Home Possible

The Freddie Mac Home Possible^® mortgage offers more options and credit flexibilities than ever before to help low to moderate income borrowers attain their dream of owning a home. In addition to its down payments requirements of as little as 3%, Home Possible offers competitive pricing and the ease of a conventional mortgage.

Minimum down payment required
Down payment assistance allowed. Down payment can come from a variety of sources, including family, employer-assistance programs and secondary financing
Purchase and no cash out refinance available
Income limits apply
Eligible for 1-4 units, condos, and planned-unit developments
Homeownership education required for first-time homebuyers
Fixed-rate mortgages with various terms available.

Home Ready

The Home Ready program through Hallmark Home Mortgage is designed for creditworthy, low to moderate income borrowers. It provides expanded eligibility and flexibility for financing homes in designated low income, minority and disaster impacted communities while supporting sustainable homeownership. Are you Home Ready?

Available for purchase or refinance
Purchase a 1-unit primary residence, condo, 2-4 unit property, planned unit development
Reduced monthly mortgage insurance
Income limits apply
First-time homebuyer permitted
Homebuyer education is required
Down payment may be gifted
minimum borrower contribution required for down payment on multi-unit properties

FHFC Loan Products

Florida Housing Homebuyer Programs are low 30-year fixed rate first mortgage loans offered to first time homebuyers through your participating lender, Hallmark Home Mortgage. Florida Housing also offers down payment and closing cost assistance in the form of a second mortgage loan to assist eligible homebuyers with their down payment and closing costs. Open the door to more possibilities in Florida with one of the programs below.

FLORIDA HOMEBUYER

FHA, VA, and Conventional financing available
First time homebuyer only unless purchasing in a designated targeted area
Cannot have owned AND occupied your primary residence for the last three years prior to purchase
Homebuyer education is required
Income and acquisition limits apply
Eligible properties include Single Family Homes, Townhomes, 2-4 Unit Homes (you must reside in one unit), Condos (approved projects), and Manufactured Homes
Down payment assistance programs available for eligible borrowers

FLORIDA DPA

Down payment assistance in the form of a second mortgage is only available when used with Florida Housing’s first mortgage loan. Down payment assistance is NOT available as “stand alone” down payment assistance.
Down payment assistance amount limited or percentage of total Loan amount on FHA, VA, and conventional financing
Deferred and repayment terms vary Down payment assistance amount will become due and payable in full in the event of a sale, transfer of deed, satisfaction of the first mortgage, refinancing of the first mortgage or until such a time the mortgagor(s) ceases to occupy the property
Fixed-rate term available

HOMETOWN HEROES

More than 50 occupations are eligible to participate in this program, including licensed or certified full-time frontline workers, first responders, correctional officers, educators, medical personnel and military personnel.
FHA, VA, and Conventional financing available
First time homebuyer only unless the borrower is a veteran or active-duty military A first-time home buyer is defined as a person who has not had an ownership interest in their primary residence in the last three years.
Homebuyer Education is required
Down payment and closing cost assistance available
Income and purchase price limits apply Limits may vary based upon county where property is being purchased.
Eligible properties include Single Family Homes, Townhomes, 2-4 Unit Homes (additional loan requirements may apply), Condos, and Manufactured Homes (FHA only

IHCDA Loan Products

Achieve the dream of home ownership with little to no money out of pocket using the Indiana Housing & Community Development Authority (IHCDA) down payment assistance programs. Assistance is based on the loan type and eligible homeowners can receive a forgivable grant of up to 4% of the home’s purchase price that can be applied toward down payment, closing costs or obtaining low interest fixed rate loans. Below is a brief overview of the programs that are offered:

IHCDA FIRST PLACE

First-time homebuyer only, unless borrower is in a qualified census tract or a veteran
FHA and conventional fixed rate loans only (set by IHCDA)
Primary residence only
Income and minimum debt-to-income ration limits apply
Down Payment Assistance (DPA) with maximum percentage amount may be used for down payment, closing costs and pre-paids

