What are HFA’s? State Housing Finance Authorities (HFA’s) issue tax-exempt bonds to help first-time homebuyers. This afordable housing initative is offered to responsible borrowers with good credit scores, fully employed, and meet strict qualifications of state maintained underwriting standards. These bonds are of exteremely high credit quality, yet they have been difficult to finance at resonable rates due to “headline” effect bias against any instrument that is associated with mortgage financing.
State governors are now asking the feds to provide guarantees for these bonds.
MainLine West advisors are specialists in tax-free GNMA housing bonds.
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