Huntington Honored for Commitment to ‘Sustainable Homeownership’

COLUMBUS, Ohio – 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 become homeowners, including a down payment requirement of as little as 3%.

Huntington also helps borrowers overcome barriers to homeownership through its Home for Good mortgage product, which is designed to meet the needs of applicants from historically under-resourced communities. Home for Good 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 with traditional affordable lending programs.

Published by The Business Journal, Youngstown, Ohio.