Federal Home Loan Bank (FHLB) is Back! $5,000 Forgivable Grant!

Posted by: najirashid on Wednesday, January 27th, 2016

Federal Home Loan Bank of Atlanta first-time home buyer grant program is back! All buyers must contribute a minimum of $1,250 into buying their home, and those funds can actually be gifted as well. This grant is forgivable after 5 years. If a buyer sells the property prior to 5 years then the grant is forgiven at 20% per year. FHLB does not cap out the buyer’s debt ratio at 45% like most other grant programs. The buyer does their¬†home buying counseling over the phone for this program. FHLB can also be combined with other first-time home buyer grant programs. All banks or lenders do not participate in this program. You can contact me for a list of mortgage companies or lenders that participate.¬†

2 Responses to “Federal Home Loan Bank (FHLB) is Back! $5,000 Forgivable Grant!”

azeezat awesu Says:
June 25th, 2016 at 9:38 PM

Hello, pls how do Register for the first time home buyers program? Looking for to get a response.
thanks
Azeezat

najirashid Says:
June 26th, 2016 at 10:52 PM

Hello azeezat,
to register for a first-time home buyer workshop contact Neighborhood Housing Services of Baltimore at 410-327-1200 or Harbel Housing Partnership at 410-444-9152. I you have not been pre-qualified yet I would recommend that you do that first. I can refer you to lenders that specialize in first-time home buyer programs. I can be reached at 410-977-7176. Thanks.

 

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