For every $1 you contribute to the down payment and closing costs, you can receive up to $4 in matching funds, up to a maximum of $5,000. Paired with our First-Time Homebuyer mortgage, that grant can go a long way to reaching the minimum 3% of the purchase price down on a home.
Here are some of the other qualifications you must meet to participate:
Contribute at least $1,000 toward the purchase of the home
Occupy the home as a primary residence for at least five years
Complete a homebuyer education and financial literacy course
Features & Benefits of our First-Time Homebuyer Mortgage:
- Fixed-rate 30-year term with low interest rates
- As little as 3% of the purchase price down
- No prepayment penalties
- Affordable closing costs and down payment assistance
- Earn rebates with our HomeAdvantage™ Program
View our Disclosure page here.
The First-time Homebuyer Grant is a product of the Federal Home Loan Bank of Atlanta. Household income restrictions and other requirements apply. Please see Federal Home Loan Bank of Atlanta’s Affordable Housing Program Implementation Plan at www.fhlbatl.com for complete product requirements. Certain restrictions apply. Loans are granted based on credit worthiness and the ability to repay.