Affordable Mortgage Lending Guide UPDATE 

Part II: State Housing Finance Agencies 

Revised July 1, 2017 

Revisions found at www.fdic.gov/mortgagelending 

Because borrower and loan criteria are subject to change and many HFAs add and eliminate programs on a regular basis, the Affordable Mortgage Lending Center provides the most recent information available. Realizing the 

need for accurate and timely information, the FDIC is committed to annually updating the publications through this 

web page. A review of Part II was completed on July 1, 2017, and the following updates were made to the publication 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 page 

30 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 Housing 

Finance Agencies for a list of states with updates).
 

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• Alabama Housing Finance Authority 

• Alaska Housing Finance Corporation 

• California Housing Finance Agency (CalHFA) 

• Connecticut Housing Finance Authority 

• Delaware State Housing Authority 

• District of Columbia Housing Finance Agency 

• Florida Housing Finance Corporation 

• Hawaii Housing Finance and 

Development Corporation 

• Idaho Housing and Finance Association 

• Indiana Housing and Community 

Development Authority 

• Iowa Finance Authority 

• Kentucky Housing Corporation 

• Louisiana Housing Corporation 

• Maine State Housing Authority 

• MassHousing 

• Massachusetts Housing Partnership (new) 

• Michigan State Housing Development Authority 

• Minnesota Housing Finance Agency 

• Mississippi Home Corporation 

• Missouri Housing Development Commission 

• Montana Board of Housing 

• Nebraska Investment Finance Authority 

• Nevada Housing Division 

• New Jersey Housing and Mortgage Finance Agency 

• New York State Homes and Community Renewal 

(State of New York Mortgage Agency – SONYMA) 

• North Carolina Housing Finance Agency 

• Ohio Housing Finance Agency 

• Oklahoma Housing Finance Agency 

• Oregon Housing and Community Services 

• Pennsylvania Housing Finance Agency 

• Rhode Island Housing 

• Tennessee Housing Development Agency 

• 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 

• Wisconsin Housing and Economic Development

Authority (WHEDA) 

• Wyoming Community Development Authority 
40 | FDIC | Affordable Mortgage Lending Guide

HFA PRODUCTS AND RESOURCES 

Alabama Housing Finance Authority 

http://www.ahfa.com 

First-Lien Mortgage Loans: Step Up 

Special Mortgage Purpose 

Programs Eligible Uses: Purchase 

Down Payment/

Closing Cost Assistance: Step Up Down Payment Assistance (loan) 

Targeted Populations/

Special Programs: First-time low- and moderate-income homebuyers 

Mortgage Tax 

&UHGLW&HUWLƓFDWH Offered 

Homeownership

Education/Counseling: 

Alabama Housing Finance Authority provides a list of approved agencies across 

the state. 

Individual 

Development Accounts: Not offered 

Fannie Mae/Freddie Mac 

HFA Mortgage 

Insurance Products: 

Fannie Mae’s HFA Preferred (Low MI) 

HELPFUL WEB LINKS 

Alabama First Mortgage Programs (including down payment and closing cost assistance) 

http://www.ahfa.com/homebuyers/programs-available 

$ODEDPD0RUWJDJH7D[&UHGLW&HUWLƓFDWH

http://www.ahfa.com/homebuyers/programs-available/mccs 

Alabama Resources and Links 

http://www.ahfa.com/about/resources-links 

FDIC | Affordable Mortgage Lending Guide 
41 | FDIC | Affordable Mortgage Lending Guide

HFA PRODUCTS AND RESOURCES 

Alaska Housing Finance Corporation 

https://www.ahfc.us/ 

First-Lien Mortgage Loans: 

• First-Time Homebuyer Programs

• Manufactured Home Program

• Nonconforming Program

• 5HƓQDQFH

• Rural Programs

• Second Mortgage Programs

• Taxable Program

• Veterans Programs 

Special Mortgage Purpose 

Programs Eligible Uses: 

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energy improvements 

Down Payment/

Closing Cost Assistance: 

• Closing Cost Assistance Program, 3 to 4 percent down payment assistance (loan, can be 

used with non-Alaska Housing Finance Corporation loans) 

• /RDQVWRQRQSURƓWRUJDQL]DWLRQVIRUFUHDWLRQRI'RZQ3D\PHQW$VVLVWDQFH3URJUDPVWREH

used with an Alaska Housing Finance Corporation loan 

Targeted Populations/

Special Programs: First-time homebuyers, active military or veterans, Alaska residents, rural borrowers 

Mortgage Tax 

&UHGLW&HUWLƓFDWH Not offered 

Homeownership

Education/Counseling: 

Offers HomeChoice, an eight-hour, in-person course or online. Not required, but 

participants save money on Alaska Housing Finance Corporation commitment fee. 

Individual 

Development Accounts: Not offered 

Fannie Mae/Freddie Mac 

HFA Mortgage 

Insurance Products: 

Not offered 

HELPFUL WEB LINKS 

Alaska Down Payment and Closing Cost Assistance

https://www.ahfc.us/buy/resources/down-payment-assistance/ 

Alaska First Mortgage Programs

https://www.ahfc.us/buy/loan-programs/ 

Alaska Participating Lenders List

https://www.ahfc.us/buy/resources/approved-lenders/ 

Alaska Income Limits 

https://www.ahfc.us/pros/references/income-limits/ 

Alaska Resources for Lenders 

https://www.ahfc.us/index.php?cID=416 

Alaska Interest Rates 

https://www.ahfc.us/buy/resources/current-rates/ 

Alaska Approved Homebuyer Education

https://www.ahfc.us/classes/ 

Alaska Affordable Housing Enhanced Loan Program

https://www.ahfc.us/buy/add-options/affordable-housing-enhanced/ 

FDIC | Affordable Mortgage Lending Guide 
42 | FDIC | Affordable Mortgage Lending Guide

HFA PRODUCTS AND RESOURCES 

Arizona Housing Finance Authority 

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First-Lien Mortgage Loans: HOME Plus Home Loan Program (limited geographic coverage) 

Special Mortgage Purpose 

Programs Eligible Uses: Purchase 

Down Payment/

Closing Cost Assistance: 

HOME Plus Home Loan Program (grant, only available in combination with Arizona 

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Targeted Populations/

Special Programs: 

$YDLODEOHWRDOO$UL]RQDUHVLGHQWVZKRPHHWLQFRPHDQGSXUFKDVHSULFHOLPLWV4XDOLƓHG

U.S. military personnel receive additional 1 percent down payment assistance 

Mortgage Tax 

&UHGLW&HUWLƓFDWH Not offered 

Homeownership

Education/Counseling: 

Required for HOME Plus. Arizona Housing Finance Authority does not provide, but 

online programs provided by mortgage insurers or HUD-approved homebuyer 

educators are acceptable. 

Individual 

Development Accounts: Not offered 

HELPFUL WEB LINKS 

Arizona HOME Plus Program Information

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Arizona HOME Plus Home Loan Program Guidelines

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Arizona HOME Plus Participating Lender List

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FDIC | Affordable Mortgage Lending Guide 
| FDIC | 43 Affordable Mortgage Lending Guide

HFA PRODUCTS AND RESOURCES 

Arkansas Development Finance Authority 

http://www.arkansas.gov/adfa/ 

First-Lien Mortgage Loans: • Home to Own (Mortgage Revenue Bond Program)

• Home to Own (Mortgage-Backed Security Program) 

Special Mortgage Purpose 

Programs Eligible Uses: Purchase 

Down Payment/

Closing Cost Assistance: 

• Down Payment Assistance (10-year loan)

• Arkansas Dream Down Payment Initiative (no payment, soft second, forgivable) 

Targeted Populations/

Special Programs: None 

Mortgage Tax 

&UHGLW&HUWLƓFDWH Available 

Homeownership

Education/Counseling: 

Arkansas Development Finance Authority does not provide, but it provides a list 

of counselors. 

Individual 

Development Accounts: Not offered 

HELPFUL WEB LINKS 

Arkansas Down Payment Assistance Program

http://adfa.arkansas.gov/downpayment-assistance-dpa 

Arkansas Home to Own programs

http://adfa.arkansas.gov/hometoown-mortgage-revenue-bond-program 

$UNDQVDV0RUWJDJH7D[&UHGLW&HUWLƓFDWH3URJUDP

KWWSDGIDDUNDQVDVJRYPRUWJDJHFUHGLWFHUWLƓFDWHSURJUDP

Arkansas Income Limits 

http://adfa.arkansas.gov/income-and-purchase-price-limits 

Arkansas Lender materials 

http://adfa.publishpath.com/american-dream-downpayment-initiative 

Arkansas Approved Homebuyer Education

 http://adfa.arkansas.gov/Websites/adfa/images/Single_Family/Approved_HB_Counselor_list_02122016.pdf 

FDIC | Affordable Mortgage Lending Guide 
44 | FDIC | Affordable Mortgage Lending Guide

HFA PRODUCTS AND RESOURCES 

California Housing Finance Agency (CalHFA) 

http://www.calhfa.ca.gov/ 

First-Lien Mortgage Loans: 

• CalPLUS Conventional Loan Program

• CalHFA Conventional Loan Program

• CalPLUS FHA Loan Program 

• CalHFA FHA Loan Program

• Cal-EEM + Grant Program 

Special Mortgage Purpose 

Programs Eligible Uses: Purchase 

Down Payment/

Closing Cost Assistance: 

• 0\+RPH$VVLVWDQFH3URJUDPORDQPXVWEHFRPELQHGZLWK&DO+)$ƓUVWPRUWJDJH

product)

• Extra Credit Teacher Home Purchase Program (loan, must be combined with CalHFA

ƓUVWPRUWJDJHSURGXFW

Targeted Populations/

Special Programs: First-time homebuyers, teachers 

Mortgage Tax 

&UHGLW&HUWLƓFDWH Offered 

Homeownership

Education/Counseling: 

Required; H+RPH$PHULFD(GXFDWLRQ (online program); or California Housing Finance 

Agency provides links to NeighborWorks America or HUD-approved counseling 

agencies’ websites for face-to-face homebuyer counseling. 

Individual 

Development Accounts: Not offered 

Fannie Mae/Freddie Mac 

HFA Mortgage 

Insurance Products: 

Fannie Mae’s HFA Preferred (Low MI) 

HELPFUL WEB LINKS 

California (CalHFA) MyHome Assistance Program

http://www.calhfa.ca.gov/homeownership/programs/myhome.pdf 

California (CalHFA) Extra Credit Teacher Program

http://www.calhfa.ca.gov/homeownership/programs/ectp.pdf 

California (CalHFA) First Mortgage Programs

http://www.calhfa.ca.gov/homeownership/programs/index.htm 

&DOLIRUQLD&DO+)$0RUWJDJH7D[&UHGLW&HUWLƓFDWH3URJUDP

http://www.calhfa.ca.gov/homeownership/programs/mcc.pdf 

California (CalHFA) Income and Sales Price Limits QRDSSURYHGOHQGHUVOLVWŊMXVWORDQRIƓFHUV

http://www.calhfa.ca.gov/homeownership/limits/index.htm 

California (CalHFA) eHome America Education (online homebuyer education) 

http://ehomeamerica.org/calhfa 

California (CalHFA) Interest Rates

http://www.calhfa.ca.gov/apps/rates/ 

California (CalHFA) Lender Training

http://www.calhfa.ca.gov/homeownership/training-outreach.htm 

FDIC | Affordable Mortgage Lending Guide 
45 | FDIC | Affordable Mortgage Lending Guide

HFA PRODUCTS AND RESOURCES 

Colorado Housing and Finance Authority 

http://www.chfainfo.com 

First-Lien Mortgage Loans: 

• CHFA Advantage

• CHFA Preferred

• CHFA Smartstep

• CHFA Homeopener

• CHFA Homeaccess

Special Mortgage Purpose 

Programs Eligible Uses: 3XUFKDVHUHƓQDQFH

Down Payment/

Closing Cost Assistance: 

Targeted Populations/

Special Programs: Persons with a permanent disability, Section 8 recipients 

Mortgage Tax 

&UHGLW&HUWLƓFDWH Available 

Homeownership

Education/Counseling: 

Required; Colorado Housing and Finance Authority sponsors in-person and online 

classes across the state. 

Individual 

Development Accounts: Not offered 

• Down Payment Assistance Grant (grant, must be combined with Colorado Housing and

)LQDQFH$XWKRULW\ƓUVWPRUWJDJHSURGXFW

• Borrower Premium Program (loan, must be combined with Colorado Housing and

)LQDQFH$XWKRULW\ƓUVWPRUWJDJHSURGXFW

HELPFUL WEB LINKS 

Colorado Down Payment Assistance Grant

http://www.chfainfo.com/homeownership/down-payment-assistance 

Colorado Borrower Premium Program (closing cost assistance) 

http://www.chfainfo.com/homeownership/closing-cost-assistance 

Colorado First Mortgage Programs

http://www.chfainfo.com/homeownership/loan-programs 

&RORUDGR0RUWJDJH7D[&UHGLW&HUWLƓFDWH3URJUDP

http://www.chfainfo.com/homeownership/chfa-mcc 

Colorado First Mortgage Program Income Limits

http://www.chfainfo.com/participating-lenders/single-family/forms/CHFA_Income_Limits.pdf 

Colorado MCC Program Income and Sales Price Limits

http://www.chfainfo.com/homeownership/pages/mcc-ippl.aspx 

Colorado Participating Lender List

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Colorado Lender Resources 

http://www.chfainfo.com/participating-lenders/single-family/Pages/default.aspx 

Colorado Approved Homebuyer Education

http://www.chfainfo.com/homeownership/Homebuyer-Education 

FDIC | Affordable Mortgage Lending Guide 
46 | FDIC | Affordable Mortgage Lending Guide

HFA PRODUCTS AND RESOURCES 

Connecticut Housing Finance Authority 

http://www.chfa.org/default.aspx 

First-Lien Mortgage Loans: 

Special Mortgage Purpose 

Programs Eligible Uses: Purchase, rehabilitation, manufactured housing 

Down Payment/

Closing Cost Assistance: 

Targeted Populations/

Special Programs: First-time homebuyer, active military or veterans, police, teachers, Section 8 recipients 

Mortgage Tax 

&UHGLW&HUWLƓFDWH Not offered 

Homeownership

Education/Counseling: 

Required; Connecticut Housing Finance Authority sponsors in-person and online classes 

across the state. 

