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. We
offer limited and no documentation loans or
you may want to blend a Home Equity Loan or
Line of Credit with an HSBC first mortgage to
avoid paying mortgage insurance.
Click on a product name below to see more details.
- New Construction Mortgages
- Home Renewal Mortgages
- Affordable Housing Mortgages
- Cooperative Housing Mortgages
New Construction Mortgages:
Don't just dream of building your own home, let HSBC provide you and an approved builder the necessary financing to turn your dream into a reality. Our construction draw loan program is offered in a single or double close format, allowing for the flexibility you and your builder may need during the construction process. With loan amounts as high as $1 million and minimum downpayment requirements of as little as 10%, HSBC's construction mortgage programs may be the right fit for your construction financing needs. Single close construction mortgages available in CT, FL, NC, NJ, NY, PA, SC and VA. Double close construction mortgages available in NC, NJ, NY, SC and VA.
Home Renewal Mortgages:
When you fall in love with a house, you can't let a leaky roof, outdated kitchen or unreliable electric or plumbing keep you from making it your own. HSBC's Home Renewal Mortgage is a first lien mortgage program that makes it easier and more economical to buy and fix an historic or older home. You can even refinance your existing mortgage to get the funds to renovate your current home. Our Home Renewal Mortgage program is available on 1-4 family owner occupied and 1-family second home properties located in New York, Pennsylvania, Connecticut, Florida, North Carolina and South Carolina and carries loan amounts up to $1 million.
Affordable Housing Mortgages:
HSBC is committed to helping people achieve their dream of home ownership. Our CommunityWorks® Mortgage program, along with Freddie Mac's Home Possible and Fannie Mae's MyCommunity programs 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 Freddie Mac's Home Possible and Fannie Mae's MyCommunity Mortgages are:
- Choose between a fixed or adjustable rate
- Zero downpayment required in some cases
- 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 Freddie Mac Home Possible and Fannie Mae MyCommunity programs are 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 Connecticut, Delaware, Florida, Illinois, Maryland, New Jersey and Pennsylvania.
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 an increasingly popular living alternative in highly populated urban areas. HSBC recognizes the need to provide financing options for this unique type of home ownership so we offer a variety of Co-op eligible mortgage programs. Our Co-op Mortgages offer downpayment requirements of as little as 3% and mortgage amounts as high as $2 million. Co-op mortgages are available for properties in Maryland, New Jersey, New York, Virginia, Washington and Washington D.C.
Click here* to view our Co-op Guide.
* Viewing PDF files require the use of Adobe Acrobat Reader. If you do not already have Adobe Acrobat Reader, you can download it online. After downloading the software, follow the instructions for installing the program. If you prefer, you can always download the files now and open them offline later.
To download the Reader to your computer, click the Adobe button. 
