Special Mortgages
Whether you're looking for construction
financing to build your dream home or you're
interested in a low downpayment mortgage,
HSBC has a program to fit your needs.
Click on a product name below to see more details.
Affordable Housing Mortgages:
HSBC is committed to helping people achieve their dream of home ownership. Our CommunityWorks® Mortgage program, and Fannie Mae MyCommunity program are ideal for first time homebuyers with low to moderate incomes. Some of the benefits of an HSBC CommunityWorks Mortgage are:
- Choose between a 30 or 40 year term
- Downpayment requirements as little as 3%
- Flexible underwriting guidelines
- Closing cost assistance
- Accommodation of eligible assistance such as grants
and subsidies
Some of the benefits of Fannie Mae's MyCommunity Mortgages are:
- A fixed rate mortgage loan
- Downpayment requirements as little as 3%
- Flexible underwriting guidelines
- Accommodation of eligible assistance such as grants
and subsidies - Added benefits for teachers, police officers, firefighters, health care workers and military personnel
The Fannie Mae MyCommunity program is available on 1-4 family primary residences in the District of Columbia and all states except AK and HI. Our CommunityWorks Mortgage program is available on 1-4 family primary residences throughout New York, California and Washington DC. It is also available in select counties in the states of Connecticut, Delaware, Florida, Illinois, Maryland, New Jersey, Pennsylvania, Virginia and Washington.
If you live in New York or New Jersey, you may be eligible for the First Home Club matched savings program. Find out more by visiting our First Home Club web page today!
Click here* to view payment examples.
Cooperative Housing Mortgages:
Cooperatives (Co-ops) are a popular living alternative in highly populated urban areas. HSBC recognizes the need to provide financing options for this unique type of home so we offer a variety of Co-op eligible mortgage programs. Our Co-op Mortgages offer downpayment requirements of as little as 5% and mortgage amounts as high as $5 million. Co-op mortgages are available for properties in Maryland, New Jersey, New York, and Washington D.C.
Click here* to view our Co-op Guide.
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