Individual 

Development Accounts: Not offered 

Fannie Mae/Freddie Mac 

HFA Mortgage 

Insurance Products: 

Fannie Mae’s HFA Preferred (Low MI); Freddie Mac’s HFA Advantage 

• Homebuyer Mortgage Program

• Military Homeownership Mortgage Program

• Police Homeownership Mortgage Program

• Teachers Mortgage Assistance Program

• HFA Preferred Loan Program

• HFA Advantage

• FHA 203(k) Full and 203(K) Limited

Rehabilitation Mortgage Loan Programs

• Home of Your Own Mortgage Program

• Mobile/Manufactured Home Mortgage

Program

• Veterans Homeownership Pilot Program

• Down Payment Assistance Program (loan, must be combined with Connecticut Housing

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• Smart Move Second Mortgage Program (loan, must be combined with Connecticut

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HELPFUL WEB LINKS 

Connecticut Down Payment Assistance Program

http://www.chfa.org/Homeownership/for%20Homebuyers/Homebuyer%20Mortgage%20Programs/

DownpaymentAssistanceProgram.aspx 

Connecticut Smart Move Second Mortgage Program

http://www.chfa.org/Homeownership/for%20Homebuyers/Homebuyer%20Mortgage%20Programs/

SmartMoveSecondMortgageProgram.aspx 

Connecticut First Mortgage Programs

http://www.chfa.org/Homeownership/for%20Homebuyers/Homebuyer%20Mortgage%20Programs/default.aspx 

Connecticut Income Limits 

http://www.chfa.org/Homeownership/for%20Homebuyers/Tools%20Calculators%20and%20Look-ups/IncomeLimits.aspx 

Connecticut Sales Price Limits 

http://www.chfa.org/Homeownership/for%20Homebuyers/Tools%20Calculators%20and%20Look-ups/SalesPriceLimits.aspx 

Connecticut Participating Lender List

http://www.chfa.org/Homeownership/for%20Homebuyers/Tools%20Calculators%20and%20Look-ups/ParticipatingLenders.aspx 

Connecticut Approved Homebuyer Education

http://www.chfa.org/Homeownership/for%20Homebuyers/Homebuyer%20Education/default.aspx 

FDIC | Affordable Mortgage Lending Guide 
47 | FDIC | Affordable Mortgage Lending Guide

HFA PRODUCTS AND RESOURCES 

Delaware State Housing Authority 

http://destatehousing.com/ 

First-Lien Mortgage Loans: Homeownership Loan Program 

Special Mortgage Purpose 

Programs Eligible Uses: Purchase 

Down Payment/

Closing Cost Assistance: 

• Second Mortgage Assistance Loan (loan, must be combined with Delaware State 

+RXVLQJ$XWKRULW\ƓUVWPRUWJDJHSURGXFW

• Advantage 4 (grant) 

Targeted Populations/

Special Programs: First-time homebuyers 

Mortgage Tax 

&UHGLW&HUWLƓFDWH Offered 

Homeownership

Education/Counseling: 

Individual 

Development Accounts: Not offered 

Fannie Mae/Freddie Mac 

HFA Mortgage 

Insurance Products: 

Fannie Mae’s HFA Preferred (Low MI) 

Required for some Delaware State Housing Authority programs; Delaware State Housing 

Authority provides a list of approved housing counseling agencies across the state. 

HELPFUL WEB LINKS 

Delaware Second Mortgage Assistance Loan

http://destatehousing.com/HomeOwnership/hb_smal.php 

Delaware Advantage 4

http://destatehousing.com/HomeOwnership/hb_advantage3.php 

Delaware Homeownership Loan Program

http://destatehousing.com/HomeOwnership/hb_sfmrb.php 

'HODZDUH0RUWJDJH7D[&UHGLW&HUWLƓFDWH

http://destatehousing.com/HomeOwnership/hb_fthb.php 

Delaware Income and Sales Price Limits 

http://destatehousing.com/HomeOwnership/hb_sfmrb.php 

Delaware Participating Lender List

http://destatehousing.com/HomeOwnership/hb_sfmrb.php#lenders 

Delaware Information for Prospective Lenders

http://destatehousing.com/Lenders/le_proslender.php 

Delaware Approved Homebuyer Education

http://www.destatehousing.com/FormsAndInformation/Publications/housing_counseling_agency_list.pdf 

FDIC | Affordable Mortgage Lending Guide 
 

 

48 | FDIC | Affordable Mortgage Lending Guide

HFA PRODUCTS AND RESOURCES 

District of Columbia Housing Finance Agency 

http://www.dchfa.org/ 

First-Lien Mortgage Loans: 

DC Open Door Products

• FHA 

• FHA Plus 

• FHA 203K Streamline 

• HFA Preferred without down payment/

closing cost assistance

• HFA Preferred with down payment/

closing cost assistance 

Special Mortgage Purpose 

Programs Eligible Uses: Purchase, rehabilitation 

Down Payment/

Closing Cost Assistance: 

DC Open Door Down Payment Assistance Loan (zero percent, deferred payment,

forgivable loan) 

Targeted Populations/

Special Programs: None 

Mortgage Tax 

&UHGLW&HUWLƓFDWH Offered 

Homeownership

Education/Counseling: 

Required for some District of Columbia Housing Finance Agency programs; refers to 

HUD approved counseling agency. 

Individual 

Development Accounts: Not offered 

Fannie Mae/Freddie Mac 

HFA Mortgage 

Insurance Products: 

Fannie Mae’s HFA Preferred (Low MI); Freddie Mac’s HFA Advantage 

HELPFUL WEB LINKS 

District of Columbia Down Payment and Closing Cost Assistance

http://www.dchfa.org/DCHFAHome/Homebuyers/DownPaymentAssistance/tabid/276/Default.aspx 

District of Columbia First Mortgage Programs

http://www.dchfa.org/Portals/0/Documents/Homebuyers/DC-Open-Doors-Product-Highlights-for-Lenders-June-2015.pdf 

District of ColumbiaParticipating Lenders List

http://www.dchfa.org/DCHFAHome/Homebuyers/ParticipatingLenders/tabid/277/Default.aspx 

District of Columbia Income Limits 

http://www.dchfa.org/Portals/0/Documents/Homebuyers/DC-Open-Doors-Product-Highlights-for-Lenders-June-2015.pdf 

District of Columbia Resources for Lenders 

http://www.dchfa.org/DCHFAHome/Homebuyers/ParticipatingLenders/ForParticipatingLendersOnly/tabid/278/Default.aspx 

District of Columbia Interest Rates (box in left bottom corner) 

http://www.dchfa.org/DCHFAHome/Homebuyers/tabid/57/Default.aspx 

'LVWULFWRI&ROXPELD0RUWJDJH7D[&UHGLW&HUWLƓFDWH

KWWSZZZGFKIDRUJ'&+)$+RPH+RPHEX\HUV0RUWJDJH&UHGLW&HUWLƓFDWHWDELG'HIDXOWDVS[

District of Columbia Approved Homebuyer Education

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FDIC | Affordable Mortgage Lending Guide 
49 | FDIC | Affordable Mortgage Lending Guide

HFA PRODUCTS AND RESOURCES 

Florida Housing Finance Corporation 

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First-Lien Mortgage Loans: • Florida First 

• Florida Military Heroes 

• FL HFA Preferred Conventional Loan Program

• FL HFA Preferred PLUS Conventional Loan Program 

Special Mortgage Purpose 

Programs Eligible Uses: Purchase 

Down Payment/

Closing Cost Assistance: 

• The Florida Assist (deferred payment, soft second, not forgivable, must be used in 

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• +DUGHVW+LW)XQG'3$3URJUDPLQWHUHVWIXOO\IRUJLYDEOHLQƓYH\HDUV

forgivable 20% each year the buyer(s) remain in the home as their primary residence and 

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Targeted Populations/

Special Programs: First-time homebuyers, active military or veterans 

Mortgage Tax 

&UHGLW&HUWLƓFDWH Offered 

Homeownership

Education/Counseling: Required; HUD-approved online and in-person education permitted. 

Individual 

Development Accounts: Not offered 

Fannie Mae/Freddie Mac 

HFA Mortgage 

Insurance Products: 

Fannie Mae’s HFA Preferred (Low MI) 

HELPFUL WEB LINKS 

Florida Homebuyer Loan Programs Wizard3URYLGHVFRXQW\VSHFLƓFKRPHEX\HUGRZQSD\PHQWDQGƓUVWPRUWJDJHSURJUDP

information including income and purchase price limits and participating lenders) 

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)ORULGD+RXVLQJōV0RUWJDJH&UHGLW&HUWLƓFDWH3URJUDP

KWWSVDSSVŴRULGDKRXVLQJRUJ6WDQG$ORQH0&&5HVHUYDWLRQV0&&,QIRKWP

FDIC | Affordable Mortgage Lending Guide 
50 | FDIC | Affordable Mortgage Lending Guide

HFA PRODUCTS AND RESOURCES 

Georgia Department of Community Affairs 

https://www.dca.ga.gov/index.asp 

First-Lien Mortgage Loans: Georgia Dream Homeownership Program 

Special Mortgage Purpose 

Programs Eligible Uses: Purchase 

Down Payment/

Closing Cost Assistance: 

• Georgia Dream Down Payment Assistance (deferred payment loan, must be 

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• 'RZQ3D\PHQW$VVLVWDQFHIRU3URWHFWRUV(GXFDWRUVDQG+HDOWK&DUH:RUNHUVŋ

PEN (deferred payment loan, must be used in combination with a Georgia Dream

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• 'RZQ3D\PHQW$VVLVWDQFHIRU)DPLOLHVZLWKPHPEHUVZKRDUHGLVDEOHGŋ

CHOICE (deferred payment loan, must be used in combination with a Georgia 

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Targeted Populations/

Special Programs: 

First-time homebuyers, public protection, health care, education employees, members of the 

military, and persons with a disability 

Mortgage Tax 

&UHGLW&HUWLƓFDWH Not offered 

Homeownership

Education/Counseling: 

Required; H+RPH$PHULFD(GXFDWLRQ (online program); or Georgia Department of

Community Affairs provides a list of approved in-person counselors. 

Individual 

Development Accounts: Not offered 

Fannie Mae/Freddie Mac 

HFA Mortgage 

Insurance Products: 

Not offered 

HELPFUL WEB LINKS 

Georgia First Mortgage and Down Payment Assistance Programs

https://www.dca.ga.gov/GeorgiaDream/gadream.asp 

Georgia Dream Program Brochure (includes income and sales price limits) 

https://www.dca.ga.gov/housing/homeownership/programs/downloads/GADreamBrochure.pdf 

Georgia Interest Rates

https://www.dca.ga.gov/housing/homeownership/programs/downloads/rates/DCARateSheet.pdf 

Georgia Participating Lender List

https://www.dca.ga.gov/GeorgiaDream/mapsearch.asp 

Georgia Approved Homebuyer Education

https://www.dca.ga.gov/GeorgiaDream/housingCounselors.asp 

FDIC | Affordable Mortgage Lending Guide 
51 | FDIC | Affordable Mortgage Lending Guide

HFA PRODUCTS AND RESOURCES 

Hawaii Housing Finance and Development Corporation 

http://dbedt.hawaii.gov/hhfdc/ 

First-Lien Mortgage Loans: Not offered 

Special Mortgage Purpose 

Programs Eligible Uses: Not applicable 

Down Payment/

Closing Cost Assistance: Not offered 

Targeted Populations/

Special Programs: Not applicable 

Mortgage Tax 

&UHGLW&HUWLƓFDWH Offered 

Homeownership

Education/Counseling: Not applicable 

Individual 

Development Accounts: Not offered 

Fannie Mae/Freddie Mac 

HFA Mortgage 

Insurance Products: 

Not offered 

HELPFUL WEB LINKS 

+DZDLL0RUWJDJH7D[&UHGLW&HUWLƓFDWH4	$(includes income and sales price limits) 

KWWSGEHGWKDZDLLJRYKKIGFPRUWJDJHFUHGLWFHUWLƓFDWH

FDIC | Affordable Mortgage Lending Guide 
52 | FDIC | Affordable Mortgage Lending Guide

HFA PRODUCTS AND RESOURCES 

Idaho Housing and Finance Association 

http://www.idahohousing.com 

First-Lien Mortgage Loans: 

Special Mortgage Purpose 

Programs Eligible Uses: 3XUFKDVHUHƓQDQFHUHKDELOLWDWLRQ

Down Payment/

Closing Cost Assistance: 

• Good Credit Rewards Loan (loan)

• HOME Down Payment and Closing Cost Assistance (grant) 

Targeted Populations/

Special Programs: Very low-income homebuyers, Section 8 recipients 

Mortgage Tax 

&UHGLW&HUWLƓFDWH Offered 

Homeownership

Education/Counseling: 

5HTXLUHGIRUƓUVWWLPHKRPHEX\HUVDQGKRPHEX\HUVXVLQJGRZQSD\PHQWDVVLVWDQFH

Idaho Housing and Finance Association )LQDOO\+RPH+RPHEX\HU(GXFDWLRQ provides 

in-person counseling, classroom, and online classes. 

