Federal Home Loan Bank of Atlanta First Time Homebuyers - MONEY FOR BALTIMORE BUYERS

FHLBA partners with member financial institutions to create First-time Homebuyer Product (FHP) awards of up to $5,000 per household. FHP matches funds for downpayment and closing cost assistance to low- and moderate-income homebuyers. The money is distributed to eligible homebuyers on a first come, first serve basis.

Details

Maximum subsidy is $5,000 per homebuyer.

Funding is provided as a 4 to 1 match.

May be used to buy a foreclosure.

If your household income is equal to or less than the 80% Area Median Income (AMI) limit,  you may qualify for this incentive.

This incentive is for first time homebuyers.

The home must be the homebuyer’s primary residence.

Homebuyer must invest a minimum of $1,000 from personal resources.

Incentive may be used toward downpayment and closing costs.

Incentive is a five-year forgivable loan (Your balance is forgiven by 20% each year, at the end of five years you no longer have a balance).

The home may have up to 4 zoned residential units.

This incentive may be used in addition to other incentives.

Homebuyer must use an approved lender.

For More Information

Federal Home Loan Bank of Atlanta Community Investment Services
Website

courtesy of:  

Nakia Evans,

REALTOR (R), Licensed in MD

 

Cell: 443.864.1358

 

 My goal is always to provide consistent, reliable and professional service.  As a Realtor for 12+ years, I pride myself in exceptional Customer Service.  My background is in Residential Real Estate & Leasing, Commercial Property Management, Investment Properties, Real Estate Sales Office Management and Direct Sales.  My hobbies and interests include Social Networking, Entrepreneurship, Public Speaking, Event Planning, Marketing, and Team Building.  I specialize in finding Home Buying Incentive programs for my clients; and I would love to help you find your new home or investment property!   

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