Saving for A Home Just Got Easier
With MatchUpSM, an All For HomeSM solution, we’ll help put you on a path to homeownership through an automated savings plan and support from a HUD certified housing counselor.
How It Works
1. Schedule an appointment to discuss eligibility requirements. Be prepared to include details for all borrower(s) who would be listed on the mortgage application, including gross income earned in a year before taxes and deductions.
2. Eligible borrowers are required to participate in a mortgage readiness counseling session.
3. Set up your online account on the savings platform and begin saving today!
After six months of consecutive savings...
you’ll be eligible to receive a contribution match up to $2,500 to be used towards your down payment or closing costs. Additionally, your funds can help you qualify for the Freddie Mac Home Possible® mortgage that offers a low, 3% down payment financing option.
Taylor Dubord, a 25-Year-Old Recent First-Time Homebuyer
Like many her age, Taylor had a taste of living on her own while attending college. Then after moving home with her parents and saving some money, she started wondering whether homeownership was within her reach.
“I was working two part-time jobs and was careful about budgeting and saving,” she recalls. “But I really didn’t have any idea how much I needed to save or about the other expenses that go into it, like private mortgage insurance (PMI) and closing costs.”
MatchUpSM is Brought to You by
Copyright © 2021 EarnUp. All Rights Reserved. *Terms and conditions apply. Please review disclosures and eligibility criteria below:
Currently, this program is only available in AL, AR, LA, MI, and MS. Other eligibility criteria apply.
This program is administered by the Homeownership Preservation Foundation (HPF). EarnUp does not administer the homebuyer readiness program or determine program eligibility. We provide a platform to help you save towards a down payment or closing costs!
Funds are held by EarnUp’s banking partners, Members FDIC. For your benefit, these funds are held in a custodial account. Account insurance coverage is subject to FDIC rules and limitations.
Eligibility criteria apply and not all applicants are eligible for this savings matching program. Funds are matched up to a maximum of $2,500 and may only be applied towards the financing of a new home for eligible homebuyers. One key criterion for eligibility is having a total gross qualifying income at or below 80% of the county area median income (AMI). Matching funds will be provided at the closing of a new mortgage. Additional eligibility requirements and fees may apply. Contact HPF for details.
The eligibility review is at no cost to the borrower. HPF’s counseling fee of $99 is paid at the time of the mortgage readiness counseling session.
The matching funds will be applied as a credit when you close on your mortgage, as long as closing occurs within 12 months of issuing an AMI Eligibility Letter but no later than 36 months from program enrollment. Matching funds may be up to two-to-one depending on the amount contributed.
Meeting the savings requirements and completing the required counseling only fulfills the MatchUp program requirements. It does not constitute a determination of borrower approval for a mortgage loan. Mortgage loan approval will depend on several factors, including the accuracy of information provided to the lender, originating a loan with a participating lender, and lender underwriting requirements at the time of mortgage origination. Distribution of any assistance is subject to the final determination of the borrower’s qualifying for a mortgage by a participating lender.