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HSBC Bank USA CommunityWorks

Statewide, California

Last verified
See what you qualify for
Repayment

Grant

Not repaid

What is 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.
  • Funding comes from HSBC Bank USA.

Do you have to pay it back?

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.

Who qualifies?

HSBC Bank USA CommunityWorks is open to buyers who will live in the home as their primary residence.

The program requires

  • The home is occupied as a primary residence
  • A completed homebuyer education course, 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.

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

What are the income limits?

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.

What kind of home can it be used for?

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

Where does it apply?

HSBC Bank USA CommunityWorks serves buyers purchasing in Statewide, California.

How do you apply?

Applications for HSBC Bank USA CommunityWorks go through the administering agency.

  1. Take a homebuyer education course

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

  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 buyer can take it to a lender or housing counselor.

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