Affordable Housing/HFA
Our Affordable Housing/HFA program can help your first-time and low-to-moderate income buyers with good credit to become homeowners.
Often a lower cost alternative to FHA, the program offers more streamlined features, including:
- LTVs up to 97% and CLTVs to 105%
- Credit scores as low as 620
- Down payment of 100% from gift funds
- Non-traditional credit allowed up to 95% LTV on 1-unit properties — maximum 41% DTI
It’s a great fit for Fannie Mae's HomeReady® and HFA PreferredTM products, as well as Freddie Mac's Home Possible®, CRA and other Housing Finance Agency (HFA) loans.
Read our Guideline Summary for full details on our Affordable Housing/HFA program.
HomeReady® and HFA PreferredTM are registered trademarks of Fannie Mae. Home Possible® is a registered trademark of Freddie Mac.
Affordable Housing Resources
Affordable Housing/HFA Guideline Summary
Get the latest affordable housing product eligibility requirements, including Housing Finance Agency (HFA).
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Our HFA Partners
Essent is an approved MI provider with HFA across the country. Together, we are delivering innovative solutions for affordable homeownership.
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