Individual 

Development Accounts: Not offered 

Fannie Mae/Freddie Mac 

HFA Mortgage 

Insurance Products: 

Fannie Mae’s HFA Preferred (Low MI), Fannie Mae’s HFA Risk-Sharing (No MI); Freddie 

Mac’s HFA Advantage 

• Conventional HFA preferred Lo MI 97% LTV

• Conventional Risk Share No MI 97% LTV 

• Conventional Home Possible HFA Advantage 2% Bonus

• FHA/VA/RD Advantage loan program for incomes to $90K

• FHA/VA/RD First Loan Program 

• Freddie Mac’s Very Low Income Loan 

HELPFUL WEB LINKS 

Idaho Affordable Home Loan Brochure (information on loan program, down payment and closing cost assistance, MCCs) 

http://www.idahohousing.com/Portals/0/Media/pdfs/brochures/5-Step%20English-04-15.pdf 

Idaho First Mortgage Program

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Idaho Participating Lenders List

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Idaho Resources for Lenders 

http://www.idahohousing.com/home-loans/lenders-brokers/resources.aspx 

Idaho Interest Rates 

http://www.idahohousing.com/home-loans/lenders-brokers/loans/rate-sheet.aspx 

Idaho Approved Homebuyer Education

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Idaho Lender Training

http://www.idahohousing.com/home-loans/lenders-brokers/training.aspx 

FDIC | Affordable Mortgage Lending Guide 
| FDIC | 53 Affordable Mortgage Lending Guide

HFA PRODUCTS AND RESOURCES 

Illinois Housing Development Authority 

http://www.ihda.org 

First-Lien Mortgage Loans: • 1st HomeIllinois 

• @HomeIllinois First Time Buyer 

• @HomeIllinois Repeat Buyer

• #+RPH,OOLQRLV5HƓQDQFH

Special Mortgage Purpose 

Programs Eligible Uses: 3XUFKDVHUHƓQDQFH

Down Payment/

Closing Cost Assistance: 

HomeIllinois Down Payment and Closing Cost Assistance (loan, only available in 

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Targeted Populations/

Special Programs: First-time homebuyers, active military or veterans 

Mortgage Tax 

&UHGLW&HUWLƓFDWH Offered 

Homeownership

Education/Counseling: Required; HUD-approved online and in-person education permitted. 

Individual 

Development Accounts: Not offered 

HELPFUL WEB LINKS 

Illinois 1st HomeIllinois information for Lenders and Realtors® 

http://www.ihda.org/my-home/buying-a-house/getting-an-ihda-loan/ 

Illinois Resources for Lenders 

http://www.ihda.org/lenders-realtors/becoming-an-ihda-lender/ 

Illinois Lending Programs

http://www.ihda.org/lenders-realtors/lending-programs/ 

Illinois Lender Training

http://www.ihda.org/lenders-realtors/training/ 

Illinois Homeownership Resource Center

http://www.ihda.org/lenders-realtors/common-forms-3/ 

Illinois Participating Lenders List

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Illinois Approved Homebuyer Education (scroll to bottom of page) 

http://www.ihda.org/my-home/buying-a-house/getting-an-ihda-loan/ 

FDIC | Affordable Mortgage Lending Guide 
54 | FDIC | Affordable Mortgage Lending Guide

HFA PRODUCTS AND RESOURCES 

Indiana Housing and Community Development Authority 

http://www.in.gov/ihcda 

First-Lien Mortgage Loans: 

• Affordable Home 

• My Home Conventional

• Helping to Own 

• Next Home 

• Next Home with MCC (Mortgage Tax Credit 

&HUWLƓFDWH&RPER

Special Mortgage Purpose 

Programs Eligible Uses: Purchase 

Down Payment/

Closing Cost Assistance: 

• Next Home Down Payment Assistance (forgivable loan, must be used in combination with 

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• +HOSLQJWR2ZQJUDQWPXVWEHXVHGLQFRPELQDWLRQZLWK)+$ƓUVWPRUWJDJH

Targeted Populations/

Special Programs: First-time homebuyers 

Mortgage Tax 

&UHGLW&HUWLƓFDWH Offered 

Homeownership

Education/Counseling: Not required; Framework online course. 

Individual 

Development Accounts: Offered 

Fannie Mae/Freddie Mac 

HFA Mortgage 

Insurance Products: 

Fannie Mae’s HFA Preferred (Low MI) 

HELPFUL WEB LINKS 

Indiana Homeownership Programs (including down payment and closing costs assistance and MCC) 

http://www.in.gov/ihcda/2421.htm 

Indiana Income and Sales Price Limits 

http://www.in.gov/ihcda/2341.htm 

Indiana Participating Lender List

https://ihcdaonline.com/AuthorityOnline/participatinglenders/participatinglenders.aspx 

Indiana Approved Homebuyer Education

http://www.in.gov/ihcda/2341.htm 

FDIC | Affordable Mortgage Lending Guide 
 

 

55 | FDIC | Affordable Mortgage Lending Guide

HFA PRODUCTS AND RESOURCES 

Iowa Finance Authority 

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First-Lien Mortgage Loans: 

• First Home 

• Homes for Iowans 

• HFA Preferred 

• HFA Preferred Risk Sharing (no mortgage 

insurance option) 

Special Mortgage Purpose 

Programs Eligible Uses: Purchase 

Down Payment/

Closing Cost Assistance: 

• )LUVW+RPH3OXVJUDQWPXVWEHFRPELQHGZLWK)LUVW+RPHƓUVWPRUWJDJH

• +RPHVIRU,RZDQV3OXVJUDQWPXVWEHFRPELQHGZLWK+RPHVIRU,RZDQVƓUVWPRUWJDJH

• Military Homeownership Assistance Program (grant, can be used with non-Iowa Finance 

Authority loans if economically advantageous to borrower) 

Targeted Populations/

Special Programs: First-time homebuyers, repeat buyers, and active military service members or veterans 

Mortgage Tax 

&UHGLW&HUWLƓFDWH Not offered 

Homeownership

Education/Counseling: 

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homebuyers (only one borrower is required to complete the course); online at

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Individual 

Development Accounts: Not offered 

Fannie Mae/Freddie Mac 

HFA Mortgage 

Insurance Products: 

Fannie Mae’s HFA Preferred (Low MI); Fannie Mae’s HFA Risk-Sharing (No MI) 

HELPFUL WEB LINKS 

Iowa Homeownership Programs (including down payment and closing cost assistance and MCC) 

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Iowa Income and Sales Price Limits 

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Iowa Participating Lender List

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Iowa Resources for Lenders 

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Iowa Homebuyer Education

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FDIC | Affordable Mortgage Lending Guide 
56 | FDIC | Affordable Mortgage Lending Guide

HFA PRODUCTS AND RESOURCES 

Kansas Housing Resources Corporation 

http://www.kshousingcorp.org 

First-Lien Mortgage Loans: Not offered 

Special Mortgage Purpose 

Programs Eligible Uses: Not applicable 

Down Payment/

Closing Cost Assistance: First Time Homebuyer Program (forgivable loan) 

Targeted Populations/

Special Programs: First-time homebuyer 

Mortgage Tax 

&UHGLW&HUWLƓFDWH Not offered 

Homeownership

Education/Counseling: Not required; offers links to third-party organizations. 

Individual 

Development Accounts: Not offered 

Fannie Mae/Freddie Mac 

HFA Mortgage 

Insurance Products: 

Not offered 

HELPFUL WEB LINKS 

Kansas First Time Homebuyer Down Payment Assistance Program

http://www.kshousingcorp.org/homebuyer-assistance.aspx 

Kansas Income Limits 

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Kansas Participating Lender List (scroll to bottom of page) 

http://www.kshousingcorp.org/homebuyer-assistance.aspx 

Kansas Lender Resources 

http://www.kshousingcorp.org/lenders.aspx 

Kansas Homebuyer Education

http://www.kshousingcorp.org/homebuyer-education.aspx 

FDIC | Affordable Mortgage Lending Guide 
57 | FDIC | Affordable Mortgage Lending Guide

HFA PRODUCTS AND RESOURCES 

Kentucky Housing Corporation 

http://www.kyhousing.org/ 

First-Lien Mortgage Loans: 

Special Mortgage Purpose 

Programs Eligible Uses: 3XUFKDVHUHƓQDQFH

Down Payment/

Closing Cost Assistance: 

• Regular Down Payment Assistance (loan, must be combined with Kentucky Housing 

&RUSRUDWLRQƓUVWPRUWJDJH

• Affordable Down Payment Assistance (loan) 

Targeted Populations/

Special Programs: First-time and repeat homebuyers 

Mortgage Tax 

&UHGLW&HUWLƓFDWH Offered 

Homeownership

Education/Counseling: Not required; Kentucky Housing Corporation provides a list of agencies across the state. 

Individual 

Development Accounts: Not offered 

Fannie Mae/Freddie Mac 

HFA Mortgage 

Insurance Products: 

Fannie Mae’s HFA Preferred (Low MI); Fannie Mae’s HFA Risk-Sharing (No MI) 

Secondary Market Funding Source

• Conventional No Mortgage 

Insurance Program

• Conventional with Mortgage 

Insurance Program

• Federal Housing Administration loans

• U.S. Department of Veterans Affairs 

loan guarantees

• U.S. Department of Agriculture’s Rural 

Housing Services loans 

Mortgage Revenue Bond Funding Source

• Conventional No Mortgage 

Insurance Program

• Conventional with Mortgage 

Insurance Program

• Federal Housing Administration loans

• U.S. Department of Veterans Affairs 

Loan guarantees

• U.S. Department of Agriculture’s Rural 

Housing Services loans 

HELPFUL WEB LINKS 

Kentucky Down Payment Assistance Programs

http://www.kyhousing.org/Home-Buyers/Pages/Down-Payment-Closing-Cost-Assistance.aspx 

Kentucky First Mortgage Programs

http://www.kyhousing.org/Home-Buyers/Pages/Loan-Programs.aspx 

.HQWXFN\0RUWJDJH7D[&UHGLW&HUWLƓFDWH

http://www.kyhousing.org/Home-Buyers/Pages/Home-Buyer-Tax-Credit.aspx 

Kentucky Income and Sales Price Limits

https://wapps.kyhousing.org/KHC_Webforms/countyinformation.aspx 

Kentucky Participating Lender List

https://wapps.kyhousing.org/KHC_Webforms/countyinformation.aspx 

Kentucky Lender Resources

http://www.kyhousing.org/Lenders/Pages/default.aspx 

Kentucky Homebuyer Education

http://www.kyhousing.org/Home-Buyers/Pages/Housing-Counseling-and-Education.aspx 

FDIC | Affordable Mortgage Lending Guide 
58 | FDIC | Affordable Mortgage Lending Guide

HFA PRODUCTS AND RESOURCES 

Louisiana Housing Corporation 

http://www.lhc.la.gov 

First-Lien Mortgage Loans: 

• Market Rate Ginnie Mae Program

• LHC Preferred Conventional Program

• LHC Choice Program 

Special Mortgage Purpose 

Programs Eligible Uses: Purchase 

Down Payment/

Closing Cost Assistance: 

Down Payment Assistance (3 percent grant, must be combined with Louisiana Housing 

&RUSRUDWLRQƓUVWPRUWJDJHSURGXFW

Targeted Populations/

Special Programs: Lower-income populations 

Mortgage Tax 

&UHGLW&HUWLƓFDWH Offered 

Homeownership

Education/Counseling: Required for some programs. 

Individual 

Development Accounts: Not offered 

Fannie Mae/Freddie Mac 

HFA Mortgage 

Insurance Products: 

Fannie Mae’s HFA Preferred (Low MI); Freddie Mac’s HFA Advantage 

HELPFUL WEB LINKS 

Louisiana First Mortgage Programs (including down payment assistance options) 

http://www.lhc.la.gov/page/buyers 

Louisiana Market Rate Ginnie Mae Participating Lender List

http://www.lhc.la.gov/assets/Programs/single_family_programs/Lenders/Market_111616.pdf 

Louisiana Preferred Conventional Program Lender List

http://www.lhc.la.gov/assets/Programs/single_family_programs/Lenders/Preferred_111616.pdf 

Louisiana Interest Rates 

http://www.lhc.la.gov/page/daily-rate 

Louisiana Lender Resources 

http://www.lhc.la.gov/page/-lenders 

Louisiana Approved Homebuyer Education

http://www.lhc.la.gov/page/homebuyer-counseling 

FDIC | Affordable Mortgage Lending Guide 
59 | FDIC | Affordable Mortgage Lending Guide

HFA PRODUCTS AND RESOURCES 

Maine State Housing Authority 

http://www.mainehousing.org 

First-Lien Mortgage Loans: 

• First Home Loan Program

• Salute ME 

• Salute Home Again 

• Purchase Plus Improvement Program 

• Mobile Home Self-Insured 

Special Mortgage Purpose 

Programs Eligible Uses: Purchase, rehabilitation, manufactured housing, Tribal land 

Down Payment/

Closing Cost Assistance: $GYDQWDJHJUDQWPXVWEHXVHGZLWK0DLQH6WDWH+RXVLQJ$XWKRULW\ƓUVWPRUWJDJHSURGXFW

Targeted Populations/

Special Programs: 

First-time homebuyers, members of Passamaquoddy Tribe or Penobscot Nation,

active military or veterans 

Mortgage Tax 

&UHGLW&HUWLƓFDWH Not offered 

Homeownership

Education/Counseling: 

Required if using down payment assistance; KR0(ZRUNVDSSURYHGQRQSURƓW

organizations offer online and in-person classes across the state. 

