Community Partners Product*
Community Partners Product provides up to $15,000 in home purchase assistance to current or retired law enforcement officers, educators, health care workers, firefighters, and other first responders; veterans and active-duty members of the military or their surviving spouse; and COVID-related essential workers. Funding is available to both first-time homebuyers and non-first-time homebuyers that meet product eligibility requirements.
Product Highlights:
- Maximum funding per household is $15,000
- The homebuyer must contribute at least $1,000
- Eligible for primary residence purchases
- Grant funds can be used for down payment and closing costs
- Income limits apply
- Homebuyer education course required
Eligible homebuyers include:
- Current and retired law enforcement officers
- Educators
- Health care workers
- Firefighters and other first responders
- Veterans and active-duty members of the military or their surviving spouse
- COVID-related essential workers
First-Time Homebuyer Product*
First-Time Homebuyers Product provides up to $12,500 in down-payment, closing-cost, and principal reduction assistance for the purchase of a home by a first-time homebuyer. Homebuyers must meet product eligibility requirements and apply for funding through a participating member financial institution.
Product Highlights:
- Maximum funding per household is $12,500
- The homebuyer must contribute at least $1,000
- Grant funds can be used for down payment and closing costs
- Must be primary residence with forgivable loan options after 5 years
- Homebuyer counseling required
- Household income limits may apply
Eligible homebuyers include:
- First-time homebuyers
- A single parent who owned a home with a former spouse
Please contact one of our loan officers to determine if you are eligible for one of our Down Payment Assistance (DPA) Programs and to begin your application process.
*Community Partners Program and the First-Time Homebuyer Program are products 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.