AffordableMortgageMortgageLendingLendingGuide Guide
HFA PRODUCTS AND RESOURCESAlaska Housing Finance Corporationhttps://www.ahfc.us/First-Lien Mortgage Loans: Special Mortgage PurposePrograms Eligible Uses:3XUFKDVH UHƓQDQFH UHKDELOLWDWLRQ PDQXIDFWXUHG KRXVLQJ UXUDO SURSHUWLHV energy improvementsDown Payment/Closing Cost Assistance:Targeted Populations/Special Programs:Mortgage Tax&UHGLW &HUWLƓFDWH HomeownershipEducation/Counseling:First-Time Homebuyer ProgramsManufactured Home ProgramNonconforming Program5HƓQDQFH Rural ProgramsSecond Mortgage ProgramsTaxable ProgramVeterans Programs Closing Cost Assistance Program, 3 to 4 percent down payment assistance (loan, can beused with non-Alaska Housing Finance Corporation loans) /RDQV WR QRQSURƓW RUJDQL]DWLRQV IRU FUHDWLRQ RI 'RZQ 3D\PHQW VVLVWDQFH 3URJUDPV WR EH used with an Alaska Housing Finance Corporation loanFirst-time homebuyers, active military or veterans, Alaska residents, rural borrowersNot offeredOffers HomeChoice, an eight-hour, in-person course or online. Not required, butparticipants save money on Alaska Housing Finance Corporation commitment fee.IndividualDevelopment Accounts:Not offeredFannie Mae/Freddie MacHFA MortgageInsurance Products:Not offeredHELPFUL WEB LINKSAlaska Down Payment and Closing Cost ayment-assistance/Alaska First Mortgage ka Participating Lenders ders/Alaska Income imits/Alaska Resources for Lendershttps://www.ahfc.us/index.php?cID 416Alaska Interest es/Alaska Approved Homebuyer Educationhttps://www.ahfc.us/classes/Alaska Affordable Housing Enhanced Loan ble-housing-enhanced/41 FDICFDICAffordable AffordableMortgageMortgageLendingLendingGuide Guide
HFA PRODUCTS AND RESOURCESArizona Housing Finance AuthorityKWWSV KRXVLQJ D] JRY ƓQDQFH DXWKRULW\First-Lien Mortgage Loans:HOME Plus Home Loan Program (limited geographic coverage)Special Mortgage PurposePrograms Eligible Uses:PurchaseDown Payment/Closing Cost Assistance:Targeted Populations/Special Programs:Mortgage Tax&UHGLW &HUWLƓFDWH pment Accounts:HOME Plus Home Loan Program (grant, only available in combination with Arizona RXVLQJ )LQDQFH XWKRULW\ ƓUVW PRUWJDJH SURGXFW YDLODEOH WR DOO UL]RQD UHVLGHQWV ZKR PHHW LQFRPH DQG SXUFKDVH SULFH OLPLWV 4XDOLƓHG U.S. military personnel receive additional 1 percent down payment assistanceNot offeredRequired for HOME Plus. Arizona Housing Finance Authority does not provide, butonline programs provided by mortgage insurers or HUD-approved homebuyereducators are acceptable.Not offeredHELPFUL WEB LINKSArizona HOME Plus Program InformationKWWSV KRXVLQJ D] JRY ƓQDQFH DXWKRULW\ KRPH SOXVArizona HOME Plus Home Loan Program GuidelinesKWWSV KRXVLQJ D] JRY VLWHV GHIDXOW ƓOHV GRFXPHQWV ƓOHV '2 RPH3OXV3URJUDP*XLGHOLQH SGIArizona HOME Plus Participating Lender ListKWWSV KRXVLQJ D] JRY VLWHV GHIDXOW ƓOHV GRFXPHQWV ƓOHV 20( 3OXV // 3DUWLFSDWLQJ /HQGHU SGI42 FDICFDICAffordable AffordableMortgageMortgageLendingLendingGuide Guide
