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  4. Grants That Could Make Your Mortgage More Affordable
Three Grants
Personal Finance, Home Buying

Grants That Could Make Your Mortgage More Affordable

February 21, 2021
Reggie Rossignol

Make your house more affordable with grant funds.

If you’re in the market to buy a new home and have been looking at houses, you know that a house qualifying as ‘affordable housing’ doesn’t always fall within your means.

This can be a challenge when the government considers housing to be affordable if payments are less than 30% of total income – still a steep hill for many.

Affordability is an issue we can help with.

WE OFFER THESE GRANT PROGRAMS TO QUALIFIED BUYERS

  • First Time Homebuyers —This program provides qualified first-time homebuyers up to $12,500 to assist with the down payment and closing costs. To qualify, you must occupy the home for five years, contribute a minimum of $1,000 towards the purchase of the home and complete a homebuyer education and financial literacy course specified by FHLBank Atlanta.

  • Community Partners — This program provides up to $15,000 for current or retired law enforcement officers, educators, firefighters, health care workers, and other first responders; veterans and active-duty members of the military or their surviving spouse; and COVID-related essential workers. To qualify, you must occupy the home for five years, contribute a minimum of $1,000 towards the purchase of the home and complete a homebuyer education and financial literacy course specified by FHLBank Atlanta.
HOW TO APPLY

To learn more about these programs or to apply, contact our mortgage specialists.

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