Individual 

Development Accounts: Not offered 

Fannie Mae/Freddie Mac 

HFA Mortgage 

Insurance Products: 

Not offered 

HELPFUL WEB LINKS 

Maine First Mortgage Programs (including down payment assistance) 

http://www.mainehousing.org/programs-services/homebuyer 

Maine Indian Housing Mortgage Insurance Program

http://www.mainehousing.org/programs-services/homebuyer/homebuyerdetail/IndianHousingMortgage 

Maine Participating Lenders List

http://www.mainehousing.org/programs-services/homebuyer/GreenKeyLenders 

Maine Income and Sales Price Limits 

http://www.mainehousing.org/charts/homebuyer-limits 

Maine Resources for Lenders 

http://www.mainehousing.org/partners/partner-type/lenders 

Maine Interest Rates 

http://www.mainehousing.org/programs-services/homebuyer/current-interest-rates 

Maine Approved Homebuyer Education

http://www.mainehousing.org/education/home/homeworks-homebuyer-education-classes 

FDIC | Affordable Mortgage Lending Guide 
60 | FDIC | Affordable Mortgage Lending Guide

HFA PRODUCTS AND RESOURCES 

Maryland Department of Housing and Community Development 

http://mmp.maryland.gov 

First-Lien Mortgage Loans: 

• Maryland Mortgage Program

• Maryland Pathway to Homeownership 

in Garrett County

• Maryland Grand Slam in Baltimore City 

• Maryland “You’ve Earned It” 

• Maryland Homefront

• Maryland Preferred Rate

• 5HƓQDQFH3URJUDPV

Special Mortgage Purpose 

Programs Eligible Uses: 3XUFKDVHUHƓQDQFH

Down Payment/

Closing Cost Assistance: 

• Down Payment Assistance Program (grants, deferred loans, and forgivable loans; must 

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mortgage product)

• Partner Match Programs (grants, deferred loans, and forgivable loans; must be 

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mortgage product) 

Targeted Populations/

Special Programs: First-time homebuyers, active military or veterans 

Mortgage Tax 

&UHGLW&HUWLƓFDWH Not offered 

Homeownership

Education/Counseling: 

Required; Maryland Department of Housing and Community Development provides a 

list of approved agencies across the state. 

Individual 

Development Accounts: 

Not offered; however, Partner Match program for participating employers, developers, and 

community organizations. 

HELPFUL WEB LINKS 

Maryland Down Payment and Closing Cost Assistance

http://mmp.maryland.gov/Pages/Downpayment.aspx 

Maryland First Mortgage Programs

http://mmp.maryland.gov/Pages/Products.aspx 

Maryland Participating Lenders List

http://mmp.maryland.gov/Pages/Find-A-Lender.aspx 

Maryland Income Limits

http://mmp.maryland.gov/Pages/Eligibility.aspx 

Maryland Resources for Lenders

http://mmp.maryland.gov/Lenders/Pages/default.aspx 

Maryland Interest Rates

http://mmp.maryland.gov/Pages/Interest-Rates.aspx 

Maryland Approved Homebuyer Education

http://mmp.maryland.gov/Pages/Homebuyer-Education-Classes.aspx 

FDIC | Affordable Mortgage Lending Guide 
61 | FDIC | Affordable Mortgage Lending Guide

HFA PRODUCTS AND RESOURCES 

MassHousing 

https://www.masshousing.com 

First-Lien Mortgage Loans: 

• Operation Welcome Home 

• MassHousing Mortgage

• MassHousing Mortgage with No MI

• MassHousing Mortgage LPMI

• 3XUFKDVHRU5HƓQDQFH5HKDELOLWDWLRQ

• Home Possible Advantage

• Home Possible Advantage 80-monthly 

and LPMI 

• FHA 

• '85HƓ3OXV

Special Mortgage Purpose 

Programs Eligible Uses: 3XUFKDVHUHƓQDQFHUHKDELOLWDWLRQ

Down Payment/

Closing Cost Assistance: 

Down Payment and Closing Cost Assistance (3 percent deferred loan, only available in 

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Targeted Populations/

Special Programs: First-time homebuyers, active military or veterans, <80% area median income borrowers 

Mortgage Tax 

&UHGLW&HUWLƓFDWH Not offered 

Homeownership

Education/Counseling: 

Required; MassHousing provides a list of approved agencies across the state. In person 

and online courses are available. 

Individual 

Development Accounts: Not offered 

Fannie Mae/Freddie Mac 

HFA Mortgage 

Insurance Products: 

Fannie Mae’s HFA Preferred (Low MI); Fannie Mae’s HFA Risk-Sharing (No MI); Freddie Mac’s 

HFA Advantage 

HELPFUL WEB LINKS 

Massachusetts First Mortgage Programs (including down payment and closing cost assistance and income and loan limits) 

https://www.masshousing.com/portal/server.pt/community/home_buyers/225/loans_for_home_buyers 

Massachusetts Participating Lenders List

https://www.masshousing.com/portal/server.pt/community/lenders/229/masshousing_mortgage_lenders 

Massachusetts Resources for Lenders 

https://www.masshousing.com/portal/server.pt/community/lenders/229/lenders 

Massachusetts Approved Homebuyer Education

https://www.masshousing.com/portal/server.pt/community/home_buyers/225/home_buyer_counseling 

FDIC | Affordable Mortgage Lending Guide 
62 | FDIC | Affordable Mortgage Lending Guide

HFA PRODUCTS AND RESOURCES 

Massachusetts Housing Partnership (MHP) 

http://www.mhp.net 

First-Lien Mortgage Loans: ONE Mortgage 

Special Mortgage Purpose 

Programs Eligible Uses: Purchase 

Down Payment/

Closing Cost Assistance: MHP interest subsidy (for eligible borrowers under 80% area median income) 

Targeted Populations/

Special Programs: First-time homebuyers 

Mortgage Tax 

&UHGLW&HUWLƓFDWH Not offered 

Homeownership

Education/Counseling: Required; MHP provides a list of approved agencies across the state. 

Individual 

Development Accounts: Not offered 

Fannie Mae/Freddie Mac 

HFA Mortgage 

Insurance Products: 

Not offered 

HELPFUL WEB LINKS 

Massachusetts MHP First Mortgage Programs (including down payment and closing cost assistance) 

http://www.mhp.net/one-mortgage/why-one 

Massachusetts MHP Participating Lenders List

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Massachusetts MHP Income Limits and Sales Price 

http://www.mhp.net/writable/resources/documents/one__income_limits.pdf 

Massachusetts MHP Approved Homebuyer Education

http://www.mhp.net/one-mortgage/why-one#get-prepared 

FDIC | Affordable Mortgage Lending Guide 
63 | FDIC | Affordable Mortgage Lending Guide

HFA PRODUCTS AND RESOURCES 

Michigan State Housing Development Authority 

http://www.michigan.gov/mshda 

First-Lien Mortgage Loans: • MI First Home 

• MI Next Home 

Special Mortgage Purpose 

Programs Eligible Uses: Purchase, foreclosure prevention loans 

Down Payment/

Closing Cost Assistance: 

Down Payment Assistance (4 percent, subordinate lien, 0% interest rate, 0% amortization,

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+RXVLQJ'HYHORSPHQW$XWKRULW\ƓUVWPRUWJDJHSURGXFW

Targeted Populations/

Special Programs: Low- to moderate-income homebuyers 

Mortgage Tax 

&UHGLW&HUWLƓFDWH Offered 

Homeownership

Education/Counseling: Required for MI First Home program or MI Next combined with DPA. 

Individual 

Development Accounts: Offered through Michigan IDA partnership 

Fannie Mae/Freddie Mac 

HFA Mortgage 

Insurance Products: 

Not offered 

HELPFUL WEB LINKS 

Michigan Down Payment and Closing Cost Assistance

http://www.michigan.gov/mshda/0,4641,7-141-45866_45868-370762--,00.html 

Michigan First Mortgage Programs

http://www.michigan.gov/mshda/0,4641,7-141-45866_45868---,00.html 

0LFKLJDQ0RUWJDJH7D[&UHGLW&HUWLƓFDWH

http://www.michigan.gov/mshda/0,4641,7-141-45866_45868-216692--,00.html 

Michigan Step Forward Mortgage Assistance and Hardest Hit Blight Program

http://www.michigan.gov/mshda/0,4641,7-141--235359--,00.html 

Michigan Participating Lenders List

http://www.michigan.gov/documents/mshda_successful_lenders_list_165180_7.pdf 

Michigan Income and Sales Price Limits

http://www.michigan.gov/documents/mshda_sf_income_and_sales_price_limits_100946_7.pdf 

Michigan Resources for Lenders

http://www.michigan.gov/mshda/0,4641,7-141-59976---,00.html 

Michigan Interest Rates

http://www.michigan.gov/mshda/0,4641,7-141-45866_45868-173538--,00.html 

Michigan Approved Homebuyer Education

http://housing.state.mi.us/webportal/default.aspx?page=counseling_start 

FDIC | Affordable Mortgage Lending Guide 
64 | FDIC | Affordable Mortgage Lending Guide

HFA PRODUCTS AND RESOURCES 

Minnesota Housing Finance Agency 

http://www.mnhousing.gov 

First-Lien Mortgage Loans: • Start Up Purchase Loan

• Step Up Purchase Loan 

• 6WHS8S5HƓQDQFH/RDQ

Special Mortgage Purpose 

Programs Eligible Uses: 3XUFKDVHUHƓQDQFH

Down Payment/

Closing Cost Assistance: 

Down Payment and Closing Cost Assistance Loans (second loan or deferred loan, must be 

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Targeted Populations/

Special Programs: First-time homebuyers 

Mortgage Tax 

&UHGLW&HUWLƓFDWH Not offered 

Homeownership

Education/Counseling: 

Required for some Minnesota programs. Minnesota Housing Finance Agency refers to 

Minnesota Home Ownership Center, which provides online and in-person classes across 

the state. 

Individual 

Development Accounts: Not offered 

Fannie Mae/Freddie Mac 

HFA Mortgage 

Insurance Products: 

Fannie Mae’s HFA Preferred (Low MI), Fannie Mae’s HFA Risk-Sharing (No MI); 

Freddie Mac’s HFA Advantage 

HELPFUL WEB LINKS 

Minnesota Down Payment and Closing Cost Assistance

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Minnesota First Mortgage Programs

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Minnesota Participating Lenders List

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Minnesota Income Limits 

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Minnesota Interest Rates 

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Minnesota Approved Homebuyer Education

KWWSZZZPQKRXVLQJJRYZFV6DWHOOLWH"F 3DJH	FLG 	SDJHQDPH ([WHUQDO)3DJH)(;76WDQGDUG/D\RXW

FDIC | Affordable Mortgage Lending Guide 
65 | FDIC | Affordable Mortgage Lending Guide

HFA PRODUCTS AND RESOURCES 

Mississippi Home Corporation 

https://www.mshomecorp.com 

First-Lien Mortgage Loans: • Smart Solution 

• Mortgage Revenue Bond 

Special Mortgage Purpose 

Programs Eligible Uses: Purchase 

Down Payment/

Closing Cost Assistance: 

• Smart Solution Second (4 percent of loan, amount must be used in combination with 

6PDUW6ROXWLRQƓUVWPRUWJDJH

• Mortgage Revenue Bond provides 3% cash advance for down payment and closing costs

• Housing Assistance for Teachers (forgivable loan, can be used with non-Mississippi Home 

&RUSRUDWLRQōVƓUVWPRUWJDJH

Targeted Populations/

Special Programs: First-time homebuyers (Mortgage Revenue Bond) 

Mortgage Tax 

&UHGLW&HUWLƓFDWH Offered 

Homeownership

Education/Counseling: 

Required for down payment assistance program. Mississippi Home Corporation provides 

a list of approved agencies across the state. 

Individual 

Development Accounts: Not offered 

Fannie Mae/Freddie Mac 

HFA Mortgage 

Insurance Products: 

Fannie Mae’s HFA Preferred (Low MI); Freddie Mac’s HFA Advantage 

HELPFUL WEB LINKS 

Mississippi Down Payment and Closing Cost Assistance

https://www.mshomecorp.com/how-we-help/getting-started/which-program-is-right-for-me/ 

Mississippi First Mortgage Programs

https://www.mshomecorp.com/how-we-help/getting-started/which-program-is-right-for-me/ 

0LVVLVVLSSL0RUWJDJH7D[&UHGLW&HUWLƓFDWH

KWWSVZZZPVKRPHFRUSFRPSURJUDPVPRUWJDJHFUHGLWFHUWLƓFDWH

Mississippi Participating Lenders List (participating lenders listed at end of individual program descriptions) 

https://www.mshomecorp.com/participating-lenders/ 

Mississippi Income Limits

https://archivemhc.com/sf/MCC/Income%20Limits.pdf 

Mississippi Resources for Lenders

https://www.mshomecorp.com/for-lenders/ 

Mississippi Interest Rates and Available Funds

https://archivemhc.com/SF/availablefunds.php 

Mississippi Approved Homebuyer Education

https://www.mshomecorp.com/how-we-help/helping-homebuyers/home-buyer-education-providers-3/ 

FDIC | Affordable Mortgage Lending Guide 
66 | FDIC | Affordable Mortgage Lending Guide

HFA PRODUCTS AND RESOURCES 

Missouri Housing Development Commission 

http://www.mhdc.com 

First-Lien Mortgage Loans: • First Place Loan Program

• Next Step Program 

Special Mortgage Purpose 

Programs Eligible Uses: Purchase 

Down Payment/

Closing Cost Assistance: Cash Assistance Payment and Next Step Program (4 percent grant) 

Targeted Populations/

Special Programs: First-time homebuyers, repeat buyers, veterans 

Mortgage Tax 

&UHGLW&HUWLƓFDWH Offered 

Homeownership

Education/Counseling: Not required; no information on homebuyer education provided. 

