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Federal Home Loan Bank Homeowner Assistance Program

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What is a FHLB Grant?

The Federal Home Loan Bank Grant offers qualifying members1 access to funds2 that can be used towards a down payment, closing costs or rehabilitation of an existing unit.

Those who may qualify:

  • First-Time Homebuyers
  • Current or retired law enforcement officers, educators, health care workers, firefighters, and other first responders; and veterans and active-duty members of the military or their surviving spouse.
  • Those affected by a natural disaster

Benefits

Cover Closing Costs

Buying a home is expensive and a FHLB grant can help cover costs that creep up throughout the process.

Reduced Down Payment

FHLB grant provides the possibility of lowering the down payment, making the home more affordable.

Moderate Income Support

Can help low-income to moderate-income members who may have difficulty becoming homeowners.

Get started by meeting with a mortgage expert today!




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