HSBC Launches New Mortgage Assistance Program–CommunityWorks Opening Doors Grant
HSBC Holdings, plc. (HSBC)
US:NYSE Investor Relations:
hsbc.com/investor-relations
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Source: Business Wire
HSBC home loan grant expands the bank’s robust mortgage offerings. NEW YORK--(BUSINESS WIRE)--HSBC announced today the launch of HSBC CommunityWorks Opening Doors, a new program that offers home loan grants to homebuyers in underserved counties in California, Florida, New York, New Jersey, Virginia, Washington and the District of Columbia. It is effective January 1, 2025.The new grant provides up to $25,000 in down payment assistance for homebuyers who are buying a home with an HSBC CommunityWorks mortgage, an existing product that offers $5,000 in closing cost assistance, financing up to 97% of a property’s appraised value, and no private mortgage insurance (PMI) requirement, among other benefits.“HSBC is committed to supporting financial equity in the communities we serve by making home buying an achievable dream for individuals who might otherwise face obstacles in their journey to purchase a home,” said HSBC U.S. Head of Mortgages Leigh Smith. “Our premier international busines
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