-

HSBC Launches New Mortgage Assistance Program–CommunityWorks Opening Doors Grant

HSBC home loan grant expands the bank’s robust mortgage offerings.

NEW YORK--(BUSINESS WIRE)--HSBC announced today the launch of HSBC CommunityWorks Opening Doors, a new program that offers home loan grants to homebuyers in underserved counties in California, Florida, New York, New Jersey, Virginia, Washington and the District of Columbia. It is effective January 1, 2025.

The new grant provides up to $25,000 in down payment assistance for homebuyers who are buying a home with an HSBC CommunityWorks mortgage, an existing product that offers $5,000 in closing cost assistance, financing up to 97% of a property’s appraised value, and no private mortgage insurance (PMI) requirement, among other benefits.

“HSBC is committed to supporting financial equity in the communities we serve by making home buying an achievable dream for individuals who might otherwise face obstacles in their journey to purchase a home,” said HSBC U.S. Head of Mortgages Leigh Smith. “Our premier international business serves a broad base of clients who live and work in the U.S. and abroad. This new grant allows us to broaden the aperture of the clients we support.”

HSBC CommunityWorks Opening Doors is funded by a $25 million, four-year partnership between HSBC and the National Community Reinvestment Coalition (NCRC) with the goal of advancing opportunities in low- and moderate-income communities.

For details regarding this program and location eligibility click here.

About HSBC

HSBC Holdings plc, the parent company of HSBC, is headquartered in London. HSBC serves customers worldwide from offices in 60 countries and territories. With assets of US$3,099bn at 30 September 2024, HSBC is one of the world’s largest banking and financial services organizations.

HSBC Bank USA, National Association (HSBC Bank USA, N.A.) serves customers through Wealth and Personal Banking, Commercial Banking, Private Banking, Global Banking, and Markets and Securities Services. Deposit products are offered by HSBC Bank USA, N.A., Member FDIC. It operates Wealth Centers in: California; Washington, D.C.; Florida; New Jersey; New York; Virginia; and Washington. HSBC Bank USA, N.A. is the principal subsidiary of HSBC USA Inc., a wholly-owned subsidiary of HSBC North America Holdings Inc.

For more information, visit: HSBC in the USA

Contacts

Media enquiries
Matt Kozar
HSBC US Communications
Matt.Kozar@us.hsbc.com

Industry:

HSBC Bank USA, N.A.

NYSE:HSBC
Release Versions
English

Contacts

Media enquiries
Matt Kozar
HSBC US Communications
Matt.Kozar@us.hsbc.com

More News From HSBC Bank USA, N.A.

US Entrepreneurs Turn to AI to Drive Growth and Hiring, HSBC Study Finds

NEW YORK--(BUSINESS WIRE)--Wealthy US entrepreneurs are putting AI at the center of their growth strategies, with nearly all already changing or planning to change how they operate their businesses as a result, according to HSBC’s Global Entrepreneurial Wealth Report 2026. The study surveyed 3,085 high net worth and ultra-high net worth business owners worldwide. In the US, 94% of entrepreneurs have made or plan to make changes to their business operations in response to AI in the next 12 month...

HSBC Enhances Premier Offering in the US as It Expands Its Focus on Affluent Customers

NEW YORK--(BUSINESS WIRE)--HSBC today announced an enhanced Premier offering in the United States to meet the evolving needs of affluent customers who increasingly manage their wealth and lives internationally. The proposition supports HSBC’s ambition to be the most trusted bank globally. The enhanced Premier offering spans four areas – wealth, health, travel and international— as HSBC expands its focus on serving affluent consumers, a segment representing approximately 40% of global wealth.1 B...

The Trust Threshold: The Majority of U.S. Investors Use AI To Explore, But Only 7% Say It Drove Their Last Major Decision

NEW YORK--(BUSINESS WIRE)--AI has become a mainstream tool for U.S. investors to research finance and investing topics, but when it comes to making a decision, they turn to trusted human advisors for judgment, context, and conviction. These findings come from a new survey, commissioned by HSBC from Ipsos Asia Limited, of almost 10,000 affluent and high-net-worth individuals across 10 markets, including over 1,000 in the U.S., exploring how individuals use AI in finance and investment decision-m...
Back to Newsroom