Federal Home Loan Bank of Atlanta (FHLBA)

GRANT PROGRAMS

 

Services for Potential Homebuyers

 

Contact an FHLBA member financial institution to learn more about how you can use FHLBA funds to achieve your dreams of homeownership. To receive funds, individuals must meet eligibility guidelines and apply for funds through a participating member financial institution. Member financial institutions award thousands of dollar in subsidies to assist with closing costs and down payments for first-time and non-first-time homebuyers.

Contact Mary Ellen Murray at homesbymaryellen@gmail.com or (443) 621-9928 for more details and recommendations of lenders who participate in the FHLBA Grant program.

 

 

Current Products

 

FIRST-TIME HOMEBUYER PRODUCT

The First-time Homebuyer Product (FHP) provides up to $5,000 in matching funds for the down payments and closing costs of first-time homebuyers. The Bank has offered the FHP since 1997, making homeownership a possibility for over 18,000 families.

 

COMMUNITY PARTNERS PRODUCT

Provides up to $7,500 in down-payment and closing-cost funding to current or retired law enforcement officers, educators, health care workers, firefighters, and other first responders that are first-time homebuyers or non-first-time homebuyers.

 

VETERANS AND RETURNING VETERANS PURCHASE PRODUCTS

Provides up to $10,000 in funding for a home purchase by veterans or active duty members of the U.S. military or their surviving spouses. Veterans Products are available nationwide through FHLBA members.