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First-Time Homebuyer Product

It’s time to get excited!

Are you ready to purchase your first home? We’re here to help!

Our First-time Homebuyer 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.

The First-Time Homebuyer Product can help you reduce principal loan balance!

Product Highlights*

  • Maximum funding per household is $12,500
  • The homebuyer must contribute at least $1,000
  • The homebuyer must have income that is less than or equal to 80% of the county area median income or the state median family income for the area, adjusted for family size as published annually by the Department of Housing and Urban Development (HUD), whichever is higher
  • Funding is available for owner-occupied homes located within the United States and its territories
  • Eligible properties include:
    • Owner-occupied 1-4 family properties
    • Townhouses, condos
    • Foreclosed properties
    • Cooperatives
    • Manufactured and Mobile Housing
    • New construction (within 45 days of closing)

*Additional requirements apply. Please see the Bank’s Affordable Housing Program Implementation Plan for more information.

Partnering With FEDERAL HOME LOAN BANK OF ATLANTA
1475 Peachtree Street, N.E. | Atlanta, GA 30309 | www.fhlbatl.com | 1.800.536.9650

 

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Rates effective as of: January 17, 2025

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