August 8, 2019
Military Homeownership Assistance Program Remaining Funds Update
Military Homeownership Assistance Program (MHOA) Funding Update:

  • $274,000 in available funds remain (As of 8.8.19)
  • Our web site is also updated on a weekly basis

Due to the limited funding for the program, it's imperative for lenders to follow these steps:

  • Make sure your borrowers are aware that the MHOA program is on a first-come, first-served basis.
  • Review your outstanding MHOA loans in the pipeline for incomplete status, as your attention may be needed to clear up any pending conditions to avoid cancellation. 
  • Have an executed purchase agreement prior to reserving the MHOA grant, this is a program requirement.
  • All pending documentation from the previous wait-list must be cleared before any new reservations will be accepted on the forthcoming wait-list.

We will continue to closely monitor funding and provide appropriate notices as needed. Please contact the IFA Single-Family team, with any questions: 800.432.7230.