ShareThisFederal Home Loan Bank of Atlanta
The Federal Home Loan Bank of Atlanta First Time Home Buyer Program is back in Maryland starting this month. The First Time Home Buyer Program (FHP) provides matching funds for down-payment and closing cost assistance to low and moderate income home buyers. In partnership with member financial institutions, The First Time Home Buyer Program awards up to $10,000 Per household and distributed to eligible home Buyers on a first come, first served basis.
The member financial institution may request up to five dollars of First Time Home Buyer Program funds for each dollar of home buyer cash, with a maximum of $10,000. The Buyer must contribute at least $500 in cash toward the purchase of the home and occupy the home as their primary residence for at least five years. The Buyer must complete a homeownership education program that addresses mortgage financing, credit worthiness, household budgeting, home maintenance, and avoidance of predatory lending.
Contact me for a list of participating lenders.
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