hey prescott.
See what you qualify for
Nationwide programGrant

Fairway Independent Mortgage Corporation HOPER's Incentive Program

Fairway Independent Mortgage Corporation HOPER's Incentive Program is a grant for homebuyers in Statewide, California.

Last verified
Check if this fits me

The program asks for

  • The home is occupied as a primary residence
  • A completed homebuyer education course, through Required - HUD-approved
  • Sourced via Homebuyer Wallet (MULTI250163). Available in select states (AZ, CA, FL, etc.). Property must be in qualifying SPCP/LMI census tract per Fairway guidelines. Must work with a Fairway loan officer.

These are the program's own published rules, not a decision about any individual — the administering agency and a lender determine who actually qualifies.

How to apply

  1. Take a homebuyer education course

    Required by the program, through Required - HUD-approved.

  2. Contact the administering agency to reserve funds

    Funds are reserved with the provider and are subject to availability.

  3. Work with a lender who handles the program

    Hey Prescott is not a lender and does not accept applications; this page describes the program so a homebuyer can take it to a lender or housing counselor.

Questions about this program

What is Fairway Independent Mortgage Corporation HOPER's Incentive Program?

Fairway Independent Mortgage Corporation HOPER's Incentive Program is a grant for homebuyers in Statewide, California. Lender credit/grant; targeted to underserved census tracts. Combined with Fairway first mortgage. Lender credit / SPCP-targeted incentive for borrowers in eligible underserved census tracts. Closing-cost grant tied to Fairway-originated mortgages. This is a nationwide program, so it is available beyond a single state or city. Funding comes from Fairway Independent Mortgage Corporation.

Do you have to pay it back?

Fairway Independent Mortgage Corporation HOPER's Incentive Program is structured as a grant, so it is not repaid. Repayment is triggered by none (lender credit). Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Who qualifies?

Fairway Independent Mortgage Corporation HOPER's Incentive Program is open to homebuyers who will live in the home as their primary residence. A homebuyer education course is required, through Required - HUD-approved. Sourced via Homebuyer Wallet (MULTI250163). Available in select states (AZ, CA, FL, etc.). Property must be in qualifying SPCP/LMI census tract per Fairway guidelines. Must work with a Fairway loan officer.

What are the income limits?

Fairway Independent Mortgage Corporation HOPER's Incentive Program sets its income limit as follows: Per Fairway program guidelines (LMI tracts). The limit applies to total household income, not only the borrower’s. Area median income figures are published by HUD and updated annually, so check the current table for the county before relying on a number.

What kind of home can it be used for?

Fairway Independent Mortgage Corporation HOPER's Incentive Program can be used for Single-family, Condo, Townhouse.

Where does it apply?

Fairway Independent Mortgage Corporation HOPER's Incentive Program is a nationwide program, so it is not limited to one state. The program targets specific areas: SPCP/LMI eligible census tracts.

How do you apply?

Applications for Fairway Independent Mortgage Corporation HOPER's Incentive Program go through the administering agency. Hey Prescott is not a lender and does not accept applications; this page describes the program so a homebuyer can take it to a lender or housing counselor.

More nationwide programs

Whether two programs can be combined is up to each agency. Ask before you apply.

All 62 nationwide programs

Program terms are set by the administering agency and can change; confirm on the official site before you apply.