Mortgage Information

Fixed Rate Mortgages -  Adjustable Rate Mortgages 
InterestFirst^SM Mortgages - Home Equity Line of Choice^SM and Home Equity Loans 
Blended Mortgage Programs - Co-operative Share Mortgage Loans 
Limited Documentation Programs - New Construction Loans 
Home Renewal Program - Government Programs 
Affordable Housing Programs - Low and No Down Payment Loan Programs

HSBC Mortgage Corporation (USA) offers a wide array of first and second mortgage programs designed to fit any mortgage financing need.

We offer varying loan terms and loan amounts up to $2 million for 1 to 4 unit properties.

We can help you with:

• Purchases of existing properties
• Financing for new construction
• Refinances to lower your current interest rate
• Refinances which provide equity to finance a college education or home improvements
• Restore your existing home or one you are planning to purchase with our Home Renewal mortgage

We provide financing for all types and styles of residential housing including:

• Owner-occupied
• Second homes
• Investment properties
• Condominiums, co-operatives and homes in planned unit developments
• Rowhouses and townhouses
• Double-wide mobile homes (unit must be attached to a permanent foundation)
• Manufactured housing
• Standard wood frame housing and log homes

And for all types of borrowers including:

• Owner-occupant borrowers and co-borrowers
• Investors
• First-time homebuyers
• Non-occupant co-borrowers
• Non-permanent resident aliens
• International borrowers
• Veterans

Standard HSBC program offerings are available in 48 states and the District of Columbia. We currently do not direct lend in Alaska or Hawaii.

Click here for important state licensing disclosures

HSBC has mortgage solutions for every lifestyle!

Fixed Rate Programs
If you prefer the security of a constant payment for the entire length of your mortgage, an HSBC fixed rate mortgage loan might be the right program for you.

Down payment requirements of as little as 3% and interest rate buydowns enhance our ability to fill your fixed rate mortgage needs. Ask about our Stated Income and A-Minus program options.

Top

Adjustable Rate Programs
An HSBC adjustable rate mortgage (ARM) offers you the flexibility of a lower initial payment, thus allowing you to qualify for a larger mortgage amount. The start rate can be fixed for varying terms, depending on the program selected. The interest rate is then subject to yearly adjustments after the initial term is completed.

We also offer Stated Income, Interest Only and Prepayment ARM alternatives. (The Prepayment ARM program is not available in all states. Please contact us to determine Prepayment option availability in your geographic area.)

Top

InterestFirst^SM Mortgage Programs
Our InterestFirst^SM mortgage programs offer the flexibility of a lower initial monthly payment by allowing you to pay interest only during a predetermined period. The money that you would be repaying toward principal under a standard principal and interest mortgage is now freed up for other investments or purchases. For our fixed rate program, you can choose to pay interest-only for either a 10 or 15 year period. The monthly payment for the remaining 15 or 20 years is then based on the original interest rate and the outstanding principal balance at the end of the interest-only period. For our adjustable rate program, the interest-only period is 5 years, with principal and interest repayment over the remaining 25 years.

You also have the ability to make principal payments without penalty at any time during the interest-only period. Voluntary principal pre-payments can lower your monthly payment during the interest only period since the interest you pay is based on the outstanding principal balance.

Our InterestFirst^SM mortgage programs are available for purchase and cash out refinance transactions on owner occupied, 1 family homes with a maximum loan amount of $359,650.

Top

Home Equity Line of Choice^SM and Home Equity Loans
Do you want to make a major purchase with a one-time advance of funds? How about consolidating a number of small bills into one payment? Or, do you want the buying power to "write yourself an instant loan" at any time? If so and you are a current homeowner, consider one of our home equity programs.

With a choice between fixed and variable rates, loan amounts from $10,000 to $500,000, varying terms and potential tax deductibility*, let us show you how to best utilize the equity in your home to your advantage.

Home Equity Line of Choice^SM and Home Equity Loans are available through HSBC Mortgage Corporation (USA) in Alabama, Arizona, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, Tennessee, Utah, Virginia, Washington, and Wisconsin.

To apply by phone, please call 1-800-62-APPLY (1-800-622-7759).

* A professional tax advisor should be consulted regarding the tax deductibility of interest payments.

You may also want to consider our Blended Mortgage Programs as an option to obtain 95% financing without the requirement for mortgage insurance or to avoid the higher interest rate generally associated with jumbo loan amounts.

Top

Blended Mortgage Programs
A Blended Mortgage transaction involves the partnering of an HSBC first mortgage loan with an HSBC Home Equity Loan or Home Equity Line of Choice^SM. By combining a first mortgage with a home equity loan or Line of Choice you may be able to:

• Bypass the requirement for mortgage insurance with as little as a 5% down payment;
• Avoid the higher interest rate associated with jumbo loan amounts by partnering an HSBC first mortgage at the maximum conforming loan amount and securing the remaining financing through an HSBC Home Equity Line of Choice or Home Equity Loan;
• Potentially build equity in your home much quicker because the home equity portion of your financing may have a shorter term than your first mortgage.
• Plus, the interest on your home equity loan may be tax deductible! (Consult your tax advisor)

The process of adding a home equity loan to an HSBC first mortgage is kept simple since much of the documentation required for the first mortgage is also used for the home equity product. Also, the closing process for both loans (signing by the customers of required documentation) takes place simultaneously!