HFA PRODUCTS AND RESOURCESArkansas Development Finance Authorityhttp://www.arkansas.gov/adfa/First-Lien Mortgage Loans: Home to Own (Mortgage Revenue Bond Program) Home to Own (Mortgage-Backed Security Program)Special Mortgage PurposePrograms Eligible Uses:PurchaseDown Payment/Closing Cost Assistance:Targeted Populations/Special Programs:Mortgage Tax&UHGLW &HUWLƓFDWH pment Accounts: Down Payment Assistance (10-year loan) Arkansas Dream Down Payment Initiative (no payment, soft second, forgivable)NoneAvailableArkansas Development Finance Authority does not provide, but it provides a listof counselors.Not offeredHELPFUL WEB LINKSArkansas Down Payment Assistance ance-dpaArkansas Home to Own e-revenue-bond-program UNDQVDV 0RUWJDJH 7D[ &UHGLW &HUWLƓFDWH 3URJUDPKWWS DGID DUNDQVDV JRY PRUWJDJH FUHGLW FHUWLƓFDWH SURJUDPArkansas Income -price-limitsArkansas Lender m-downpayment-initiativeArkansas Approved Homebuyer ages/Single Family/Approved HB Counselor list 02122016.pdfFDIC43 FDICAffordable AffordableMortgageMortgageLendingLendingGuide Guide
HFA PRODUCTS AND RESOURCESCalifornia Housing Finance Agency (CalHFA)http://www.calhfa.ca.gov/First-Lien Mortgage Loans: CalPLUS Conventional Loan Program CalHFA Conventional Loan Program CalPLUS FHA Loan ProgramSpecial Mortgage PurposePrograms Eligible Uses:PurchaseDown Payment/Closing Cost Assistance:Targeted Populations/Special Programs:Mortgage Tax&UHGLW &HUWLƓFDWH pment Accounts:Fannie Mae/Freddie MacHFA MortgageInsurance Products: CalHFA FHA Loan Program Cal-EEM Grant Program 0\ RPH VVLVWDQFH 3URJUDP ORDQ PXVW EH FRPELQHG ZLWK &DO ) ƓUVW PRUWJDJH product) Extra Credit Teacher Home Purchase Program (loan, must be combined with CalHFAƓUVW PRUWJDJH SURGXFWFirst-time homebuyers, teachersOfferedRequired; H RPH PHULFD (GXFDWLRQ (online program); or California Housing FinanceAgency provides links to NeighborWorks America or HUD-approved counselingagencies’ websites for face-to-face homebuyer counseling.Not offeredFannie Mae’s HFA Preferred (Low MI)HELPFUL WEB LINKSCalifornia (CalHFA) MyHome Assistance rams/myhome.pdfCalifornia (CalHFA) Extra Credit Teacher rams/ectp.pdfCalifornia (CalHFA) First Mortgage grams/index.htm&DOLIRUQLD &DO ) 0RUWJDJH 7D[ &UHGLW &HUWLƓFDWH rams/mcc.pdfCalifornia (CalHFA) Income and Sales Price Limits QR DSSURYHG OHQGHUV OLVW Ŋ MXVW ORDQ its/index.htmCalifornia (CalHFA) eHome America Education (online homebuyer education)http://ehomeamerica.org/calhfaCalifornia (CalHFA) Interest a (CalHFA) Lender ining-outreach.htm44 FDICFDICAffordable AffordableMortgageMortgageLendingLendingGuide Guide
HFA PRODUCTS AND RESOURCESColorado Housing and Finance Authorityhttp://www.chfainfo.comFirst-Lien Mortgage Loans: CHFA Advantage CHFA Preferred CHFA SmartstepSpecial Mortgage PurposePrograms Eligible Uses:3XUFKDVH UHƓQDQFHDown Payment/Closing Cost Assistance:Targeted Populations/Special Programs:Mortgage Tax&UHGLW &HUWLƓFDWH pment Accounts: CHFA Homeopener CHFA Homeaccess Down Payment Assistance Grant (grant, must be combined with Colorado Housing and)LQDQFH XWKRULW\ ƓUVW PRUWJDJH SURGXFW Borrower Premium Program (loan, must be combined with Colorado Housing and)LQDQFH XWKRULW\ ƓUVW PRUWJDJH SURGXFWPersons with a permanent disability, Section 8 recipientsAvailableRequired; Colorado Housing and Finance Authority sponsors in-person and onlineclasses across the state.Not offeredHELPFUL