Quick Links provides easy access to specific affordable housing programs from federal agencies and the government sponsored enterprises. These programs include guarantee, loan purchase, and subsidy programs that can facilitate mortgage lending by insured depository institutions. It includes programs and products that support home purchase, refinance, manufactured housing, and some home improvement lending by banks. Below you can find direct links to specific HUD/FHA loan programs, USDA rural housing programs, VA, and CDFI Fund programs, as well as Fannie Mae and Freddie Mac products for affordable housing.
PDF Help- FHA Title I: Property Improvement Loan Insurance (hud.gov)
- FHA Title I: Manufactured Home Loan Insurance (hud.gov)
- FHA Title II: 203(b) Mortgage Insurance Program (hud.gov)
- FHA Title II: Streamline Refinance (hud.gov)
- FHA Title II: 203(k) Rehabilitation Mortgage Insurance (hud.gov)
- Home Equity Conversion Mortgage (HECM) (hud.gov)
- HUD 184 Indian Home Loan Guarantee (hud.gov)
- HUD Good Neighbor Next Door (hud.gov)
- Single Family Housing Guaranteed Loan Program (rd.usda.gov)
- Single Family Direct Loans (rd.usda.gov)
- Single Family Housing Repair Loans and Grants (rd.usda.gov)
- Home Purchase Loan Program (va.gov)
- Interest Rate Reduction Refinance Loan (va.gov)
- Cash-out Refinance Loan (va.gov)
- Native American Direct Loan (va.gov)
- Bank Enterprise Awards (cdfifund.gov)
- CDFI Program (cdfifund.gov)
- CDFI Bond Guarantee Program Benefits (cdfifund.gov)
- Native Initiatives Benefits (cdfifund.gov)
- Capital Magnet Fund (cdfifund.gov)
- HomeReady™ Mortgage (singlefamily.fanniemae.com)
- Standard 97 Percent Loan-to-Value Mortgage (singlefamily.fanniemae.com)
- HFA Preferred (singlefamily.fanniemae.com)
- HomeStyle® Renovation Mortgage (selling-guide.fanniemae.com)
- HomeStyle Energy (singlefamily.fanniemae.com)
- Standard Manufactured Housing Mortgage (singlefamily.fanniemae.com)
- MH Advantage™ (singlefamily.fanniemae.com)
- Shared Equity Programs (singlefamily.fanniemae.com)
- Native American Homeownership (singlefamily.fanniemae.com)
- RefiNow (singlefamily.fanniemae.com)
- High LTV Refinance Option (HIRO) (singlefamily.fanniemae.com)
- HomeOne (sf.freddiemac.com)
- HomePossible (sf.freddiemac.com)
- CHOICERenovation Mortgage (sf.freddiemac.com)
- CHOICEReno eXPress Mortgage (sf.freddiemac.com)
- Manufactured Home Mortgage (myhome.freddiemac.com)
- Affordable Seconds (sf.freddiemac.com)
- CHOICEHome Mortgages (sf.freddiemac.com)
- GreenCHOICE Mortgages (sf.freddiemac.com)
- HUD-Guaranteed Section 184 Native American Mortgages (hud.gov)
- HFA Advantage (sf.freddiemac.com)
- Refi Possible (sf.freddiemac.com)
- Relief Refinance Mortgages - Same Servicer (sf.freddiemac.com)
- Relief Refinance Mortgages - Open Access (sf.freddiemac.com)
- Enhanced Relief Refinance Mortgage (FMERR) (sf.freddiemac.com)
While home ownership continues to be a goal for most Americans, many people struggle to gain access to affordable homeownership opportunities. Community banks can, and do, play a valuable role in meeting the demand for affordable mortgage credit. This matrix provides useful information to assist bankers in considering all the options to serve their communities with prudently underwritten and affordable mortgage products.
This table is best viewed on a larger display.
|
AgencyAgy |
Program NameProg |
Low and Moderate IncomeInc |
First Time Homebuyer1st Home |
PurchasePurch |
RefinanceRefi |
Rehabilitation/ RepairsRehab |
Manufactured HomesManu |
Native AmericansNat. Amer. |
VeteransVets |
Victims of a DisasterDisaster |
RuralRural |
SeniorsSeniors |
Persons With DisabilitiesDisabled |
Public ServantsPub. Serv. |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| HUD/ FHA | FHA Title I: Property Improvement Loan Insurance | Refinance | Rehabilitation / Repairs | Persons with Disabilities | ||||||||||
| HUD/ FHA | FHA Title I: Manufactured Home Loan Insurance | Low and Moderate Income | Purchase | Refinance | Manufactured Homes | |||||||||
| HUD/ FHA | FHA Title II: 203(b) Mortgage Insurance Program | Low and Moderate Income | First-Time Homebuyer | Purchase | Refinance | 247 & 248Native Americans | 203(h)Victims of a disaster | |||||||
| HUD/ FHA | FHA Title II: Streamline Refinance | First-Time Homebuyer | Purchase | Refinance | 247 & 248Native Americans | 203(h)Victims of a disaster | ||||||||
| HUD/ FHA | FHA Title II: 203(k) Rehabilitation Mortgage Insurance | First-Time Homebuyer | Purchase | Refinance | Rehabilitation/ Repairs | |||||||||
| HUD/ FHA | Home Equity Conversion Mortgage (HECM) | Refinance | Seniors | |||||||||||
| HUD/ FHA | HUD 184 Indian Home Loan Guarantee | Low and Moderate Income | Purchase | Refinance | Rehabilitation/ Repairs | Native Americans | Persons With Disabilities | |||||||
| HUD/ FHA | HUD Good Neighbor Next Door | Purchase | Public Servants | |||||||||||
