The Credit Union HLPR Mortgage

HLPR Mortgage

Home Loan Payment Relief
HLPR (pronounced "helper")

A "No Gimmicks" low-rate mortgage for first-time homebuyers from their credit union. Credit unions are encouraged to sign up, there is no deadline to do so.

First Time Visitors: If you are new to the HLPR website, click here to learn how it is organized, and to help you get started.

Credit unions may click on the links below for more information.

HLPR FactSheet
Sign up for the Program
HLPR Loan Options
Participating Credit Unions
Frequently Asked Questions Rev. 3/5/07
Letter from NCUA
Borrower Income Limits
Sample ARM Disclosure
The Credit Union HLPR Mortgage Outline
Model Press Materials for Participating Credit Unions
Letter from Dan Mica Regarding the Home Loan Payment Relief Program
HLPR Loan Press Coverage
Rates: 30-yr FRM
Statement from NCUA Chairman Johnson
Rates: 3/1 ARM
Credit Union HLPR Powerpoint
Credit Union HLPR Activity Reporting
HLPR Mortgage Loans Make the American Dream a Reality statement stuffer
Cumulative Reported HLPR Activity


With high home prices and monthly payments, many first-time and modest means buyers have been frozen out of the market. Although credit unions can't produce more affordable housing, they can reduce monthly payments, enabling more borrowers to qualify.

Participating credit unions will offer one or more of the following mortgage products to their qualifying members:

To qualify, a borrower's household income must be 100% or less of the area median income, except for certain "high-cost" areas. The program lowers mortgage costs and increases eligibility to qualifying credit union members who are buying a house.

The program demonstrates credit unions' commitment to serve all their members, including those of modest means.

The program has been operating since 4th quarter, 2005.