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Cash gifts from family or cash held outside a traditional savings institution to help with the down payment.
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Other sources of income to help qualify, like income paid to the borrower by a live-in boarder (with written evidence)2 or earnings from employment that may be hard to verify.
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Alternative payment records like rent or utility bills to help establish a favorable credit history. |
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Use of “Special Features” for first-time home buyers requires participation in Homebuyer Education. Landlord Education is required for all 2-4 unit properties. Homebuyer and Landlord Education offered at no cost through the House America Counseling Center. Some Special Features cannot be combined.. Maximum income restrictions may apply in your area. |
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Written evidence of at least 12 months boarder occupancy required. 1-unit properties only. |
Are you losing sales when customers can’t find financing due to special financial situations? Home shoppers often have trouble securing a mortgage when they don’t have enough cash for a down payment, lack a traditional credit history or have non-traditional sources of income. It doesn’t have to be that way.