| USDA | Single Family Housing Guaranteed Loan Program | Low and Moderate Income | First-Time Homebuyer | Purchase | Refinance | Rehabilitation / Repairs | Manufactured Homes | Veterans | Rural | Persons With Disabilities | ||||
| USDA | Single Family Direct Loans | Low and Moderate Income | First-Time Homebuyer | Purchase | Rehabilitation / Repairs | Manufactured homesVariation | victims of a diasterVariation | Rural | Persons With Disabilities | |||||
| USDA | Single Family Housing Repair Loans and Grants | Low and Moderate Income | Rehabilitation / Repairs | Veterans | Rural | Seniors | Persons With Disabilities | |||||||
| VA | Home Purchase Loan Program | First-Time Homebuyer | Purchase | Rehabilitation / Repairs | Manufactured Homes | Native AmericansTribal Land | Veterans | Persons With Disabilities | ||||||
| VA | Interest Rate Reduction Refinance Loan | Refinance | Veterans | Persons With Disabilities | ||||||||||
| VA | Cash-out Refinance Loan | Refinance | Veterans | Persons With Disabilities | ||||||||||
| VA | Native American Direct Loan | Purchase | Refinance | Native Americans | Veterans | Persons With Disabilities | ||||||||
| CDFI Fund | Bank Enterprise Awards | Low and Moderate Income | Purchase | Refinance | Rehabilitation / Repairs | Manufactured Homes | Persons With Disabilities | |||||||
| CDFI Fund | CDFI Program | Low and Moderate Income | Purchase | Refinance | Rehabilitation / Repairs | Manufactured Homes | Native Americans | |||||||
| CDFI Fund | CDFI Bond Guarantee Program Benefits | Low and Moderate Income | Purchase | Refinance | Manufactured Homes | |||||||||
| CDFI Fund | Native Initiatives Benefits | Low and Moderate Income | Purchase | Refinance | Rehabilitation / Repairs | Native Americans | ||||||||
| CDFI Fund | Capital Magnet Fund | Low and Moderate Income | Purchase | Rehabilitation / Repairs | Manufactured Homes | |||||||||
| Fannie Mae | HomeReadyTM Mortgage | Low and Moderate Income | First-Time Homebuyer | Purchase | Refinance | Manufactured Homes | Veterans | Persons with Disabilities | Public Servants | |||||
| Fannie Mae | Standard 97 Percent Loan-To-Value Mortgage | Low and Moderate Income | First-Time Homebuyer | Purchase | Refinance | |||||||||
| Fannie Mae | HFA Preferred | Low and Moderate Income | Purchase | Refinance | Manufactured Homes | |||||||||
| Fannie Mae | HomeStyle® Renovation Mortgage | Purchase | Refinance | Rehabilitation / Repairs | Persons with Disabilities | |||||||||
| Fannie Mae | HomeStyle Energy | Purchase | Refinance | Rehabilitation / Repairs | Victims of Disaster | |||||||||
| Fannie Mae | Standard Manufactured Housing Mortgage | Purchase | Refinance | Manufactured Homes | ||||||||||
| Fannie Mae | MH AdvantageTM | Purchase | Refinance | Manufactured Homes | ||||||||||
| Fannie Mae | Shared Equity Programs | Low and Moderate Income | Purchase | Refinance | ||||||||||
| Fannie Mae | Native American Homeownership | Low and Moderate Income | Purchase | Refinance | Rehabilitation / Repairs | Native Americans | Persons with Disabilities | |||||||
| Fannie Mae | RefiNow | Refinance | ||||||||||||
| Fannie Mae | High LTV Refinance Option (HIRO)* | Refinance | ||||||||||||
| Freddie Mac | HomeOne | First-Time Homebuyer | Purchase | Refinance | ||||||||||
| Freddie Mac | HomePossible | Low and Moderate Income | First-Time Homebuyer | Purchase | Refinance | Manufactured Homes | ||||||||
| Freddie Mac | CHOICERenovation Mortgage | Purchase | Refinance | Rehabilitation / Repairs | Manufactured Homes | |||||||||
| Freddie Mac | CHOICEReno eXPress Mortgage | Purchase | Refinance | Rehabilitation / Repairs | Manufactured Homes | |||||||||
| Freddie Mac | Manufactured Home Mortgage | Purchase | Refinance | Manufactured Homes | Persons with Disabilities | |||||||||
| Freddie Mac | Affordable Seconds | Low and Moderate Income | Purchase | Refinance | ||||||||||
| Freddie Mac | CHOICEHome Mortgages | Low and Moderate Income | Purchase | Refinance | ||||||||||
| Freddie Mac | GreenCHOICE Mortgages | Purchase | Refinance | Rehabilitation / Repairs | Manufactured Homes | |||||||||
| Freddie Mac | HUD-Guaranteed Section 184 Native American Mortgages | Low and Moderate Income | Purchase | Refinance | Rehabilitation / Repairs | Native Americans | Persons with Disabilities | |||||||
| Freddie Mac | HFA Advantage | Purchase | Refinance | Manufactured Homes | ||||||||||
| Freddie Mac | Refi Possible | Low and Moderate Income | Refinance | Manufactured Homes | ||||||||||
| Freddie Mac | Relief Refinance Mortgages - Same Servicer | Refinance | ||||||||||||
| Freddie Mac | Relief Refinance Mortgages - Open Access | Refinance | ||||||||||||
| Freddie Mac | Enhanced Relief Refinance Mortgage (FMERR) | Refinance | Manufactured Homes |
Legend
- 247 - Insured Mortgages on Hawaiian Home Land
- 248 - Insured Mortgages on Indian Land
- 203(h) - Mortgage Insurance for Disaster Victims
- Variation implies that the program has a tweak to better cater to the applicable populations
- Tribal Land – VA Tribal Land Loans