THE MORTGAGE ASSET PROGRAM (MAP®)

MAP® HomeAssist is a home loan assistance program designed to help UFCU members offset eligible down payment and closing costs, supporting improved affordability and broader access to sustainable homeownership.

ASSISTANCE TERMS:

  • Type of Assistance: subsidy Assistance
  • Assistance Amount: $12,000 per eligible borrower
  • Eligible Borrowers: low- to moderate-income (LMI) borrowers with incomes at or below 80% of the Area Median Income (AMI).
  • Permitted Uses: down payment assistance and / or closing cost reimbursement
  • Repayment: no repayment required, provided all program requirements are satisfied.

PROPERTY CRITERIA:

  • Property Type: single-family residential
  • Occupancy: owner-occupied
  • Property Use: primary residence only

ELIGIBLE TRANSACTIONS:

  • Home purchases only (refinance transactions are not eligible)
    First-time homebuyer status is not required

Program Layering & Restrictions:

  • MAP HomeAssist Program® (HDP®) grant but cannot be combined with HDP Plus or HDP Wealth Builder.
    MAP HomeAssist may not be combined with MAP`s lender Paid Mortgage Insurance (LPMI) Reimbursement.

 

QUESTIONS ABOUT THE MORTGAGE ASSET PROGRAM (MAP®)? CONTACT US:

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