Section
Breadcrumbs
Homeownership Programs
- Does HUD Owe You A Refund?
Homeowners with an FHA mortgage may be eligible for a refund from HUD. The mission of HUD's Office of Financial Services - Single Family Insurance Operations Division (SFIOD) is to pay eligible homeowner refunds or distributive share payments. HUD will make every effort to ensure payment owed to homeowners is done in a cost-effective and timely manner. Click to HERE to learn more
- First Step
First Step
- First time homebuyer*
- Down Payment Assistance (DPA)
- 30 Year Fixed-Rate mortgage
- FHA or Conventional
- Non-Forgivable DPA
- $250 Reservation Fee
*Must be first time homebuyer or purchase in targeted census tract
Click here to access the First Step Conventional Program Guide
Click here to access the First Step FHA Program Guide**Disclaimer: Program guides are currently under review and may not reflect the most recent changes. Please contact the Homeownership Team for needed clarification.
- Step Down
Step Down
Rate Only Purchase Option
- First time homebuyer*
- 30 Year Fixed-Rate mortgage
- FHA or Conventional
- $250 Reservation Fee
*Must be first time homebuyer or purchase in targeted census tract
Click here to access the Step Down Conventional Program Guide
Click here to access the Step Down FHA Program Guide**Disclaimer: Program guides are currently under review and may not reflect the most recent changes. Please contact the Homeownership Team for needed clarification.
- Next Home
Next Home
Down Payment Assistance (DPA) of 2.50% or 3.50%
Based on the purchase price
Not to exceed the appraised value
FHA or Conventional 30-year fixed-rate loan
Click here to access the Next Home FHA Program Guide
Click here to access the Next Home Conventional (Mae & Mac) Program Guide**Disclaimer: Program guides are currently under review and may not reflect the most recent changes. Please contact the Homeownership Team for needed clarification.
- Next Step
Next Step
Refinance Program
- One-time refinance opportunity for IHCDA First Place and First Step mortgages
- 30 Year Fixed-Rate mortgage
- FHA or Conventional
- Non-Forgivable DPA
- $250 Reservation Fee
Click here to access the Next Step Conventional Program Guide
Click here to access the Next Step FHA Program Guide**Disclaimer: Program guides are currently under review and may not reflect the most recent changes. Please contact the Homeownership Team for needed clarification.
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