Huntington receives Home Possible RISE Award
for helping reduce barriers to homeownership
COLUMBUS, Ohio, June 4, 2024
/PRNewswire/ -- The Huntington National Bank has been nationally
recognized by Freddie Mac as a 2024 Home Possible RISE Award
winner. The RISE program (Recognizing Individuals for Sustained
Excellence) honors excellence with Freddie Mac's affordable lending
solutions – the Home Possible and HFA Advantage mortgage
products.
"It's an honor to receive this award for our work to help people
across our footprint achieve sustainable homeownership," said
Carolyn Gorman, Huntington's
Mortgage Lending Director. "Buying a home is one of life's biggest
moments, and this recognition demonstrates our commitment to
ensuring borrowers have equal economic opportunity and access on
the journey to owning a home."
The Home Possible mortgage product offers more options and
credit flexibilities to help very low- to low-income borrowers
attain the dream of homeownership, including a down payment
requirement of as little as 3%. For more information about the Home
Possible RISE Award and Freddie Mac's services, visit
SF.FreddieMac.com/RISE.
Another way Huntington helps borrowers overcome barriers to
homeownership is through its Home for Good mortgage product,
designed to meet the needs of applicants from historically
under-resourced communities. This solution works to expand access
to home lending options by modifying eligible credit criteria and
offering:
- Expanded use of alternative credit
- More debt evaluation flexibility
- Low down payment requirements
- Higher debt-to-income limits compared to traditional affordable
lending programs
Home for Good is currently available in the following cities:
Detroit, Grand Rapids and Warren (Michigan); Toledo, Cincinnati and Columbus (Ohio), Minneapolis and St.
Paul (Minnesota), as well
as select counties in Illinois and
Wisconsin.
To learn more about Huntington Home for Good, prospective
homebuyers should contact their local Huntington branch.
About Huntington
Huntington Bancshares Incorporated is a $194 billion asset regional bank holding company
headquartered in Columbus, Ohio.
Founded in 1866, The Huntington National Bank and its affiliates
provide consumers, small and middle–market businesses,
corporations, municipalities, and other organizations with a
comprehensive suite of banking, payments, wealth management, and
risk management products and services. Huntington operates
approximately 970 branches in 11 states, with certain businesses
operating in extended geographies. Visit Huntington.com for
more information.
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SOURCE Huntington National Bank