State Housing Financing

State Housing Financing

Individuals looking for first-time and low-income home buyer programs should look into state and local housing financing. These programs, run by government or quasi-government agencies, have loan programs for individuals who are having difficultly qualifying for a conventional or federal government guaranteed loans (such as HCFP, FHA and VA loans). Many of these programs feature:

  • Low or no down payments
  • Lower qualifying guidelines
  • Lower interest rates

Following is a state-by-state list (with some cities and territories) of the various agencies that provide local housing financing programs:

StateNameWeb Site
AlabamaAlabama Housing Finance Authority
AlaskaAlaska Housing Finance Corporation
ArizonaArizona Department of Housing/Arizona Housing Finance Authority
ArkansasArkansas Development Finance Authority
CaliforniaCalifornia Housing Finance Agency
ColoradoColorado Housing and Finance Authority
ConnecticutConnecticut Housing Finance Authority
DelawareDelaware State Housing Authority
District of ColumbiaDistrict of Columbia Department of Housing and Community Development
FloridaFlorida Housing Finance Corporation
GeorgiaGeorgia Department of Community Affairs/Georgia Housing and Finance Authority
HawaiiHawaii Housing Finance and Development Corporation
IdahoIdaho Housing and Finance Association
IllinoisIllinois Housing Development Authority
IndianaIndiana Housing and Community Development Authority
IowaIowa Finance Authority
KansasKansas Housing Resources Corporation
KentuckyKentucky Housing Corporation
LouisianaLouisiana Housing Finance Agency
MarylandMaryland Department of Housing and Community Development
MichiganMichigan State Housing Development Authority
MinnesotaMinnesota Housing
MississippiMississippi Home Corporation
MissouriMissouri Housing Development Commission
MontanaMontana Board of Housing/Housing Division
NebraskaNebraska Investment Finance Authority
NevadaNevada Housing Division
New HampshireNew Hampshire Housing Finance Authority
New JerseyNew Jersey Housing and Mortgage Finance Agency
New MexicoNew Mexico Mortgage Finance Authority
New York CityNew York City Housing Development Corporation
New YorkNew York State Housing Finance Agency/State of New York Mortgage Agency
North CarolinaNorth Carolina Housing Finance Agency
North DakotaNorth Dakota Housing Finance Agency
OhioOhio Housing Finance Agency
OklahomaOklahoma Housing Finance Agency
OregonOregon Housing and Community Services
PennsylvaniaPennsylvania Housing Finance Agency
Puerto RicoPuerto Rico Housing Finance Authority
Rhode IslandRhode Island Housing
South CarolinaSouth Carolina State Housing Finance and Development Authority
South DakotaSouth Dakota Housing Development Authority
TennesseeTennessee Housing Development Agency
TexasTexas Department of Housing and Community Affairs
UtahUtah Housing Corporation
VermontVermont Housing Finance Agency
Virgin IslandsVirgin Islands Housing Finance Authority
VirginiaVirginia Housing Development Authority
WashingtonWashington State Housing Finance Commission
West VirginiaWest Virginia Housing Development Fund
WisconsinWisconsin Housing and Economic Development Authority
WyomingWyoming Community Development Authority

Individuals looking for home ownership programs should look on the web site for headings such as "Programs", "Home Ownership", "For Consumers", "For Home Buyers/Home Owners", "Single Family Homes", or similar titles. There may be other titles but the idea is to find the part of the site that deals with grant, loan, and/or loan guarantee programs for home buyers.

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