HF Offers Finance Support for Single-Parent Households Headed by Single Moms and Grandparents

- HF works with KEB Hana Bank to launch products with lower guarantee fees and interest rates  

HF does its part to support the housing stability of single-parent households. 

Korea Housing Finance Corporation (HF, CEO Lee Jung-Hwan) stated on the 7th that it concluded the Memorandum of Understanding (MOU) on Finance Support for the Housing Stability of Single-Parent Households with KEB Hana Bank (CEO Ji Sung-Kyoo) on May 7, 2019. 

Under the MOU, HF and KEB Hana Bank are joining hands to support single-parent households headed by single moms and grandparents. As part of their efforts, they will launch a loan product specially designed for the target households on the 10th, which is the Day of Single-Parent Families. Those eligible for this loan product will enjoy preferential benefits, including ▲ a 0.1% point guarantee fee discount, ▲ an up to 90% loan guarantee, and ▲ a up to 0.25% point rate discount for jeonse loans. 

HF CEO Lee Jung-Hwan said, “We hope that this product will help reduce the housing-cost burden of single-parent families. We will continue to work to realize an inclusive housing finance solution down the road.”     

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HF signed the MOU on Finance Support for the Housing Stability of Single-Parent Households with KEB Hana Bank at its Seoul Metropolitan Headquarters at Sejong-daero, Seoul, on the 7th. HF CEO Lee Jung-Hwan (left) poses with KEB Hana Bank CEO Ji Sung-Kyoo (right) for a photo after concluding the MOU.