WEB LINKSColorado Down Payment Assistance yment-assistanceColorado Borrower Premium Program (closing cost losing-cost-assistanceColorado First Mortgage -programs&RORUDGR 0RUWJDJH 7D[ &UHGLW &HUWLƓFDWH mccColorado First Mortgage Program Income s/single-family/forms/CHFA Income Limits.pdfColorado MCC Program Income and Sales Price mcc-ippl.aspxColorado Participating Lender ListKWWS ZZZ FKIDLQIR FRP KRPHRZQHUVKLS 3DJHV ƓQG OHQGHU DVS[Colorado Lender ders/single-family/Pages/default.aspxColorado Approved Homebuyer ebuyer-Education45 FDICFDICAffordable AffordableMortgageMortgageLendingLendingGuide Guide
HFA PRODUCTS AND RESOURCESConnecticut Housing Finance n Mortgage Loans: Special Mortgage PurposePrograms Eligible Uses:Purchase, rehabilitation, manufactured housingDown Payment/Closing Cost Assistance:Targeted Populations/Special Programs:Mortgage Tax&UHGLW &HUWLƓFDWH pment Accounts:Fannie Mae/Freddie MacHFA MortgageInsurance Products:Homebuyer Mortgage ProgramMilitary Homeownership Mortgage ProgramPolice Homeownership Mortgage ProgramTeachers Mortgage Assistance ProgramHFA Preferred Loan ProgramHFA Advantage FHA 203(k) Full and 203(K) LimitedRehabilitation Mortgage Loan Programs Home of Your Own Mortgage Program Mobile/Manufactured Home MortgageProgram Veterans Homeownership Pilot Program Down Payment Assistance Program (loan, must be combined with Connecticut Housing)LQDQFH XWKRULW\ ƓUVW PRUWJDJH SURGXFW Smart Move Second Mortgage Program (loan, must be combined with Connecticut RXVLQJ )LQDQFH XWKRULW\ ƓUVW PRUWJDJH SURGXFWFirst-time homebuyer, active military or veterans, police, teachers, Section 8 recipientsNot offeredRequired; Connecticut Housing Finance Authority sponsors in-person and online classesacross the state.Not offeredFannie Mae’s HFA Preferred (Low MI); Freddie Mac’s HFA AdvantageHELPFUL WEB LINKSConnecticut Down Payment Assistance tAssistanceProgram.aspxConnecticut Smart Move Second Mortgage econdMortgageProgram.aspxConnecticut First Mortgage spxConnecticut Income Limits.aspxConnecticut Sales Price riceLimits.aspxConnecticut Participating Lender atingLenders.aspxConnecticut Approved Homebuyer omebuyers/Homebuyer%20Education/default.aspx46 FDICFDICAffordable AffordableMortgageMortgageLendingLendingGuide Guide
HFA PRODUCTS AND RESOURCESDelaware State Housing Authorityhttp://destatehousing.com/First-Lien Mortgage Loans:Homeownership Loan ProgramSpecial Mortgage PurposePrograms Eligible Uses:PurchaseDown Payment/Closing Cost Assistance:Targeted Populations/Special Programs:Mortgage Tax&UHGLW &HUWLƓFDWH pment Accounts:Fannie Mae/Freddie MacHFA MortgageInsurance Products: Second Mortgage Assistance Loan (loan, must be combined with Delaware State RXVLQJ XWKRULW\ ƓUVW PRUWJDJH SURGXFW Advantage 4 (grant)First-time homebuyersOfferedRequired for some Delaware State Housing Authority programs; Delaware State HousingAuthority provides a list of approved housing counseling agencies across the state.Not offeredFannie Mae’s HFA Preferred (Low MI)HELPFUL WEB LINKSDelaware Second Mortgage Assistance Loanhttp://destatehousing.com/HomeOwnership/hb smal.phpDelaware Advantage 4http://destatehousing.com/HomeOwnership/hb