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 covering at least 20% of the sales price of a home, this program increases purchase power, making homeownership more accessible.
Borrower Benefits
- Access to Single-Family Homes
- Increased home purchase capability
- No PMI (Private Mortgage Insurance)
- Minimal Closing Costs or Fees
- Mortgage loan may cover up to 30% of homes sale price
- 0% Fixed Interest Rate with a 30-year loan term
Program Requirements
- Owner occupied, primary residence
- Household income not to exceed 80% AMI
- Homebuyer Education Course (Certification of completion needed)
- Must be pre-approved for an eligible 1st mortgage
- Borrower must contribute a minimum of $500 toward the purchase of the home
Ready to get started? Apply now.
Please note completion of application and qualification of the program does not guarantee the availability of HomePower loan funds. Program funds are limited and availability of the program will be disclosed after full qualification of the program.
IDEAL HOMEPower BORROWERS
View our Fact Sheet to learn more about the features, benefits, and requirements.
2025 Income Limits
| 1 Persons | 2 Persons | 3 Persons | 4 Persons | 5 Persons | 6 Persons | 7 Persons | 8 Persons | |
|---|---|---|---|---|---|---|---|---|
| 80% | $57,650 | $65,850 | $74,100 | $82,300 | $88,900 | $95,550 | $102,100 | $108,650 |
START THE PROCESS
Ready to start the process? Get income qualified now.