HSBC Bank USA CommunityWorks

HSBC Bank USA CommunityWorks is a grant for homebuyers in Statewide, California. Lender credit/grant for closing costs combined with low-down-payment mortgage. Targets LMI and underserved borrowers. CommunityWorks mortgage program with low down payment options and lender credits up to $7,000 for closing costs. Targets low-to-moderate income borrowers and underserved communities. This is a nationwide program, so it is available beyond a single state or city. Funding comes from HSBC Bank USA.

HSBC Bank USA CommunityWorks 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.

HSBC Bank USA CommunityWorks is open to homebuyers who will live in the home as their primary residence. A homebuyer education course is required, through Required - HUD-approved homebuyer counseling. Sourced via Homebuyer Wallet (MULTI250061). Available in markets with HSBC presence: CA, FL, NJ, NY, VA, WA, DC. Income limits per program guidelines (typically 80% AMI). Works with HSBC mortgage products.

HSBC Bank USA CommunityWorks sets its income limit as follows: Low-to-moderate income (typically up to 80% AMI). 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.

HSBC Bank USA CommunityWorks can be used for Single-family, Condo, Townhouse.

HSBC Bank USA CommunityWorks is a nationwide program, so it is not limited to one state.

Applications for HSBC Bank USA CommunityWorks 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.