Yes, Home HeadQuarters' loans (paid and deferred) are secured with a mortgage that you will sign at closing.

If you received financing through HHQ and all or a portion of that financing has no monthly payment, then you generally have a deferred loan. If you're unsure of whether you have a deferred loan, we recommend you review the documents you received during closing.

This type of financing is considered a loan because we have placed a lien upon your property to secure our interest. It is deferred because no monthly payments are due. The loan only comes due if the house is sold before the end of the term or if the customer no longer lives in the property as an owner-occupant.

Home HeadQuarters has some programs that provide grants to homeowners, homebuyers and investors. These grants are also called deferred loans because should you not meet the requirements of the grant, you might have to pay the grant back. Almost all grant programs have income eligibility requirements and many have residency requirements, meaning you have to continue living at your home for a certain amount of time.