Short answer
Yes, if it's an established company program. On a Fannie Mae loan, employer help can be a grant, a repayable or forgivable loan, or a deferred-payment second mortgage, and it can cover all or part of the down payment and closing costs on a home you'll live in. It can't be used for a second home or investment property. The money must come straight from the employer or its affiliated credit union.
What forms can employer help take?
- A grant you don't repay.
- A fully repayable second mortgage or unsecured loan.
- A forgivable loan that's wiped out over time.
- A deferred-payment loan, repaid later, such as when you sell.
If the loan has no regular payments, it doesn't add to your monthly debts. If it does, the payment counts in your debt-to-income ratio.
Do I need to put in any of my own money?
Sometimes. For a one-unit home it can depend on how much you put down in total; a 2 to 4 unit home needs some of your own money first. Tom can run the numbers for your situation.
What will the lender need?
- Proof it's an established company program, not a one-time favor.
- The dollar amount and, for a loan, the written terms.
- Any other benefits, such as relocation pay or gifts.
- Proof the money came directly from the employer or its credit union.
Can ongoing employer help with my mortgage count as income?
For FHA, yes. HUD's Handbook 4000.1 lets an employer housing subsidy, meaning ongoing employer help with the mortgage, count as income once the lender verifies it exists and how much it is. It's added to your income; it isn't subtracted from the payment.
What should I ask HR?
Ask whether the company has a homebuying or relocation benefit, whether it's a grant or loan, and when the money is paid. Also check NH Housing and gift fund options.
Sources
- HUD Single Family Housing Policy Handbook 4000.1, Update 18 (August 2026), Employer Housing Subsidy (TOTAL)
- Fannie Mae Selling Guide B3-4.3-08, Employer Assistance
Checked November 2, 2026. Rules and dates change, so confirm current details before you rely on them.
General information only, not tax or legal advice. Program availability, eligibility and terms vary by lender and are subject to change and to underwriting approval. Not a commitment to lend.