Federal Home Loan Bank of Atlanta (FHLB) Program Starts April 19, 2010 up to $7,500 in Grant Money for First-Time Home Buyers!
The Federal Home Loan Bank of Atlanta first-time home buyer program (FHP) will start on April 19, 2010. Through its FHP, the Bank will provide up to $7,500 in matching funds per eligible household for down payments and closing costs. The Bank has preliminarily allocated approximately $11 million dollars of funds for the 2010 FHP offering.
Since 1999, the Bank has funded over $59 million in FHP dollars to help more than 9,700 familiesÂ purchase their first home. More information should be available soon about the program requirements and the funding process. Last year several of my clients used this program to purchase their first home. Don’t miss out! Contact me for more details.