$10,000 First-Time Homebuyer Grant Available, Beginning 2023

As welcomed news for first-time homebuyers, it was recently announced that beginning in 2023, the FHLB Homebuyer Grant will increase to $10,000, making it even easier for aspiring homeowners to purchase a home. This increase in funding will help more people achieve the dream of homeownership.

As a potential first-time homebuyer, you may be eligible for the Federal Home Loan Bank (FHLB) Homebuyer Grant. This grant will provide up to $10,000 to assist you with the purchase of a home. The FHLB Homebuyer Grant is available in all 50 states, the District of Columbia, and the U.S. Virgin Islands.

The FHLB Homebuyer Grant is intended to help first-time homebuyers with low to moderate incomes complete the purchase of a home. The grant can be used for down payment assistance, closing costs, or other related expenses. It can also be used to purchase a home in a designated rural area or a home located in a designated low- to moderate-income census tract.

In order to qualify for the FHLB Homebuyer Grant, you must meet certain criteria. You must be a first-time homebuyer, have a valid Social Security number, and have an eligible source of income. You must also have a credit score of at least 620 and meet income limits based on the size of your family and the area you plan to purchase a home in.

Our team can assist in determining if you’re eligible for this program. If you’ve been considering stepping into homeownership, now is a great time to take advantage of these funds.

We offer competitive rates and terms, as well as personalized service from our experienced loan officers. Our team is dedicated to helping you find the best mortgage for your needs. We make the process easy and stress-free, so you can focus on finding the perfect home. From start to finish, we’ll be with you every step of the way.