Affordable Housing/HFA

Affordable Housing/HFA

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).

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New! HFAs

Our HFA Partners

Essent is an approved MI provider with HFA across the country. Together, we are delivering innovative solutions for affordable homeownership. 

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