Down Payment Savings from FHLB Atlanta Bank:
Up to a $15,000 Savings for Homebuyers

 

Up to $10,000 Downpayment / Closing Costs Assistance with Pathway to Purchase

Up to $15,000 for Those Who Buy a Home in College Park

Tax Credits for Laurel Foreclosed Home Buyers

Savings for Military and Veterans ~ Maryland Homefront

Maryland Mortgage Program Offers Low Interest Rates & 5K Assistance for Maryland Homebuyers

Homeownership for Individuals with Disabilities Program

Police & Sheriff Home Savings in Prince George's County

 

Down payment and closing cost savings are available to homebuyers through two new programs. These programs are available through a number of local and national banks which are part of the Federal Home Loan Bank of Atlanta (FHLBank Atlanta) network. These two programs do NOT require you to be a first-time homebuyer.

The Foreclosure Recovery program provides up to $15,000 for the purchase, or purchase and rehabilitation, of any home within the Real Estate Owned (REO, or better known as foreclosed) inventory of an FHLB Atlanta member financial institution.

The Community Stability program provides up to $7,500 for the purchase, or purchase and rehabilitation, of an existing home located in any neighborhood which is also approved for NSP funds. FHLBank Atlanta will provide up to $7,500 in 4 to 1 matching funds (the homebuyer must contribute at least $1,000) per eligible household for down payment and closing costs. Funds are available on a first-come, first-served basis and potential homebuyers must request the funds from a participating lender. A large number of local and national banks are participating lenders.

What is the FHLB Atlanta banking network? FHLB program information > Participating lenders >