HFAs & Public Entities

Together with our lender partners, we work directly with many Housing Finance Agencies to provide mortgage lending options designed to help them bridge the affordable housing gap in the communities they serve.

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What's New

  • HFA Preferred Incentive Program

    Up to 3% in closing cost assistance toward the purchase of a HomePath property when borrowers finance the home with an HFA Preferred loan.

Manufactured Homes (MH)

The lack of affordable housing supply makes manufactured homes a great solution. An HFA Preferred mortgage can be used to purchase a MH home helping your prospective homebuyers get the home they want at a price they can afford. Click here to learn more.

Marketing Center

Access and customize professionally designed materials to support your HFA Preferred outreach needs

State HFAs

Click here for a list of eligible providers of HFA Preferred products.

Serve more borrowers with HFA Preferred

HFA Preferred™ is our 3% down payment conventional mortgage designed to help participating HFAs serve low- to moderate-income borrowers exclusively through their lender partners.

HFA Preferred benefits

  • Down payment assistance available through many HFAs
  • No first-time home-buyer requirement
  • Borrower income limits set by the HFA
  • Cancellable mortgage insurance*
  • Reduced mortgage insurance coverage with no loan-level price adjustment (LLPA) for loans at or below 80% AMI

Download the HFA Preferred Fact Sheet

How HFA Preferred competes

HFA Preferred may offer the borrower cost savings over the long term and can help lenders reach growing market segments. Click here for detailed comparison.

Benefits HFA Preferred Mortgage FHA
Down payment as low as 3% Yes No
Cancellable mortgage insurance* Yes No
Lender can order the appraisal immediately Yes No
No geographic restrictions on loan amounts Yes No
Day 1 Certainty™ freedom from reps & warrants available Yes No

*Restrictions may apply.

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