Our Blended Mortgage Programs are available for both purchase and refinance transactions. You have many choices as to how you can combine an HSBC first mortgage with a home equity program! For example:

HSBC First Mortgage HSBC Home Equity Down Payment Required 80% 10% 10% 80% 15% 5% 80% 20% 0% 75% 20% 5%

This is just a sample of the most popular combinations. HSBC fixed rate and fixed term LIBOR ARM first mortgage programs are eligible with our Blended Mortgage Programs.

Blended Home Equity Loans available in Alabama, Arizona*, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts*, Michigan, Minnesota, Mississippi, Missouri, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina*, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina*, Tennessee, Texas**, Utah, Virginia, Washington, and Wisconsin.

Blended Home Equity Lines of Credit available in Alabama, Arizona*, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts*, Michigan, Minnesota, Mississippi, Missouri, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina*, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina*, Tennessee, Utah, Virginia, Washington, and Wisconsin

The minimum home equity loan or Line of Choice amount is $10,000.

* Please Note: The minimum loan amount in Arizona is $10,001. Balloon loans are not permitted in Massachusetts, Pennsylvania and South Carolina.

** Texas: Available for purchase only.

Top

Co-operative Share Mortgage Loans
Housing co-operatives are a very popular living alternative in highly populated urban settings. If you currently own a co-op or are interested in purchasing a unit in a co-op, we can help. We offer down payment requirements of as little as 3% and mortgage amounts as high as $2 million in certain geographic areas. To find out if buying a Co-operative is right for you, we've prepared a Co-Op Guide to help answer some of the most commonly-asked questions.

Top

Limited Documentation Programs
Do you have excellent credit? Are you self-employed? Or, are you interested in avoiding the hassle of providing the large amount of paperwork that is usually required for a mortgage? If you answered 'yes' to any of these questions, then HSBC's Stated Income Program, Lite Doc Program or AAP (Accelerated Approval Program) may be for you.

With competitive rates and mortgage amounts up to $1.5 million available, these programs provide you with a streamlined alternative to obtaining your loan by not verifying your income or asset profiles (or both).

Top

New Construction Loans
Don't just dream of building your own home. Let us provide you and an approved builder the necessary financing to turn your dream into a reality.

Our construction draw loan program is offered in a single or double close format, allows flexible draws as well as land financing for all types of new build properties, and as little as 10% equity. What's more, when construction is complete, you have our wide array of permanent mortgage options to choose from.

Home construction draw loans are limited to properties in Connecticut, Florida, New Jersey, New York, North Carolina, Pennsylvania, South Carolina, and Virginia.

Top

Home Renewal Program
When you fall in love with a house, you can't let a leaky roof, outdated kitchen or unreliable electric or plumbing keep you from making it your own. The Home Renewal Mortgage* was created to make it easier and more economical to buy and fix a historic or older home. Or, you can refinance your existing mortgage to renovate your home. Home Renewal Mortgages are available on properties located in Connecticut, Florida, New York, North Carolina, Pennsylvania and South Carolina for 1 - 4 unit owner-occupied and second homes with loan amounts to $1 million. (Learn More...)
* Mortgage must be first lien.

Top

Government Programs
If you're a first-time homebuyer, have had minor credit problems in the past, possess limited savings, would like to rehabilitate a property or are an eligible Veteran, we have the government insured or sponsored loan for you.

We offer a complete line of FHA, VA and State of New York Mortgage Agency (SONYMA) programs. 100% financing and below market interest rates are just some of the benefits of these programs.

HSBC is an approved FHA direct lender in the following states: Connecticut, Delaware, Florida, Maryland, Massachusetts, New Jersey, New York, North Carolina, Pennsylvania, South Carolina, Virginia, West Virginia, and the District of Columbia. For the states of California, Nevada, Ohio, and Tennessee, HSBC has FHA lending authority only in limited areas. Please call 1-800-622-7759 for specific information on these states.

For VA loans, HSBC is a direct lender in all states except Alaska, California and Hawaii.

Top

Affordable Housing Programs
Are you a first-time homebuyer? Is your income level in the low-to-moderate category? If either of these is the case, then we have the conventional mortgage to fit your budget.

We can help you finance your dream of homeownership. Minimal down payment requirements, closing cost assistance, expanded qualifying ratios and the accommodation of grant subsidies are just some of the benefits HSBC has to offer. Ask about our HOME 97 and CommunityWorks program options. (Learn More...)

CommunityWorks is available in Florida (Broward, Dade and Palm Beach Counties), New York, Pennsylvania (Delaware, Montgomery and Philadelphia Counties). HOME 97 is available in California, Delaware, Florida (Broward, Dade and Palm Beach Counties), New York, Oregon (Clackamas, Multnomah and Washington Counties), Pennsylvania (Delaware, Montgomery and Philadelphia Counties), and Washington (King County).

Top

Low and No Down Payment Loan Programs
Affording the home of your dreams has never been easier. If you have good credit but minimal funds for a down payment, our Low and No Down Payment loan options can be your keys to home ownership! Our Fannie Flex100 and Freddie100 programs are designed to give you the flexibility to purchase a home sooner while you use your existing funds for investments other than a home down payment.

Fannie Flex 100 / Freddie 100

With these programs you can purchase a single-family home and you'll only need 3% of your own money for closing costs which can come from a variety of sources including a gift, grant or unsecured loan.

Top