Press release
The Huntington National Bank Honored by Freddie Mac for Commitment to Sustainable Homeownership
Huntington receives Home Possible RISE Award for helping reduce barriers to homeownership COLUMBUS, Ohio, June 4, 2024 /PRNewswire/ -- The Huntington National
About this update from Huntington Bancshares Incorporated
[{"type":"text","content":"Huntington receives Home Possible RISE Award for helping reduce barriers to homeownership\nCOLUMBUS, 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.\n\n \n \n \n \n \n \n\n \n\"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.\"\nThe 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.\nAnother 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:\nExpanded use of alternative creditMore debt evaluation flexibilityLow down payment requirementsHigher debt-to-income limits compared to traditional affordable lending programsHome 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.\nTo learn more about Huntington Home for Good, prospective homebuyers should contact their local Huntington branch.\nAbout Huntington\nHuntington 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 comprehens...