NEXT HOME

FHA and conventional and financing available
Income limits apply
Primary residence only
Fixed rate program available
DPA is a percentage of purchase price or appraised value, whichever is less.
DPA has no interest with no monthly payments and can be used for down payment assistance, closing costs, and pre-paids.
Can be combined with IHCDA’s Mortgage Credit Certificate (MCC) program

NEXT HOME COMBO

Must be a first-time homebuyer or not had ownership in your primary residence in the past three years, unless purchasing in a targeted area
Income and acquisition limits apply
Federal Tax benefit
MCC provides a tax credit, not to exceed set maximum amount, of your mortgage interest expense each year the property is your primary residence
Down payment assistance (DPA) is based upon loan type and is fully forgiven ager 3 years if you remain the primary resident in the home.
DPA has no interest with no monthly payments

MHDC Loan Programs

Missouri Housing Development Commission is dedicated to strengthening communities and the lives of Missourians through the financing, development and preservation of affordable housing.

MHDC FIRST PLACE LOAN PROGRAM

Must be a first-time homebuyer or qualified veteran
Income and purchase limits apply
Eligible properties include single family residents, condo/townhome, and manufactured homes on a permanent foundation.
Primary residence only
Homebuyer must occupy the home within 60 days of the loan closing
Cash assistance loans are forgivable when the borrowers stays in the home for 10 years

MSHDA Loan Programs

For many potential homebuyers – especially first-time buyers – the down payment can be difficult. The MSHDA Home Loan Program with Michigan Down Payment Assistance is designed to make it a little easier for qualified homebuyers in targeted areas.

MSHDA MICHIGAN HOME LOAN PROGRAM

Michigan Down Payment Assistance (DPA) up to $10,000
Homebuyer education class is required
Available to first-time homebuyers (have not owned a home in the previous three years)
Statewide and repeat homebuyers are eligible in targeted areas.
Household income limits apply and can vary depending on family size and property location.
Maximum 2 acres property size
Acquisition limits apply

OHFA Loan Products

The Ohio Housing Finance Agency (OHFA) offers several affordable loan options to help you achieve the dream of homeownership. OHFA offers mortgage loans with generous income and purchase price limits that are designed for home buyers with low to moderate-income. OHFA loans can help homeowners with down payment and closing costs.

OHIO HEROES

OHFA rewards Ohio residents who serve the public with a discounted mortgage interest rate and all the benefits of a first-time homebuyer
Eligible participants include Veterans, active duty military members or members of reserve components (including surviving. spouses), Police officers, firefighters, volunteer firefighters, EMTs and paramedics, Physicians, nurse practitioners, nurses (RN and LPN) and STNAs, Teachers (pre-K through grade 12), administrators and counselors
Down payment assistance available
Income and purchase price limits apply
Homebuyer education required

NEXT HOME

Home will serve as primary residence
Income and purchase price limits apply
Homebuyer education required
Down payment assistance available as a percentage of the home’s purchase price when paired with YourChoice!DPA

YOUR CHOICE! DOWN PAYMENT ASSISTANCE

Free homebuyer education required
Income limits and purchase price limits apply
Down payment assistance available

GRANTS FOR GRADS

Borrowers must have graduated within the last 48 months with an associate’s, bachelor’s, master’s, doctorate or other post-graduate degree from an accredited college or university.
First-time homebuyer only
Income and purchase price limits apply
Down payment assistance available
Free homebuyer education required

MORTGAGE TAX CREDIT

First-time homebuyers eligible
Tax liability required
Free homebuyer education required
Income and purchase price limits apply
Down payment assistance available when combined with OHFA’s first-time homebuyer program

TDHCA Loan Products

Hallmark is here to help you navigate the steps to becoming a homeowner and with the help of The Texas Department of Housing and Community Affairs (TDHCA), you are one step closer to buying a home in Texas. The TDHCA strives to provide high quality affordable housing allowing Texas communities to thrive.

Loan program options available including My First Texas Home, My Choice Texas Home and Conforming My Choice Texas Home
Down payment assistance available
Deferred repayable second lien option and a forgivable second lien option
FHA and conforming, fixed-rate mortgage loan options only
Available for first-time homebuyers
Non first-time homebuyers may qualify
Income and purchase price limits apply
Minimum down payment required