Please note that the HomePower lending program is possible while funding is available. If you are looking to be income qualified for one of our other programs, please visit the HomePower Application page to access the print or digital income certification questionnaire.
The HomePower mortgage program is a single family home loan product for low- to moderate-income borrowers.
The HomePower loan program offers low- and moderate-income individuals the opportunity to purchase market rate housing with a below market rate mortgage. In the form of a second mortgage, this program increases purchase power, making homeownership more accessible.
Borrower Benefits
- Mortgage loan will cover a percentage of the homes sales price
- Access to affordable housing in neighborhoods
- Fixed interest rate for the entire life of the loan
- Increased purchase power, making homeownership more accessible
Program Requirements
- Must reside in home as primary residence
- Must be pre-approved for a first mortgage program
- Must earn 80% or less of the Area Median Income (AMI)
- Homebuyer Education Course – All borrowers applying for the loan are required to complete a Homebuyer Education course at no cost to the buyer.
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