advantage3.phpDelaware Homeownership Loan Programhttp://destatehousing.com/HomeOwnership/hb sfmrb.php'HODZDUH 0RUWJDJH 7D[ &UHGLW /hb fthb.phpDelaware Income and Sales Price Limitshttp://destatehousing.com/HomeOwnership/hb sfmrb.phpDelaware Participating Lender Listhttp://destatehousing.com/HomeOwnership/hb sfmrb.php#lendersDelaware Information for Prospective Lendershttp://destatehousing.com/Lenders/le proslender.phpDelaware Approved Homebuyer ormation/Publications/housing counseling agency list.pdf47 FDICFDICAffordable AffordableMortgageMortgageLendingLendingGuide Guide
HFA PRODUCTS AND RESOURCESDistrict of Columbia Housing Finance Agencyhttp://www.dchfa.org/First-Lien Mortgage Loans:DC Open Door Products FHA FHA Plus FHA 203K StreamlineSpecial Mortgage PurposePrograms Eligible Uses:Purchase, rehabilitationDown Payment/Closing Cost Assistance:Targeted Populations/Special Programs:Mortgage Tax&UHGLW &HUWLƓFDWH pment Accounts:Fannie Mae/Freddie MacHFA MortgageInsurance Products: HFA Preferred without down payment/closing cost assistance HFA Preferred with down payment/closing cost assistanceDC Open Door Down Payment Assistance Loan (zero percent, deferred payment,forgivable loan)NoneOfferedRequired for some District of Columbia Housing Finance Agency programs; refers toHUD approved counseling agency.Not offeredFannie Mae’s HFA Preferred (Low MI); Freddie Mac’s HFA AdvantageHELPFUL WEB LINKSDistrict of Columbia Down Payment and Closing Cost rict of Columbia First Mortgage ders-June-2015.pdfDistrict of ColumbiaParticipating Lenders icipatingLenders/tabid/277/Default.aspxDistrict of Columbia Income rs-June-2015.pdfDistrict of Columbia Resources for bid/278/Default.aspxDistrict of Columbia Interest Rates (box in left bottom abid/57/Default.aspx 'LVWULFW RI &ROXPELD 0RUWJDJH 7D[ &UHGLW &HUWLƓFDWHKWWS ZZZ GFKID RUJ '& ) RPH RPHEX\HUV 0RUWJDJH&UHGLW&HUWLƓFDWH WDELG 'HIDXOW DVS[District of Columbia Approved Homebuyer EducationKWWS ZZZ KXG JRY RIƓFHV KVJ VIK KFF KFV FIP"ZHE/LVW FWLRQ VHDUFK VHDUFKVWDWH '&48 FDICFDICAffordable AffordableMortgageMortgageLendingLendingGuide Guide
HFA PRODUCTS AND RESOURCESFlorida Housing Finance CorporationKWWS DSSV ŴRULGDKRXVLQJ RUJ 6WDQG ORQH ) )&B(&0 SS3DJHB RPH3DJH DVS[First-Lien Mortgage Loans: Florida First Florida Military HeroesSpecial Mortgage PurposePrograms Eligible Uses:PurchaseDown Payment/Closing Cost Assistance:Targeted Populations/Special Programs:Mortgage Tax&UHGLW &HUWLƓFDWH pment Accounts:Fannie Mae/Freddie MacHFA MortgageInsurance Products: FL HFA Preferred Conventional Loan Program FL HFA Preferred PLUS Conventional Loan Program The Florida Assist (deferred payment, soft second, not forgivable, must be used inFRPELQDWLRQ ZLWK D )ORULGD RXVLQJ )LQDQFH &RUSRUDWLRQ ƓUVW PRUWJDJH DUGHVW LW )XQG '3 3URJUDP LQWHUHVW IXOO\ IRUJLYDEOH LQ ƓYH \HDUV forgivable 20% each year the buyer(s) remain in the home as their primary residence andWKH ƓUVW PRUWJDJH ORDQ UHPDLQV LQ JRRG VWDQGLQJ First-time homebuyers, active military or veteransOfferedRequired; HUD-approved online and in-person education permitted.Not offeredFannie Mae’s HFA Preferred (Low MI)HELPFUL WEB LINKSFlorida Homebuyer Loan Programs Wizard 3URYLGHV FRXQW\ VSHFLƓF KRPHEX\HU GRZQ SD\PHQW DQG ƓUVW PRUWJDJH SURJUDP information including income and purchase price limits and participating lenders)KWWS DSSV ŴRULGDKRXVLQJ RUJ 6WDQG ORQH )7 %:L]DUG )7 %:L]DUG)RUP DVS[)ORULGD RXVLQJōV 0RUWJDJH &UHGLW &HUWLƓFDWH 3URJUDPKWWSV DSSV ŴRULGDKRXVLQJ RUJ 6WDQG ORQH 0&&5HVHUYDWLRQV 0&&,QIR KWP49 FDICFDICAffordable AffordableMortgageMortgageLendingLendingGuide Guide