Individual 

Development Accounts: Not offered 

Fannie Mae/Freddie Mac 

HFA Mortgage 

Insurance Products: 

Fannie Mae’s HFA Preferred (Low MI) 

HELPFUL WEB LINKS 

Missouri Down Payment and Closing Cost Assistance

http://www.mhdc.com/homes/cal/index.htm 

Missouri First Mortgage Programs

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Missouri First Place Program Details

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Missouri Next Step Program Details

http://www.mhdc.com/homes/nextstep/index.htm 

0LVVRXUL0RUWJDJH7D[&UHGLW&HUWLƓFDWH

http://www.mhdc.com/homes/mcc/sa/index.htm 

Missouri Participating Lenders List

http://www.mhdc.com/homes/current_lenders/index.htm 

Missouri Resources for Lenders 

http://www.mhdc.com/lender_resources/index.htm 

Missouri Approved Homebuyer Education

Not required; no information about homebuyer education on site 

FDIC | Affordable Mortgage Lending Guide 
67 | FDIC | Affordable Mortgage Lending Guide

HFA PRODUCTS AND RESOURCES 

Montana Board of Housing 

http://housing.mt.gov 

First-Lien Mortgage Loans: 

• Regular Bond Loan Program

• Montana Veterans’ Home Loan 

• 80% Combined Program

• Habitat for Humanity 

• Disabled Accessible Affordable 

Homeownership Loan

• Board of Investment Residential Loans 

• Reverse Annuity Mortgage 

Special Mortgage Purpose 

Programs Eligible Uses: Purchase, rehabilitation, reverse mortgage 

Down Payment/

Closing Cost Assistance: 

Montana Board of Housing Plus and Score Advantage Down Payment Assistance (loan,

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Targeted Populations/

Special Programs: 

First-time homebuyers, active military or veterans, persons with a disability,

homeowners 68+ 

Mortgage Tax 

&UHGLW&HUWLƓFDWH Offered 

Homeownership

Education/Counseling: 

Required; Montana Board of Housing refers to NeighborWorks Montana for list of

approved classes provided across the state. 

Individual 

Development Accounts: Not offered 

Fannie Mae/Freddie Mac 

HFA Mortgage 

Insurance Products: 

Not offered 

HELPFUL WEB LINKS 

Montana Down Payment and Closing Cost Assistance

http://housing.mt.gov/HBDPA 

Montana First Mortgage Programs

http://housing.mt.gov/HBProgList 

Montana Reverse Annuity Mortgage

http://housing.mt.gov/RAM 

Montana Participating Lenders List

http://housing.mt.gov/HBLenders 

Montana Income and Purchase Price Limits 

http://housing.mt.gov/HBLimits 

Montana Interest Rates 

http://housing.mt.gov/HBCurrRates 

Montana Approved Homebuyer Education

http://housing.mt.gov/HBHBE 

FDIC | Affordable Mortgage Lending Guide 
68 | FDIC | Affordable Mortgage Lending Guide

HFA PRODUCTS AND RESOURCES 

Nebraska Investment Finance Authority 

http://nifa.org 

First-Lien Mortgage Loans: • First Home Plus 

• First Home Focused 

• Military Home

• Homebuyer Assistance Program 

Special Mortgage Purpose 

Programs Eligible Uses: Purchase 

Down Payment/

Closing Cost Assistance: 

Homebuyer Assistance Program (second mortgage loan, must be used in combination with 

1HEUDVND,QYHVWPHQW)LQDQFH$XWKRULW\ƓUVWPRUWJDJHORDQ

Targeted Populations/

Special Programs: First-time homebuyers, active military or veterans 

Mortgage Tax 

&UHGLW&HUWLƓFDWH Not offered 

Homeownership

Education/Counseling: Required; face-to-face and online class options are available 

Individual 

Development Accounts: Not offered 

Fannie Mae/Freddie Mac 

HFA Mortgage 

Insurance Products: 

Fannie Mae’s HFA Preferred (Low MI) 

HELPFUL WEB LINKS 

Nebraska Down Payment and Closing Cost Assistance

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Nebraska First Mortgage Programs

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Nebraska Participating Lenders List

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Nebraska Income Limits 

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Nebraska Resources for Lenders 

http://nifa.org/customers/lending_institution.html 

Nebraska Interest Rates 

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Nebraska Approved Homebuyer Education

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FDIC | Affordable Mortgage Lending Guide 
69 | FDIC | Affordable Mortgage Lending Guide

HFA PRODUCTS AND RESOURCES 

Nevada Housing Division 

http://www.homeispossiblenv.org/ 

First-Lien Mortgage Loans: 

• Home is Possible 

• Home is Possible for Heroes 

• Home is Possible for Teachers 

Special Mortgage Purpose 

Programs Eligible Uses: Purchase 

Down Payment/

Closing Cost Assistance: +RPHLV3RVVLEOHJUDQWPXVWEHXVHGLQFRPELQDWLRQZLWK+RPHLV3RVVLEOHƓUVWPRUWJDJH

Targeted Populations/

Special Programs: First-time homebuyers, active military or veterans 

Mortgage Tax 

&UHGLW&HUWLƓFDWH Offered 

Homeownership

Education/Counseling: Required; Nevada Housing Division provides a list of approved agencies across the state. 

Individual 

Development Accounts: Not offered 

Fannie Mae/Freddie Mac 

HFA Mortgage 

Insurance Products: 

Fannie Mae’s HFA Preferred (Low MI) 

HELPFUL WEB LINKS 

Nevada First Mortgage Programs (includes closing cost assistance) 

http://www.homeispossiblenv.org/program/home-possible-program 

1HYDGD0RUWJDJH7D[&UHGLW&HUWLƓFDWH

http://www.homeispossiblenv.org/program/home-possible-mcc-program 

Nevada Participating Lenders List

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Nevada Resources for Lenders 

http://www.homeispossiblenv.org/page/lender 

Nevada Interest Rates 

http://www.ehousingplus.com/available-programs/nevada/nevada/ 

Nevada Approved Homebuyer Education

http://www.homeispossiblenv.org/page/buyers-education 

FDIC | Affordable Mortgage Lending Guide 
| FDIC | 70 Affordable Mortgage Lending Guide

HFA PRODUCTS AND RESOURCES 

New Hampshire Housing Finance Authority 

http://www.nhhfa.org/ 

First-Lien Mortgage Loans: 

• Home Flex 

• Home Preferred 

• Home Preferred No MI 

• Home Flex Purchase Rehabilitation 

• Voucher Assisted Mortgage Option

• +RPH)OH[6WUHDPOLQH5HƓQDQFH

• +RPH3UHIHUUHG5HƓQDQFH

Special Mortgage Purpose 

Programs Eligible Uses: 3XUFKDVHUHƓQDQFHUHKDELOLWDWLRQ

Down Payment/

Closing Cost Assistance: +RPH)OH[3OXVJUDQWPXVWEHXVHGLQFRPELQDWLRQZLWK+RPH)OH[ƓUVWPRUWJDJH

Targeted Populations/

Special Programs: First-time homebuyers, Section 8 recipients 

Mortgage Tax 

&UHGLW&HUWLƓFDWH Offered 

Homeownership

Education/Counseling: 

5HTXLUHG1HZ+DPSVKLUH+RXVLQJ)LQDQFH$XWKRULW\SURYLGHVSURJUDPVSHFLƓFRQOLQH

courses, as well as a list of approved agencies across the state. 

Individual 

Development Accounts: Not offered 

HELPFUL WEB LINKS 

New Hampshire Down Payment and Closing Cost Assistance

https://www.gonewhampshirehousing.com/buying-home/cash-assistance-grants/ 

New Hampshire First Mortgage Programs

https://www.gonewhampshirehousing.com/buying-home/our-mortgage-programs 

1HZ+DPSVKLUH0RUWJDJH7D[&UHGLW&HUWLƓFDWH

https://www.gonewhampshirehousing.com/buying-home/homebuyer-tax-credit-program 

New Hampshire Lender Training

http://www.nhhfa.org/home-ownership-information-for-lenders-training-info-and-registration.cfm 

New Hampshire Resources for Lenders

http://www.nhhfa.org/home-ownership-information-for-lenders.cfm 

New Hampshire Interest Rates

https://www.gonewhampshirehousing.com/buying-home/rates 

New Hampshire Approved Homebuyer Education

https://education.gonewhampshirehousing.com/ 

FDIC | Affordable Mortgage Lending Guide 
71 | FDIC | Affordable Mortgage Lending Guide

HFA PRODUCTS AND RESOURCES 

New Jersey Housing and Mortgage Finance Agency 

www.njhousing.gov 

First-Lien Mortgage Loans: 

• Homeward Bound Homebuyer Mortgage

• 6WD\DW+RPH6WUHDPOLQH5HƓQDQFH

Program 

• 3ROLFHDQG)LUHƓJKWHU5HWLUHPHQW6\VWHP

Mortgage Program 

• First-Time Homebuyer 

Special Mortgage Purpose 

Programs Eligible Uses: 3XUFKDVHUHƓQDQFH

Down Payment/

Closing Cost Assistance: Smart Start Program, New Jersey HomeSeeker (deferred, forgivable loans) 

Targeted Populations/

Special Programs: )LUVWWLPHKRPHEX\HUVSROLFHDQGƓUHƓJKWHUV

Mortgage Tax 

&UHGLW&HUWLƓFDWH Not offered 

Homeownership

Education/Counseling: Required for New Jersey HomeSeeker 

Individual 

Development Accounts: Not offered 

Fannie Mae/Freddie Mac 

HFA Mortgage 

Insurance Products: 

Not offered 

HELPFUL WEB LINKS 

New Jersey The Road Home New Jersey

 http://www.theroadhomenj.com 

New Jersey Down Payment and Closing Cost Assistance

http://www.state.nj.us/dca/hmfa/homeownership/buyers/smart/ 

New Jersey First Mortgage Programs

http://www.state.nj.us/dca/hmfa/homeownership/buyers/ 

New Jersey Participating Lenders List

http://www.state.nj.us/dca/hmfa/includes/lender.html 

FDIC | Affordable Mortgage Lending Guide 
72 | FDIC | Affordable Mortgage Lending Guide

HFA PRODUCTS AND RESOURCES 

New Mexico Mortgage Finance Authority 

http://www.housingnm.org/ 

First-Lien Mortgage Loans: • First Home Program

• Next Home Program 

Special Mortgage Purpose 

Programs Eligible Uses: Purchase 

Down Payment/

Closing Cost Assistance: 

• )LUVW'RZQ3URJUDPORDQPXVWEHXVHGLQFRPELQDWLRQZLWKD)LUVW+RPHƓUVWPRUWJDJH

• 1H[W+RPH'3$JUDQWPXVWEHXVHGLQFRPELQDWLRQZLWKD1H[W+RPHƓUVWPRUWJDJH

Targeted Populations/

Special Programs: First-time homebuyers 

Mortgage Tax 

&UHGLW&HUWLƓFDWH Not offered 

Homeownership

Education/Counseling: 

Required; New Mexico Finance Authority provides a list of approved agencies and online 

course options. 

Individual 

Development Accounts: Not offered 

Fannie Mae/Freddie Mac 

HFA Mortgage 

Insurance Products: 

Fannie Mae’s HFA Preferred (Low MI) 

HELPFUL WEB LINKS 

New Mexico First Mortgage Programs (including down payment and closing cost assistance) 

http://www.housingnm.org/homebuyers/mortgage-programs 

New Mexico Participating Lenders List

KWWSZZZKRXVLQJQPRUJKRPHEX\HUVƓQGDSDUWLFLSDWLQJOHQGHU

New Mexico Lender Resources 

http://www.housingnm.org/lenders_realtors/lenders-realtors 

New Mexico Interest Rates 

http://www.housingnm.org/homebuyers/lenders-current-rates 

New Mexico Approved Homebuyer Education

http://www.housingnm.org/homebuyers/housing-counseling-agencies 

New Mexico eHome America 

http://ehomeamerica.org/nmmfa 

FDIC | Affordable Mortgage Lending Guide 
73 | FDIC | Affordable Mortgage Lending Guide

HFA PRODUCTS AND RESOURCES 

New York State Homes and Community Renewal 

(State of New York Mortgage Agency — SONYMA) 

http://www.nyshcr.org 

http://www.sonyma.org 

First-Lien Mortgage Loans: 

• Achieving the Dream

• Low Interest Rate Program

• Homes for Veterans Program

• Remodel New York 

• Neighborhood Revitalization Program

• Graduate to Homeownership Program

• Conventional Plus Program

• FHA Plus Program 

Special Mortgage Purpose 

Programs Eligible Uses: 

3XUFKDVHUHKDELOLWDWLRQQHZO\FRQVWUXFWHGHQHUJ\HIƓFLHQWKRPHVPDQXIDFWXUHGKRPHV

1-4 family, coops and condos 

Down Payment/

Closing Cost Assistance: 

State of New York Mortgage Agency’s Down Payment Assistance Loans (must be used 

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single premium MI (greater of $3,000 or 3% of purchase price up to $15,000). Available at

no additional cost for eligible veterans and recent graduates. 

