IHFC
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America’s home finance industry needs scalable mortgage alternatives to support a new age of homeowners.

The overwhelming reality is that the economic recovery has not benefited most American households to the point where they have regained the capacity to qualify for a mortgage. This is especially the case for those families that lost jobs, had financial setbacks or lost homes resulting from the Great Recession. Further, the scars from the personal experiences of Millennials who witnessed family members and friends losing homes to foreclosure will not heal quickly. Today’s home finance industry needs innovative programs that safely and securely bridge households into qualified homeowners while concurrently supporting the existing residential mortgage infrastructure.

Our Financing Options

The IHFC through its partnership with Trio delivers a permanent home financing alternative to the traditional mortgage. Trio specializes in lease with purchase option and seller financing agreements that enable a qualified consumer to select a home available for sale and finance it for 3 to 40 years. Programs include Trio lease-to-own, 5-year convertible Lease, and 40-year seller financing, including a certified compliant product under international Shariah standards.

Every Trio financing agreement is coupled with an assumable mortgage, typically provided by FHA. Home affordability is preserved securing both home price and a mortgage with an interest rate fixed at today's affordable rates.

From first-time buyers to the growing mobile workforce, new entrepreneurs and military personnel, and the immigrating workforce, Trio delivers much needed financing for households seeking to own a home.

In addition to mortgage alternatives, the IHFC and its members provide down payment assistance to consumers seeking traditional mortgages. Programs up to 5% of the purchase price are available through participating lenders across the USA.

Consumer Underwriting

Trio uses common sense underwriting to qualify its customers. It promotes approval for those building credit or recovering from setbacks while maintaining credit standards equal to that of government mortgage products with minimum credit scores at 580.

Underwriting keys on current income and rental history, but accommodates households with new careers, new to our country, members of our military returning to the workforce and small business owners. Down payments are equal to the minimum provided by FHA at 3.5% of the purchase price.

Key Program Attributes:

  • Extends credit to those that meet credit requirements but don't qualify for a mortgage
  • Does not require or utilize government subsidies;
  • Programmatically and financially benefits state and local government housing agency participants;
  • Preserves future affordability through an assumable mortgage;
  • Promotes low down payment mortgage offerings from FHFA and FHA;
  • Structured to protect government insured mortgage guarantees;
  • Safe and affordable for consumers; and
  • Utilizes the residential industry on transactions ‘as usual’.