Most households need a lender. Only retired or disabled households that are paying in full for the home do not need a lender.
Lenders provide the loan needed to buy a home. Lenders can help determine how much a buyer can afford, estimate monthly payments, estimate closing costs and help evaluate different loan products. It’s good to shop around.
The program does not allow loans from family or friends, loans must be from institutional lenders.
To find a lender you can ask family and friends, they may recommend someone they have worked with, or work with a lender from your bank or credit union. If you have additional questions, please reach out to program staff.