HFA PRODUCTS AND RESOURCESGeorgia Department of Community Affairshttps://www.dca.ga.gov/index.aspFirst-Lien Mortgage Loans:Georgia Dream Homeownership ProgramSpecial Mortgage PurposePrograms Eligible Uses:PurchaseDown Payment/Closing Cost Assistance:Targeted Populations/Special Programs:Mortgage Tax&UHGLW &HUWLƓFDWH HomeownershipEducation/Counseling: Georgia Dream Down Payment Assistance (deferred payment loan, must beXVHG LQ FRPELQDWLRQ ZLWK D *HRUJLD 'UHDP ƓUVW PRUWJDJH 'RZQ 3D\PHQW VVLVWDQFH IRU 3URWHFWRUV (GXFDWRUV DQG HDOWK &DUH :RUNHUV ŋPEN (deferred payment loan, must be used in combination with a Georgia DreamƓUVW PRUWJDJH 'RZQ 3D\PHQW VVLVWDQFH IRU )DPLOLHV ZLWK PHPEHUV ZKR DUH GLVDEOHG ŋCHOICE (deferred payment loan, must be used in combination with a Georgia'UHDP ƓUVW PRUWJDJHFirst-time homebuyers, public protection, health care, education employees, members of themilitary, and persons with a disabilityNot offeredRequired; H RPH PHULFD (GXFDWLRQ (online program); or Georgia Department ofCommunity Affairs provides a list of approved in-person counselors.IndividualDevelopment Accounts:Not offeredFannie Mae/Freddie MacHFA MortgageInsurance Products:Not offeredHELPFUL WEB LINKSGeorgia First Mortgage and Down Payment Assistance m.aspGeorgia Dream Program Brochure (includes income and sales price p/programs/downloads/GADreamBrochure.pdfGeorgia Interest programs/downloads/rates/DCARateSheet.pdfGeorgia Participating Lender aspGeorgia Approved Homebuyer ngCounselors.asp50 FDICFDICAffordable AffordableMortgageMortgageLendingLendingGuide Guide
HFA PRODUCTS AND RESOURCESHawaii Housing Finance and Development n Mortgage Loans:Not offeredSpecial Mortgage PurposePrograms Eligible Uses:Not applicableDown Payment/Closing Cost Assistance:Targeted Populations/Special Programs:Mortgage Tax&UHGLW &HUWLƓFDWH HomeownershipEducation/Counseling:Not offeredNot applicableOfferedNot applicableIndividualDevelopment Accounts:Not offeredFannie Mae/Freddie MacHFA MortgageInsurance Products:Not offeredHELPFUL WEB LINKS DZDLL 0RUWJDJH 7D[ &UHGLW &HUWLƓFDWH 4 (includes income and sales price limits)KWWS GEHGW KDZDLL JRY KKIGF PRUWJDJH FUHGLW FHUWLƓFDWH 51 FDICFDICAffordable AffordableMortgageMortgageLendingLendingGuide Guide
