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Home Power Mortgage

Please note that the Home Power 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 Home Power Application page to access the print or digital income certification questionnaire.

The Home Power mortgage program is a single family home loan product for low- to moderate-income borrowers.

The Home Power 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 covering at least 20% of the sales price of a home, this program increases purchase power, making homeownership more accessible.

Borrower Benefits

  • Mortgage loan will cover at least 20% of the homes sales price
  • Access to affordable housing in neighborhoods across Marion County, which include Martindale Brightwood, Riverside, and the Far East Side
  • Fixed 0% interest rate for the entire life of the loan
  • Increased purchase power, making homeownership more accessible
  • No closing costs, origination fees, or mortgage insurance required

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 for Marion County (as detailed below)
  • Homebuyer Education Course – All borrowers applying for the loan are required to complete online Homebuyer education course at no cost to the buyer, via this website: *Borrowers may not be required to take HBE if a previous homeowner in the last 3 years
Ready to get started? Apply now.

Please note completion of application and qualification of the program does not guarantee the availability of Home Power loan funds. Program funds are limited and availability of the program will be disclosed after full qualification of the program.


Credit Standing
Our borrowers must have a minimum credit score of 600 to qualify.
Debt to Income
Borrower has a max Total Debt to Income (DTI) of 43%.
Qualifying Income
Our ideal borrowers are low- to moderate- income.
Eligible Properties
Borrower seeking to acquire owner-occupied single-family housing.
View our Fact Sheet to learn more about the features, benefits, and requirements.

2024 Income Limits

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Ready to start the process? Get income qualified now.