FHLB and VHDA Grants

$12,500 First-Time Homebuyer Grant

Benefits:

Used toward Down Payment or Closing Costs
No Repayment after 5 year

Qualifications:

First-Time Homebuyer
Must be Owner-Occupied
Meet Income Limits

$15,000 Community Partners Grant

Benefits:

Used toward Down Payment or Closing Costs
No Repayment after 5 year

Qualifications:

Must be Owner-Occupied
Meet Income Limits

Virginia Housing First-Time Homebuyer Program

Benefits:

No or Low Down Payment
Low Monthly Payments

Qualifications:

First-Time Homebuyer
Must be Owner-Occupied
Meet Income Limits

*The examples above are an outline of the general terms and conditions for the programs. All loans are subject to credit, property and underwriting approval. The offerings, terms and conditions are subject to change without notice

Community Partners Grant

UP TO $15,000 AVAILABLE FOR A HOME PURCHASE

At Freedom Bank Mortgage, we are committed to supporting those who make their living serving others. As part of this commitment, we offer a unique financing opportunity of up to $15,000 towards a home purchase for qualified current or retired law enforcement, volunteer and career firefighters, educators, healthcare workers, and other first responders; veterans or active-duty members of the U.S. military or their surviving spouse.

Funding is available to qualified borrowers that meet product and income eligibility requirements, including first-time homebuyers or families and individuals that currently own a home or have previously owned a home.

IN ADDITION TO ELIGIBILITY REQUIREMENTS, THE HOMEBUYER MUST:*

Contribute at least $1,000 toward the purchase of the home
Occupy the home as a primary residence
Meet Income limits

For every mortgage loan that we close for a first responder, Freedom Bank will either provide a $500 lender credit toward closing costs, or the Freedom Bank Foundation will make a $500 donation to a non-profit serving the families of fallen firefighters, fallen law enforcement personnel or to another non-profit organization designated by the borrower.

*Community Partners Product is a product 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.