Home is Possible (HIP) For First-Time Homebuyers: Offers interest-free down-payment assistance with a competitive interest rate to give buyers more buying power.

Program Benefits

• Down payment assistance up to 4% of total loan amount
• Usable for down payment and closing costs
• Forgivable after 7 years (if you stay in your home)
• Attractive 30-year fixed interest rate
• Statewide program

Program Requirements

• Must be a first-time homebuyer (have not owned a home in the past 3 years)
• Maximum purchase price & income limits by county
• Minimum credit score of 640
• Maximum debt ratio: 50% if 680+ credit score; 45% if less than 680 credit score
• Must live in home as primary residence
• Must meet standard underwriting requirements
• Must complete homebuyer education course

Are you ready to take the first step in buying your home?

Let us help find the right program for you today!