SPHFC – South Plains Housing Finance Corporation

Economic Development

What is the South Plains Housing Finance Corporation?
It is a non-profit organization sponsored by SPAG that offers first-time home buyers lower interest rates. It was created in 1979 as a public, non-profit organization with a mission to facilitate, in partnership with the private sector, the availability of decent, affordable housing for low-to-moderate income citizens. Interested persons can call the South Plains Housing Finance Corporation at 806.745-9559 to learn who the participating lenders are.

How does it work?
Single family mortgage revenue bonds are funneled through home mortgage lenders throughout the SPAG region and targeted to first-time home buyers. Interested persons can call the Economic Development department at 806.762.8721 to learn who the participating lenders are.