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 PreferredTM 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 PreferredTM are registered trademarks of Fannie Mae. Home Possible® is a registered trademark of Freddie Mac.
Affordable Housing Resources
Affordable Housing/HFA Guideline Summary
Get the latest affordable housing product eligibility requirements, including Housing Finance Agency (HFA).Download PDF
Our HFA Partners
Essent is an approved MI provider with HFA across the country. Together, we are delivering innovative solutions for affordable homeownership.Learn More