Affordable & HUD Income Limits

Directions for Finding Income Limits for Fannie Mae Home Ready, Freddie Mac Home Possible and

HUD Income Limits for Down Payment Assistance.

What Is Home Prep?

Home Prep is a pilot program that connects MLO's with clients that have issues preventing homeownership to HUD housing and certified credit counselors who work with clients to get them "mortgage ready". This connection between MLO's and HUD counselors is made possible by Indisoft, a national mortgage software company, under the direction of National Foundation for Debt Management, a national HUD housing and credit counseling service, and with MLO's.

Down Payment Assistance

With the help of Downpaymentresource.com and local resources, HUD counselors can provide help for clients with DPA programs for county SHIP, city and states along with wholesaler and HCA proprietary programs that are available.  HUD counselors can also provide Homebuyer Certifications needed for down payment assistance.


As a loan originator, you can also have access to the  DPA Directory and promote DPA products on your personal landing page by subscribing to Down Payment Connect, the back end database of Downpaymentresource.com.

Student Loan Debt Relief

Making payments commensurate with income and refinancing of current and defaulted student loans is a growing need for clients. Connect with Consumer Debt Counselors and sift through multiple options that you can access yourself or with the help of their  counselors.

Credit Help | Mortgage Qualification

Short and long-term credit issues are the number one problem clients need help with. Short term help needed to improve credit scores, build credit or resolve an issue and long term credit help like debt management and even help with a bankruptcy or foreclosure will be available with the Home Prep pilot HUD housing and credit counseling agency (HCA) National Foundation for Debt Management. Let their HUD housing and certified credit counselors can assist and follow your client until they are ready for a mortgage.  THIS IS NOT CREDIT REPAIR.

Home Budgeting

A Home Budgeting assessment is done for all clients who come through Home Prep and work with HUD counselors. Resources worked with include a monthly budget planner.


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