HFA PRODUCTS AND RESOURCESIdaho Housing and Finance Associationhttp://www.idahohousing.comFirst-Lien Mortgage Loans: Special Mortgage PurposePrograms Eligible Uses:3XUFKDVH UHƓQDQFH UHKDELOLWDWLRQDown Payment/Closing Cost Assistance:Targeted Populations/Special Programs:Mortgage Tax&UHGLW &HUWLƓFDWH pment Accounts:Fannie Mae/Freddie MacHFA MortgageInsurance Products:Conventional HFA preferred Lo MI 97% LTVConventional Risk Share No MI 97% LTVConventional Home Possible HFA Advantage 2% BonusFHA/VA/RD Advantage loan program for incomes to 90KFHA/VA/RD First Loan ProgramFreddie Mac’s Very Low Income Loan Good Credit Rewards Loan (loan) HOME Down Payment and Closing Cost Assistance (grant)Very low-income homebuyers, Section 8 recipientsOffered5HTXLUHG IRU ƓUVW WLPH KRPHEX\HUV DQG KRPHEX\HUV XVLQJ GRZQ SD\PHQW DVVLVWDQFH Idaho Housing and Finance Association )LQDOO\ RPH RPHEX\HU (GXFDWLRQ providesin-person counseling, classroom, and online classes.Not offeredFannie Mae’s HFA Preferred (Low MI), Fannie Mae’s HFA Risk-Sharing (No MI); FreddieMac’s HFA AdvantageHELPFUL WEB LINKSIdaho Affordable Home Loan Brochure (information on loan program, down payment and closing cost assistance, dfs/brochures/5-Step%20English-04-15.pdfIdaho First Mortgage ProgramKWWS ZZZ LGDKRKRXVLQJ FRP KRPH ORDQV PRUWJDJH ƓQDQFLQJ ORDQV DVS[Idaho Participating Lenders ListKWWS ZZZ LGDKRKRXVLQJ FRP KRPH ORDQV PRUWJDJH ƓQDQFLQJ SDUWLFLSDWLQJ OHQGHUV EURNHUV DVS[Idaho Resources for ers-brokers/resources.aspxIdaho Interest s-brokers/loans/rate-sheet.aspxIdaho Approved Homebuyer EducationKWWS ZZZ LGDKRKRXVLQJ FRP KRPH ORDQV PRUWJDJH ƓQDQFLQJ KRPHEX\HU HGXFDWLRQ ƓQDOO\ KRPH KRPHEX\HU HGXFDWLRQ DVS[Idaho Lender ders-brokers/training.aspx52 FDICFDICAffordable AffordableMortgageMortgageLendingLendingGuide Guide
HFA PRODUCTS AND RESOURCESIllinois Housing Development Authorityhttp://www.ihda.orgFirst-Lien Mortgage Loans: 1st HomeIllinois @HomeIllinois First Time BuyerSpecial Mortgage PurposePrograms Eligible Uses:3XUFKDVH UHƓQDQFHDown Payment/Closing Cost Assistance:Targeted Populations/Special Programs:Mortgage Tax&UHGLW &HUWLƓFDWH pment Accounts: @HomeIllinois Repeat Buyer # RPH,OOLQRLV 5HƓQDQFHHomeIllinois Down Payment and Closing Cost Assistance (loan, only available inFRPELQDWLRQ ZLWK ,OOLQRLV RXVLQJ 'HYHORSPHQW XWKRULW\ ƓUVW PRUWJDJH SURGXFWVFirst-time homebuyers, active military or veteransOfferedRequired; HUD-approved online and in-person education permitted.Not offeredHELPFUL WEB LINKSIllinois 1st HomeIllinois information for Lenders and Realtors -an-ihda-loan/Illinois Resources for ng-an-ihda-lender/Illinois Lending ng-programs/Illinois Lender ing/Illinois Homeownership Resource forms-3/Illinois Participating Lenders ListKWWS ZZZ LKGD RUJ P\ KRPH EX\LQJ D KRXVH ƓQG D OHQGHU Illinois Approved Homebuyer Education (scroll to bottom of tting-an-ihda-loan/FDIC53 FDICAffordable AffordableMortgageMortgageLendingLendingGuide Guide
HFA PRODUCTS AND RESOURCESIndiana Housing and Community Development Authorityhttp://www.in.gov/ihcdaFirst-Lien Mortgage Loans: Affordable Home My Home Conventional Helping to OwnSpecial Mortgage PurposePrograms Eligible Uses:PurchaseDown Payment/Closing Cost Assistance:Targeted Populations/Special Programs:Mortgage Tax&UHGLW &HUWLƓFDWH pment Accounts:Fannie Mae/Freddie MacHFA MortgageInsurance Products: Next Home Next Home with MCC (Mortgage Tax Credit&HUWLƓFDWH &RPER Next Home Down Payment Assistance (forgivable loan, must be used in combination with1H[W RPH ƓUVW PRUWJDJH HOSLQJ WR 2ZQ JUDQW PXVW EH XVHG LQ FRPELQDWLRQ ZLWK ) ƓUVW PRUWJDJHFirst-time