Grants That Could Make Your Mortgage More Affordable

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.