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.
- 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)
- All for Home (sf.freddiemac.com)
- DPA One (Down Payment Assistance Program One) (dpaone.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.
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