Targeted Populations/

Special Programs: 

First-time homebuyers, recent graduates, active military or veterans, buyers of vacant homes 

LQVSHFLƓFDUHDV/RQJ,VODQG4XHHQV0LGGOHWRZQ1HZEXUJK7UR\5RFKHVWHU.LQJVWRQ

Mortgage Tax 

&UHGLW&HUWLƓFDWH Not offered 

Homeownership

Education/Counseling: 

Required for most programs; HUD approved counselor or Genworth online program.

State of New York Mortgage Agency provides a link to HomeSmart NY, a homeownership 

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Individual 

Development Accounts: Offered; First Home Club 

Fannie Mae/Freddie Mac 

HFA Mortgage 

Insurance Products: 

Fannie Mae’s HFA Preferred (Low MI) 

HELPFUL WEB LINKS 

New York First Mortgage Programs (including down payment and closing cost assistance) 

KWWSZZZQ\VKFURUJ7RSLFV+RPH%X\HUV621<0$621<0$3URGXFWVIRU)LUVW7LPH+RPHEX\HUVKWP

New York Participating Lenders List

http://www.nyshcr.org/Topics/Home/Buyers/ParticipatingLenders/ 

New York Income Limits 

http://www.nyshcr.org/Topics/Home/Buyers/IncomeLimits/ 

New York Resources for Lenders 

http://www.nyshcr.org/Topics/Lenders/Lenders/ 

New York Interest Rates 

KWWSZZZQ\VKFURUJ7RSLFV+RPH%X\HUV&XUUHQW,QWHUHVW5DWHVIRU<HDU0RUWJDJHVKWP

New York Approved Homebuyer Education

https://homesmartny.org/ 

FDIC | Affordable Mortgage Lending Guide 
74 | FDIC | Affordable Mortgage Lending Guide

HFA PRODUCTS AND RESOURCES 

North Carolina Housing Finance Agency 

http://www.nchfa.com/ 

First-Lien Mortgage Loans: NC Home Advantage Mortgage 

Special Mortgage Purpose 

Programs Eligible Uses: Purchase 

Down Payment/

Closing Cost Assistance: NC Home Advantage Mortgage DPA (deferred, forgivable loan) 

Targeted Populations/

Special Programs: First-time homebuyers 

Mortgage Tax 

&UHGLW&HUWLƓFDWH Offered 

Homeownership

Education/Counseling: 5HTXLUHGIRUƓUVWWLPHKRPHEX\HUV

Individual 

Development Accounts: Not offered 

Fannie Mae/Freddie Mac 

HFA Mortgage 

Insurance Products: 

Fannie Mae’s HFA Preferred (Low MI) 

HELPFUL WEB LINKS 

North Carolina Mortgage Programs (including down payment assistance and MCC) 

http://www.nchfa.com/homeownership-partners/lenders/mortgage-product-options 

North Carolina Find a Lender 

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North Carolina Lender Training

http://www.nchfa.com/homeownership-partners/lenders/train-us 

North Carolina Income Limits 

http://www.nchfa.com/home-buyers/income-limits 

North Carolina Resources for Lenders 

http://www.nchfa.com/Lenders/Llendersservicers.aspx 

North Carolina Interest Rates 

http://www.nchfa.com/home-buyers/interest-rates 

North Carolina Approved Homebuyer Education

KWWSZZZQFKIDFRPFXUUHQWKRPHRZQHUVƓQGKRXVLQJFRXQVHORU

FDIC | Affordable Mortgage Lending Guide 
75 | FDIC | Affordable Mortgage Lending Guide

HFA PRODUCTS AND RESOURCES 

North Dakota Housing Finance Agency 

https://www.ndhfa.org/ 

First-Lien Mortgage Loans: 

• FirstHome 

• HomeAccess 

• North Dakota Roots 

• Major Home Improvement

• Targeted Area Loans 

Special Mortgage Purpose 

Programs Eligible Uses: Purchase, rehabilitation 

Down Payment/

Closing Cost Assistance: 

• Start (forgivable loan, must be used in combination with North Dakota Housing Finance 

$JHQF\ƓUVWPRUWJDJH

• DCA (forgivable loan, must be used in combination with North Dakota Housing Finance 

$JHQF\ƓUVWPRUWJDJH

Targeted Populations/

Special Programs: 

First-time homebuyers, single parents, active military or veterans, disabled household 

members, elderly household members 

Mortgage Tax 

&UHGLW&HUWLƓFDWH Not offered 

Homeownership

Education/Counseling: Not required; provides a link to eHome America online course. 

Individual 

Development Accounts: Not offered 

Fannie Mae/Freddie Mac 

HFA Mortgage 

Insurance Products: 

Not offered 

HELPFUL WEB LINKS 

North Dakota First Mortgage Programs LQFOXGLQJGRZQSD\PHQWDQGFORVLQJFRVWDVVLVWDQFHDQGSURJUDPVSHFLƓFLQFRPH

and purchase price limits) 

https://www.ndhfa.org/Homeownership/Programs.html 

North Dakota Participating Lenders List

https://www.ndhfa.org/Finance/ParticipatingLender.aspx 

North Dakota Resources for Lenders 

https://www.ndhfa.org/LenderReAgent/Intro.html 

North Dakota Interest Rates and Available Funds 

https://www.ndhfa.org/Finance/Rates2.aspx 

North Dakota Approved Homebuyer Education

https://www.ndhfa.org/Homeownership/Education.html 

FDIC | Affordable Mortgage Lending Guide 
76 | FDIC | Affordable Mortgage Lending Guide

HFA PRODUCTS AND RESOURCES 

Ohio Housing Finance Agency 

https://ohiohome.org/ 

First-Lien Mortgage Loans: 

• First Time Homebuyers

• Targeted and non-targeted areas 

(Census Tracts)

• Grants for Grads 

• Streamlined 203(k) Loan 

• Next Home 

• Ohio Heroes 

Special Mortgage Purpose 

Programs Eligible Uses: Purchase, rehabilitation 

Down Payment/

Closing Cost Assistance: Your Choice! Down Payment Assistance (deferred, forgivable loan) 

Targeted Populations/

Special Programs: 

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HPHUJHQF\PHGLFDODQGKHDOWKFDUHSURIHVVLRQDOVSROLFHRIƓFHUVWHDFKHUV

Mortgage Tax 

&UHGLW&HUWLƓFDWH Offered 

Homeownership

Education/Counseling: 

Required; Ohio Housing Finance Agency’s Streamlined Homebuyer Education 

online course or an approved HUD Counseling Agency course. 

Individual 

Development Accounts: Not offered 

Fannie Mae/Freddie Mac 

HFA Mortgage 

Insurance Products: 

Fannie Mae’s HFA Preferred (Low MI) 

HELPFUL WEB LINKS 

Ohio Down Payment and Closing Cost Assistance

http://www.myohiohome.org/downpaymentassistance.aspx 

Ohio Interest Rates 

http://myohiohome.org/index.aspx#rates 

Ohio First Mortgage Programs

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Ohio Streamlined 203(k) Loan

http://myohiohome.org/203k.aspx 

Ohio Heroes Program

http://myohiohome.org/ohioheroes.aspx 

Ohio Next Home 

http://myohiohome.org/nexthome.aspx 

Ohio Grants for Grads 

http://myohiohome.org/grantsforgrads.aspx 

2KLR0RUWJDJH7D[&UHGLW&HUWLƓFDWH

http://www.myohiohome.org/mortgagetaxcredit.aspx 

Ohio Participating Lenders List

http://www.myohiohome.org/lenders/default.aspx 

Ohio Approved Homebuyer Education

http://myohiohome.org/homebuyereducation.aspx 

FDIC | Affordable Mortgage Lending Guide 
77 | FDIC | Affordable Mortgage Lending Guide

HFA PRODUCTS AND RESOURCES 

Oklahoma Housing Finance Agency 

http://ohfa.org 

First-Lien Mortgage Loans: 

OHFA Advantage Loan Products

• OHFA Dream 

• OHFA Gold 

• OHFA 4 Teachers 

• OHFA Shield 

Special Mortgage Purpose 

Programs Eligible Uses: Purchase 

Down Payment/

Closing Cost Assistance: OHFA Advantage Down Payment Grant Assistance (grant) 

Targeted Populations/

Special Programs: )LUVWWLPHKRPHEX\HUVƓUHƓJKWHUVSROLFHRIƓFHUVWHDFKHUV

Mortgage Tax 

&UHGLW&HUWLƓFDWH Offered 

Homeownership

Education/Counseling: 

5HTXLUHGRQFRQYHQWLRQDOƓUVWORDQSURGXFWVRQO\/HQGHUSURYLGHVFRXQVHOLQJRSWLRQV

based on Fannie Mae requirements. 

Individual 

Development Accounts: Not offered 

Fannie Mae/Freddie Mac 

HFA Mortgage 

Insurance Products: 

Fannie Mae’s HFA Preferred (Low MI), Fannie Mae’s HFA Risk-Sharing (No MI); Freddie Mac’s 

HFA Advantage 

HELPFUL WEB LINKS 

Oklahoma First Mortgage Programs (including down payment and closing cost assistance) 

https://www.ok.gov/ohfa/Homebuyers/ 

2NODKRPD0RUWJDJH7D[&UHGLW&HUWLƓFDWH

https://www.ok.gov/ohfa/Homebuyers/OHFA_MCC.html 

Oklahoma Participating Lenders List

https://www.ok.gov/ohfa/Homebuyers/Find_A_Lender/index.html 

Oklahoma Resources for Lenders (including interest rates and income and purchase price limits) 

https://www.ok.gov/ohfa/Lenders/Lender_Resources/index.html 

Oklahoma Approved Homebuyer Education

Info not on site 

FDIC | Affordable Mortgage Lending Guide 
78 | FDIC | Affordable Mortgage Lending Guide

HFA PRODUCTS AND RESOURCES 

Oregon Housing and Community Services 

http://www.oregon.gov/OHCS 

First-Lien Mortgage Loans: 

Residential Loan Program

• RateAdvantage Home Loan

• CashAdvantage Home Loan 

Special Mortgage Purpose 

Programs Eligible Uses: Purchase 

Down Payment/

Closing Cost Assistance: 

Cash Advantage Home Loan Closing Cost Assistance (grant, must be used in combination 

ZLWK2UHJRQ+RXVLQJDQG&RPPXQLW\6HUYLFHVƓUVWPRUWJDJH

Targeted Populations/

Special Programs: First-time homebuyers 

Mortgage Tax 

&UHGLW&HUWLƓFDWH Not offered 

Homeownership

Education/Counseling: 

Required for some programs; Oregon Housing and Community Services provides a list 

of approved agencies across the state and a link to HomeSmart online program. 

Individual 

Development Accounts: Not offered; provided by partner agencies throughout the state. 

Fannie Mae/Freddie Mac 

HFA Mortgage 

Insurance Products: 

Not offered 

HELPFUL WEB LINKS 

Oregon First Mortgage Programs (including down payment and closing cost assistance) 

http://www.oregon.gov/ohcs/HD/SFF/brochures/brochure-residential-loan-program.pdf 

Oregon Participating Lenders List

http://o.hcs.state.or.us/lenders/lenderlocator.jsp 

Oregon Income Limits

http://www.oregon.gov/ohcs/HD/SFF/forms/oregon_bond_program_income_limits.pdf 

Oregon Purchase Price Limits

http://www.oregon.gov/ohcs/HD/SFF/forms/Property-Purchase-Price-Limits.pdf 

Oregon Resources for Lenders

http://www.oregon.gov/ohcs/Pages/oregon-bond-program-lender-resources.aspx 

Oregon Interest Rates

http://www.oregon.gov/ohcs/pages/oregon-bond-loan-program.aspx 

Oregon Approved Homebuyer Education

Online classes http://www.homesmartoregon.org/ 

In-person classes http://www.oregon.gov/ohcs/HD/SFF/brochures/home-buyer-education-programs-oregon.pdf 

Oregon Individual Development Accounts (partner organizations) 

http://www.oregon.gov/ohcs/pages/oregon-individual-development-account-initiative.aspx 

FDIC | Affordable Mortgage Lending Guide 
79 | FDIC | Affordable Mortgage Lending Guide

HFA PRODUCTS AND RESOURCES 

Pennsylvania Housing Finance Agency 

http://www.phfa.org/ 

First-Lien Mortgage Loans: 

• HFA Preferred (Lo MI) 

• HFA Preferred Risk Sharing (No MI)

• Keystone Home Loan

• Keystone Government Loan 

• Purchase Improvement 

• $&&(66+RPH0RGLƓFDWLRQ

• )+$6WUHDPOLQH5HƓQDQFH

• 9$,QWHUHVW5DWH5HGXFWLRQ5HƓQDQFLQJ

Loan (IRRRL) 

Special Mortgage Purpose 

Programs Eligible Uses: 3XUFKDVHUHƓQDQFHUHKDELOLWDWLRQ

Down Payment/

Closing Cost Assistance: 

• Keystone Advantage Assistance Loan Program (loan, zero percent interest)

• HOMEstead Down Payment and Closing Cost Assistance Loan (loan, deferred 

and forgivable)

• ACCESS Down Payment and Closing Cost Assistance (deferred payment, zero percent 

interest, must be used in combination with a Pennsylvania Housing Finance Agency 

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Targeted Populations/

Special Programs: First-time and repeat homebuyers, persons with a disability 

Mortgage Tax 

&UHGLW&HUWLƓFDWH Offered 

Homeownership

Education/Counseling: 

Required; Pennsylvania Housing Finance Agency provides a list of approved agencies 

across the state and Pennsylvania Housing Finance Agency online course. 