homebuyersOfferedNot required; Framework online course.OfferedFannie Mae’s HFA Preferred (Low MI)HELPFUL WEB LINKSIndiana Homeownership Programs (including down payment and closing costs assistance and MCC)http://www.in.gov/ihcda/2421.htmIndiana Income and Sales Price Limitshttp://www.in.gov/ihcda/2341.htmIndiana Participating Lender ipatinglenders/participatinglenders.aspxIndiana Approved Homebuyer Educationhttp://www.in.gov/ihcda/2341.htm54 FDICFDICAffordable AffordableMortgageMortgageLendingLendingGuide Guide
HFA PRODUCTS AND RESOURCESIowa Finance AuthorityKWWS ZZZ LRZDƓQDQFHDXWKRULW\ JRY First-Lien Mortgage Loans: First Home Homes for Iowans HFA PreferredSpecial Mortgage PurposePrograms Eligible Uses:PurchaseDown Payment/Closing Cost Assistance:Targeted Populations/Special Programs:Mortgage Tax&UHGLW &HUWLƓFDWH pment Accounts:Fannie Mae/Freddie MacHFA MortgageInsurance Products: HFA Preferred Risk Sharing (no mortgageinsurance option) )LUVW RPH 3OXV JUDQW PXVW EH FRPELQHG ZLWK )LUVW RPH ƓUVW PRUWJDJH RPHV IRU ,RZDQV 3OXV JUDQW PXVW EH FRPELQHG ZLWK RPHV IRU ,RZDQV ƓUVW PRUWJDJH Military Homeownership Assistance Program (grant, can be used with non-Iowa FinanceAuthority loans if economically advantageous to borrower)First-time homebuyers, repeat buyers, and active military service members or veteransNot offered5HTXLUHG RQ FRQYHQWLRQDO ƓUVW ORDQ SURGXFWV DQG RQO\ LI DOO ERUURZHUV DUH ƓUVW WLPH homebuyers (only one borrower is required to complete the course); online atKWWS ZZZ ƓQDOO\KRPHFRXUVH FRP RU 8' DSSURYHG LQ SHUVRQ HGXFDWLRQ SHUPLWWHG Not offeredFannie Mae’s HFA Preferred (Low MI); Fannie Mae’s HFA Risk-Sharing (No MI)HELPFUL WEB LINKSIowa Homeownership Programs (including down payment and closing cost assistance and MCC)KWWS ZZZ LRZDƓQDQFHDXWKRULW\ JRY 3URJUDPV IIRUGDEOH RPHRZQHUVKLSIowa Income and Sales Price LimitsKWWS ZZZ LRZDƓQDQFHDXWKRULW\ JRY 3XEOLF 3DJHV 3& /1 Iowa Participating Lender ListKWWS ZZZ LRZDƓQDQFHDXWKRULW\ JRY RPH VIFRQWDFWOLVWLQJIowa Resources for LendersKWWS ZZZ LRZDƓQDQFHDXWKRULW\ JRY :KR RX UH /HQGHUIowa Homebuyer EducationKWWS ZZZ ƓQDOO\KRPHFRXUVH FRP55 FDICFDICAffordable AffordableMortgageMortgageLendingLendingGuide Guide
HFA PRODUCTS AND RESOURCESKansas Housing Resources Corporationhttp://www.kshousingcorp.orgFirst-Lien Mortgage Loans:Not offeredSpecial Mortgage PurposePrograms Eligible Uses:Not applicableDown Payment/Closing Cost Assistance:Targeted Populations/Special Programs:Mortgage Tax&UHGLW &HUWLƓFDWH HomeownershipEducation/Counseling:First Time Homebuyer Program (forgivable loan)First-time homebuyerNot offeredNot required; offers links to third-party organizations.IndividualDevelopment Accounts:Not offeredFannie Mae/Freddie MacHFA MortgageInsurance Products:Not offeredHELPFUL WEB LINKSKansas First Time Homebuyer Down Payment Assistance stance.aspxKansas Income LimitsKWWS Z
(State of New York Mortgage Agency - SONYMA) North Carolina Housing Finance Agency Ohio Housing Finance Agency Oklahoma Housing Finance Agency . CalPLUS FHA Loan Program CalHFA FHA Loan Program Cal-EEM Grant Program . Special Mortgage Purpose Programs Eligible Uses: Purchase . Down Payment/
