Our Affordable Housing/HFA program can help your first-time and low-to-moderate income buyers with good credit to become homeowners.
Often a lower cost alternative to FHA, the program offers more streamlined features, including:
- LTVs up to 97% and CLTVs to 105%
- Credit scores as low as 620
- Down payment of 100% from gift funds
- Non-traditional credit allowed up to 95% LTV on 1-unit properties — maximum 41% DTI
It’s a great fit for Fannie Mae's HomeReady® and HFA Preferred® products, as well as Freddie Mac's Home Possible®, CRA and other Housing Finance Agency (HFA) loans.
Read our Guideline Summary for full details on our Affordable Housing/HFA program.
HomeReady® and HFA Preferred® are registered trademarks of Fannie Mae. Home Possible® is a registered trademark of Freddie Mac.