Individual 

Development Accounts: Not offered 

Fannie Mae/Freddie Mac 

HFA Mortgage 

Insurance Products: 

Fannie Mae’s HFA Preferred (Low MI); Fannie Mae’s HFA Risk Sharing (No MI) 

HELPFUL WEB LINKS 

Pennsylvania First Mortgage Programs (including down payment and closing cost assistance) 

http://www.phfa.org/programs/homepurchase.aspx 

3HQQV\OYDQLD0RUWJDJH7D[&UHGLW&HUWLƓFDWH

http://www.phfa.org/forms/sellersguide/forms/02.pdf 

Pennsylvania HFA Income Limits

http://www.phfa.org/forms/sellersguide/appendices/b.pdf 

Pennsylvania Keystone Income and Purchase Price Limits

http://www.phfa.org/forms/sellersguide/appendices/a.pdf 

Pennsylvania Approved Homebuyer Education

http://www.phfa.org/counseling/homebuyers.aspx 

FDIC | Affordable Mortgage Lending Guide 
| FDIC | 80 Affordable Mortgage Lending Guide

HFA PRODUCTS AND RESOURCES 

Puerto Rico Housing Finance Authority 

KWWSZZZJGESXUFRPSULQFLSDOVXEVLGLDULHVKRXVLQJƓQDQFHDXWKRULW\KWPO

First-Lien Mortgage Loans: Not offered 

Special Mortgage Purpose 

Programs Eligible Uses: Not applicable 

Down Payment/

Closing Cost Assistance: The HOME Program 

Targeted Populations/

Special Programs: Not applicable 

Mortgage Tax 

&UHGLW&HUWLƓFDWH Not offered 

Homeownership

Education/Counseling: Not applicable 

Individual 

Development Accounts: Not offered 

HELPFUL WEB LINKS 

PRHFA Programs

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FDIC | Affordable Mortgage Lending Guide 
81 | FDIC | Affordable Mortgage Lending Guide

HFA PRODUCTS AND RESOURCES 

Rhode Island Housing 

http://www.rhodeislandhousing.org/ 

First-Lien Mortgage Loans: 

• FirstHomes 100 

• FirstHomes 100+ 

• 5HƓQDQFH/RDQV

Special Mortgage Purpose 

Programs Eligible Uses: 3XUFKDVHUHƓQDQFHUHKDELOLWDWLRQ

Down Payment/

Closing Cost Assistance: 

• First Homes Down Payment Assistance (loan)

• Closing Cost Assistance (loan) 

Targeted Populations/

Special Programs: First-time homebuyers 

Mortgage Tax 

&UHGLW&HUWLƓFDWH Offered 

Homeownership

Education/Counseling: 

Required; Rhode Island Housing offers in-person and Home America online classes, and 

landlord-tenant classes. 

Individual 

Development Accounts: Not offered 

Fannie Mae/Freddie Mac 

HFA Mortgage 

Insurance Products: 

Fannie Mae’s HFA Preferred (Low MI); Fannie Mae’s HFA Risk Sharing (No MI) 

HELPFUL WEB LINKS 

Rhode Island Mortgage Programs (including down payment and closing cost assistance loans) 

http://loans.rhodeislandhousing.org/Loan_options/ 

Rhode Island FirstHomes Tax Credit (MCC)

http://loans.rhodeislandhousing.org/FirstHomesTaxCreditprogram/ 

Rhode Island Participating Lenders List

http://loans.rhodeislandhousing.org/ParticipatingLenders/ 

Rhode Island Income Limits 

Included in individual program descriptions 

Rhode Island Resources for Lenders 

http://www.rhodeislandhousing.org/sp.cfm?pageid=683 

Rhode Island Interest Rates 

http://loans.rhodeislandhousing.org/Rates/ 

Rhode Island Approved Homebuyer Education

http://loans.rhodeislandhousing.org/Homebuyer_education_classes/ 

FDIC | Affordable Mortgage Lending Guide 
82 | FDIC | Affordable Mortgage Lending Guide

HFA PRODUCTS AND RESOURCES 

South Carolina State Housing Finance and Development Authority 

http://www.schousing.com/ 

First-Lien Mortgage Loans: SC Housing Homebuyer Program 

Special Mortgage Purpose 

Programs Eligible Uses: Purchase 

Down Payment/

Closing Cost Assistance: SC Housing Homebuyer Program Down Payment Assistance 

Targeted Populations/

Special Programs: First-time homebuyers 

Mortgage Tax 

&UHGLW&HUWLƓFDWH Offered 

Homeownership

Education/Counseling: 

Required if borrower receives forgivable down payment assistance or receives 

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Individual 

Development Accounts: Not offered 

HELPFUL WEB LINKS 

South Carolina First Mortgage Programs (including down payment and closing cost assistance) 

http://www.schousing.com/First-Time_Home_Buyers/Programs_Available 

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http://www.schousing.com/First-Time_Home_Buyers/mortgagetaxcredit 

South Carolina Participating Lenders List

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South Carolina Income Limits 

http://www.schousing.com/images/HOMEOWNERSHIPPROGRAMmkt100215.pdf 

South Carolina Resources for Lenders 

http://www.schousing.com/Lending_Partners 

South Carolina Interest Rates 

http://www.schousing.com/library/Homeownership/CURRENTRATESHEET.pdf 

South Carolina Approved Homebuyer Education

Not Required; No information on homebuyer education provided 

FDIC | Affordable Mortgage Lending Guide 
83 | FDIC | Affordable Mortgage Lending Guide

HFA PRODUCTS AND RESOURCES 

South Dakota Housing Development Authority 

http://www.sdhda.org/ 

First-Lien Mortgage Loans: • First-Time Homebuyer Program

• Repeat Homebuyer Loan Program 

Special Mortgage Purpose 

Programs Eligible Uses: Purchase 

Down Payment/

Closing Cost Assistance: Fixed Rate Plus Loan (grant) 

Targeted Populations/

Special Programs: First-time homebuyers, active military or veterans 

Mortgage Tax 

&UHGLW&HUWLƓFDWH Offered 

Homeownership

Education/Counseling: 

Individual 

Development Accounts: Not offered 

Fannie Mae/Freddie Mac 

HFA Mortgage 

Insurance Products: 

Fannie Mae’s HFA Preferred (Low MI) 

Not required; provides a link to South Dakota Housing Development Authority 

sponsored Homeownership Education Resource Organization (HERO) for a list of

available classes. 

HELPFUL WEB LINKS 

South Dakota Down Payment and Closing Cost Assistance

http://www.sdhda.org/homeownership/downpayment-assistance.html 

South Dakota First Mortgage Programs

http://www.sdhda.org/homeownership/homebuyers.html 

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KWWSZZZVGKGDRUJKRPHRZQHUVKLSƓUVWWLPHKRPHEX\HUVGKGDWD[FUHGLWPFFKWPO

South Dakota Participating Lenders List

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South Dakota First-Time Homebuyer Program Income Limits

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South Dakota Repeat Homebuyer Income Limits

http://www.sdhda.org/homeownership/repeat-homebuyer-loan-program.html 

South Dakota Resources for Lenders 

http://www.sdhda.org/about-sdhda/lenders.html 

South Dakota Interest Rates 

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South Dakota Approved Homebuyer Education

http://sdhomebuyered.org/content/education/homeownership-education.html 

FDIC | Affordable Mortgage Lending Guide 
84 | FDIC | Affordable Mortgage Lending Guide

HFA PRODUCTS AND RESOURCES 

Tennessee Housing Development Agency 

http://thda.org/ 

First-Lien Mortgage Loans: • Great Choice 

• Great Choice Homeownership for the Brave 

Special Mortgage Purpose 

Programs Eligible Uses: Purchase 

Down Payment/

Closing Cost Assistance: 

• Great Choice Plus (zero percent interest, deferred payment, forgivable loan)

• Hardest Hit Fund Down Payment Program 

Targeted Populations/

Special Programs: First-time homebuyers, active military or veterans 

Mortgage Tax 

&UHGLW&HUWLƓFDWH Offered 

Homeownership

Education/Counseling: 

Required; Tennessee Housing Development Agency provides a list of approved 

in-person classes across the state and eHome America. 

Individual 

Development Accounts: Not offered 

Fannie Mae/Freddie Mac 

HFA Mortgage 

Insurance Products: 

Not offered 

HELPFUL WEB LINKS 

Tennessee Down Payment and Closing Cost Assistance

https://thda.org/homebuyers/down-payment-assistance-1 

Tennessee First Mortgage Programs

http://thda.org/homebuyers/homebuyers 

Tennessee Participating Lenders List

http://resources.thda.org/gclenders/lender/lender.html 

Tennessee Income Limits 

https://s3.amazonaws.com/thda.org/Documents/Business-Partners/Lenders-and-Servicers/Eligibility-Requirements-andConditions/Current-Acquisition-Limits-pdf.pdf 

Tennessee Resources for Lenders 

http://thda.org/business-partners/lenders 

Tennessee Interest Rates 

http://thda.org/business-partners/lenders 

Tennessee Approved Homebuyer Education

In person classes http://www.hbeicalendar.thda.org/#1 

Online classes http://thda.ehomeamerica.org/ 

FDIC | Affordable Mortgage Lending Guide 
85 | FDIC | Affordable Mortgage Lending Guide

HFA PRODUCTS AND RESOURCES 

Texas Department of Housing and Community Affairs 

http://www.tdhca.state.tx.us 

First-Lien Mortgage Loans: My First Texas Home 

Special Mortgage Purpose 

Programs Eligible Uses: Purchase 

Down Payment/

Closing Cost Assistance: 

My First Texas Home Down Payment and Closing Cost Assistance (zero percent 

interest, deferred payment loan, must be used in combination with My First Texas 

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Targeted Populations/

Special Programs: First-time homebuyers 

Mortgage Tax 

&UHGLW&HUWLƓFDWH Offered 

Homeownership

Education/Counseling: 

Required; Texas Department of Housing and Community Affairs provides a list of

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Individual 

Development Accounts: Not offered 

Fannie Mae/Freddie Mac 

HFA Mortgage 

Insurance Products: 

Fannie Mae’s HFA Preferred (Low MI) 

HELPFUL WEB LINKS 

Texas First Mortgage Programs (includes down payment and closing cost assistance) 

http://www.tdhca.state.tx.us/homeownership/fthb/docs/homeownership-program-handbook.pdf 

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KWWSZZZWGKFDVWDWHW[XVKRPHRZQHUVKLSIWKEPRUWBFUHGBFHUWLƓFDWHKWP

Texas Participating Lenders List

http://www.tdhca.state.tx.us/homeownership/fthb/fthb-lenders.htm 

Texas Income and Purchase Price Limits 

http://www.tdhca.state.tx.us/homeownership/fthb/docs/limits.pdf 

Texas Resources for Lenders 

http://www.tdhca.state.tx.us/homeownership/fthb/lender_documentation.htm 

Texas Approved Homebuyer Education

http://www.tdhca.state.tx.us/homeownership/fthb/docs/TSHEPProviders.pdf 

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FDIC | Affordable Mortgage Lending Guide 
86 | FDIC | Affordable Mortgage Lending Guide

HFA PRODUCTS AND RESOURCES 

Utah Housing Corporation 

https://utahhousingcorp.org/ 

First-Lien Mortgage Loans: 

• FirstHome Loan 

• HomeAgain Loan

• Score Loan 

• NoMI Loan 

• 6WUHDPOLQH5HƓQDQFH3URJUDP

Special Mortgage Purpose 

Programs Eligible Uses: 3XUFKDVHUHƓQDQFH

Down Payment/

Closing Cost Assistance: 

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depending on loan program; fully amortizing, 30-year 2nd mortgage must be used in 

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Targeted Populations/

Special Programs: First-time homebuyers, low- and moderate-income homebuyers 

Mortgage Tax 

&UHGLW&HUWLƓFDWH Not offered 

Homeownership

Education/Counseling: 

Required for some programs. Utah Housing Corporation provides a list of approved 

agencies across the state and approved online programs. 

Individual 

Development Accounts: Not offered 

Fannie Mae/Freddie Mac 

HFA Mortgage 

Insurance Products: 

Fannie Mae’s HFA Risk-Sharing (No MI); Freddie Mac’s HFA Advantage 

HELPFUL WEB LINKS 

Utah First Mortgage Programs (including down payment and closing cost assistance) 

https://utahhousingcorp.org/pdf/HomebuyerMatrix.pdf 

Utah Participating Lenders List

https://utahhousingcorp.org/HTML/hom1ParticipatingLenders.shtml 

Utah Income and Purchase Price Limits 

https://utahhousingcorp.org/HTML/hom1IncomeAndPurchaseLimits.shtml 

Utah Resources for Lenders (including interest rates) 

https://utahhousingcorp.org/HTML/lender.shtml 

Utah Approved Homebuyer Education

https://utahhousingcorp.org/HTML/homCounseling.shtml 

FDIC | Affordable Mortgage Lending Guide 
87 | FDIC | Affordable Mortgage Lending Guide

HFA PRODUCTS AND RESOURCES 

Vermont Housing Finance Agency 

http://www.vhfa.org/ 

First-Lien Mortgage Loans: • MOVE Program

• Advantage Program 

• Move MCC Program 

Special Mortgage Purpose 

Programs Eligible Uses: Purchase 

Down Payment/

Closing Cost Assistance: 

ASSIST Loan (zero percent interest, deferred loan, must be used in combination with 

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Targeted Populations/

Special Programs: None 

Mortgage Tax 

&UHGLW&HUWLƓFDWH Offered 

Homeownership

Education/Counseling: 

Required on conventional and government loan products and down payment assistance 

programs. Education must meet national industry standards or be HUD-approved.

Online or in-person options are allowable, depending upon the program. 

Individual 

Development Accounts: Not offered 

Fannie Mae/Freddie Mac 

HFA Mortgage 

Insurance Products: 

Fannie Mae’s HFA Preferred (Low MI) 

HELPFUL WEB LINKS 

Vermont Down Payment and Closing Cost Assistance

http://www.vhfa.org/homebuyers/loanprograms/downpaymentassistance 

Vermont First Mortgage Programs

http://www.vhfa.org/homebuyers/loanprograms/mortgageloanoptions 

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KWWSZZZYKIDRUJKRPHEX\HUVORDQSURJUDPVPRUWJDJHFUHGLWFHUWLƓFDWH

Vermont Participating Lenders List

http://www.vhfa.org/homebuyers/lenders 

Vermont Income and Purchase Price Limits 

http://www.vhfa.org/homebuyers/limits 

Vermont Resources for Lenders 

http://www.vhfa.org/partners/lenders 

Vermont Interest Rates and Available Funds 

http://www.vhfa.org/homebuyers/rates 

Vermont Approved Homebuyer Education

Not Required; no information provided on site 

FDIC | Affordable Mortgage Lending Guide 
88 | FDIC | Affordable Mortgage Lending Guide

HFA PRODUCTS AND RESOURCES 

Virginia Housing Development Authority 

http://www.vhda.com/ 

First-Lien Mortgage Loans: 

• VHDA 30-Year Fixed Rate Loans 

• FHA Plus 

• )+$6WUHDPOLQH5HƓQDQFH

• VA 

• VA IRRR 

• Rural Development

• Fannie Mae HFA Preferred No MI 

• Fannie Mae Reduced MI 

• FHA-Insured 30-Year Fixed-Rate Loans 

Special Mortgage Purpose 

Programs Eligible Uses: 3XUFKDVHUHƓQDQFH

Down Payment/

Closing Cost Assistance: 

• FHA Plus Down Payment and Closing Cost Assistance (loan)

• Down Payment Assistance Grant 

Targeted Populations/

Special Programs: First-time homebuyers 

Mortgage Tax 

&UHGLW&HUWLƓFDWH Offered 

Homeownership

Education/Counseling: 

Required; Virginia Housing Development Authority provides classes across the state 

and an online course. 

Individual 

Development Accounts: Not offered 

Fannie Mae/Freddie Mac 

HFA Mortgage 

Insurance Products: 

Fannie Mae’s HFA Preferred (Low MI), Fannie Mae’s HFA Risk-Sharing (No MI) 

HELPFUL WEB LINKS 

Virginia First Mortgage Programs (including down payment and closing cost assistance) 

http://www.vhda.com/Homebuyers/VHDAHomeLoans/Pages/VHDAHomeLoans.aspx#.VrI1vCMrKM8 

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Virginia Participating Lenders List

http://www.vhda.com/Homebuyers/FindALender/Pages/FindALender.aspx#.VrI0HiMrKM8 

Virginia Income and Sales Price Limits

http://www.vhda.com/Homebuyers/VHDAHomeLoans/Pages/IncomeSalesPriceLoanLimits.aspx#.VrI0BiMrKM8 

Virginia Resources for Lenders

http://www.vhda.com/BusinessPartners/Lenders/Pages/Lenders.aspx#.VrI0QiMrKM8 

Virginia Interest Rates and Available Funds

http://www.vhda.com/BusinessPartners/Lenders/LenderToolsResources/Pages/New-Loan-Reservation-System.aspx#.VrI0zSMrKM8 

Virginia Approved Homebuyer Education

http://www.vhda.com/Homebuyers/HomeownershipEdu/Pages/HomeownershipEdu.aspx#.VrI1-SMrKM8 

FDIC | Affordable Mortgage Lending Guide 
89 | FDIC | Affordable Mortgage Lending Guide

HFA PRODUCTS AND RESOURCES 

Virgin Islands Housing Finance Authority 

http://www.vihfa.gov/ 

First-Lien Mortgage Loans:1 • Homestead Loan Program

• Lot Sale Program 

• Veteran Loan Program 

Special Mortgage Purpose 

Programs Eligible Uses: 3XUFKDVHUHKDELOLWDWLRQODQGDFTXLVLWLRQUHƓQDQFH

Down Payment/

Closing Cost Assistance: HOME Program (loans and grants) 

Targeted Populations/

Special Programs: First-time homebuyers, active military or veterans 

Mortgage Tax 

&UHGLW&HUWLƓFDWH Not offered 

Homeownership

Education/Counseling: 

Required; Virgin Islands Housing Finance Authority offers Homebuyer’s 

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Individual 

Development Accounts: Not offered 

HELPFUL WEB LINKS 

Virgin Islands Down Payment and Closing Cost Assistance

http://www.vihfa.gov/programs/federal-programs/home-program 

Virgin Islands First Mortgage Programs

http://www.vihfa.gov/programs/homeownership-programs 

Virgin Islands Participating Lenders List

Not applicable 

Virgin Islands Income Limits

http://www.vihfa.gov/programs/homeownership-programs 

Virgin Islands Approved Homebuyer Education

http://www.vihfa.gov/services/counseling-outreach-services 

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private lenders may refer customers, but do not participate in the origination process. 

FDIC | Affordable Mortgage Lending Guide 
 

 

90 | FDIC | Affordable Mortgage Lending Guide

HFA PRODUCTS AND RESOURCES 

Washington State Housing Finance Commission 

http://wshfc.org/ 

First-Lien Mortgage Loans: • Home Advantage

• House Key Opportunity 

Special Mortgage Purpose 

Programs Eligible Uses: Purchase 

Down Payment/

Closing Cost Assistance: 

Targeted Populations/

Special Programs: First-time homebuyers 

Mortgage Tax 

&UHGLW&HUWLƓFDWH Offered periodically, check website 

Homeownership

Education/Counseling: 

Individual 

Development Accounts: Not offered 

Fannie Mae/Freddie Mac 

HFA Mortgage 

Insurance Products: 

Fannie Mae’s HFA Preferred (Low MI) 

• Home Advantage Down Payment 

Assistance (zero percent interest,

deferred loan) 

• HomeChoice (deferred loan)

• Seattle (deferred loan)

• ARCH East King County (deferred loan)

• Tacoma Down Payment Assistance 

(deferred loan) 

• Bellingham (deferred loan)

• House Key Veterans (deferred loan)

• Opportunity Down Payment Assistance 

(deferred loan)

• Bremerton Down Payment Assistance 

(deferred loan)

• Pierce County Down Payment Assistance 

Program (deferred loan) 

Required; Washington State Housing Finance Commission sponsors classes across the 

state. Also allows eHome America online course. 

HELPFUL WEB LINKS 

Washington Down Payment and Closing Cost Assistance

http://wshfc.org/buyers/downpayment.htm 

Washington Resources for Lenders

http://wshfc.org/sf/index.htm 

Washington First Mortgage Programs (including interest rates) 

http://wshfc.org/buyers/HomeAdvantage.htm 

Washington Approved Homebuyer Education

http://wshfc.org/buyers/education.htm 

http://wshfc.org/buyers/key.htm 

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http://wshfc.org/buyers/MCCprogram.htm 

Washington Participating Lenders List

http://wshfc.org/buyers/premier.htm 

Washington Income Limits (scroll to the bottom of the page) 

http://wshfc.org/buyers/HomeAdvantage.htm#limits 

http://wshfc.org/buyers/key.htm#limits 

FDIC | Affordable Mortgage Lending Guide 
91 | FDIC | Affordable Mortgage Lending Guide

HFA PRODUCTS AND RESOURCES 

West Virginia Housing Development Fund 

http://wvhdf.com/ 

First-Lien Mortgage Loans: • Homeownership Program

• Movin’ Up Loan Program 

• :9+')5HƓQDQFH3URJUDP

Special Mortgage Purpose 

Programs Eligible Uses: 3XUFKDVHUHƓQDQFH

Down Payment/

Closing Cost Assistance: 

Down Payment and Closing Cost Assistance Program (loan, must be used in combination 

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Targeted Populations/

Special Programs: First-time homebuyers 

Mortgage Tax 

&UHGLW&HUWLƓFDWH Not offered 

Homeownership

Education/Counseling: 

Required; West Virginia Housing Development Fund provides a link to data.gov.hud for 

list of classes. 

Individual 

Development Accounts: Not offered 

Fannie Mae/Freddie Mac 

HFA Mortgage 

Insurance Products: 

Fannie Mae’s HFA Preferred (Low MI) 

HELPFUL WEB LINKS 

West Virginia Down Payment and Closing Cost Assistance

http://www.wvhdf.com/home-buyers/down-paymentclosing-cost-assistance 

West Virginia First Mortgage Programs

http://www.wvhdf.com/home-buyers/homeownership-program 

http://www.wvhdf.com/home-buyers/movin-loan-program 

West Virginia Participating Lenders List

http://www.wvhdf.com/lenders 

West Virginia Income and Sales Price Limits

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West Virginia Resources for Lenders

http://www.wvhdf.com/lending-partners 

West Virginia Approved Homebuyer Education

http://data.hud.gov/housing_counseling.html 

FDIC | Affordable Mortgage Lending Guide 
 

 

92 | FDIC | Affordable Mortgage Lending Guide

HFA PRODUCTS AND RESOURCES 

Wisconsin Housing and Economic Development Authority (WHEDA) 

http://www.wheda.com/ 

First-Lien Mortgage Loans: 

• WHEDA Advantage

• WHEDA FHA Advantage

• First-Time Homebuyer Advantage 

• Veterans Affordable Loan Opportunity 

Rate (VALOR) 

Special Mortgage Purpose 

Programs Eligible Uses: Purchase 

Down Payment/

Closing Cost Assistance: 

• Easy Close Advantage (second mortgage loan, must be used in combination with a 

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• Capital Access Advantage (0% APR, deferred payment second mortgage loan, must be 

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Targeted Populations/

Special Programs: First-time homebuyers, honorably discharged military veterans who have served active duty 

Mortgage Tax 

&UHGLW&HUWLƓFDWH Offered 

Homeownership

Education/Counseling: Required; provides a list of state-wide approved agencies and online courses. 

Individual 

Development Accounts: Not offered 

Fannie Mae/Freddie Mac 

HFA Mortgage 

Insurance Products: 

Fannie Mae’s HFA Preferred (Low MI); Fannie Mae’s HFA Risk-Sharing (No MI) 

HELPFUL WEB LINKS 

Wisconsin Down Payment and Closing Cost Assistance

https://www.wheda.com/Home-Buyers/Available-Programs/ 

Wisconsin First Mortgage Programs

https://www.wheda.com/Home-Buyers/Available-Programs/ 

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https://www.wheda.com/Home-Buyers/Available-Programs/ 

Wisconsin Participating Lenders List

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Wisconsin Loan Servicing

https://www.wheda.com/Business-Lending/Loan-Servicing/ 

https://www.wheda.com/Homeowners/
 

Wisconsin Resources for Lenders 

https://www.wheda.com/Mortgage-Lenders/Getting-Started/ 

https://www.wheda.com/Lender-Toolkit/ 

Wisconsin Approved Homebuyer Education

https://www.wheda.com/Home-Buyers/Home-Buyer-Education/ 

FDIC | Affordable Mortgage Lending Guide 
93 | FDIC | Affordable Mortgage Lending Guide

HFA PRODUCTS AND RESOURCES 

Wyoming Community Development Authority 

http://www.wyomingcda.com/ 

First-Lien Mortgage Loans: 

• Standard First-Time Homebuyer product

• HFA Preferred with MI product

• HFA Preferred No MI product

• WCDA Advantage product 

• Spruce Up Wyoming

• Home Again reduced rate

• Military Preference reduced rate

• Veterans Exception 

Special Mortgage Purpose 

Programs Eligible Uses: 3XUFKDVHUHƓQDQFHUHKDELOLWDWLRQ

Down Payment/

Closing Cost Assistance: 

• Amortization Down Payment Loan Program (loan)

• Home$tretch Down Payment Assistance (loan) 

Targeted Populations/

Special Programs: First-time homebuyers 

Mortgage Tax 

&UHGLW&HUWLƓFDWH Offered 

Homeownership

Education/Counseling: 

Individual 

Development Accounts: Not offered 

Fannie Mae/Freddie Mac 

HFA Mortgage 

Insurance Products: 

Fannie Mae’s HFA Preferred (Low MI); Fannie Mae’s HFA Risk-Sharing (No MI) 

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Wyoming Community Development Authority has partnered with the Wyoming Housing 

Network, Inc. for the online education class plus a one-on-one budgeting session. 

HELPFUL WEB LINKS 

Wyoming First Mortgage Programs and Down Payment and Closing Cost Assistance

http://www.wyomingcda.com/index.php/homebuyers/C13 

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http://www.wyomingcda.com/index.php/homebuyers/C213 

Wyoming Participating Lenders List

http://www.wyomingcda.com/index.php/about/C111 

Wyoming Income Limits and Sales Price

http://www.wyomingcda.com/index.php/homebuyers/C59 

Wyoming Resources for Lenders

http://www.wyomingcda.com/index.php/lenderspartners/C103 

Wyoming Interest Rates

http://www.wyomingcda.com/index.php/rates 

Wyoming Approved Homebuyer Education

http://www.wyomingcda.com/index.php/homebuyers/C14 

FDIC | Affordable Mortgage Lending Guide