The Federal Home Loan Bank of Atlanta’s First Time Homebuyer Program has funds coming available as of April 19, 2010, according to an email from the Maryland Association of REALTORS.
NEXT CYCLE of the First-Time Homebuyer Program (FHP) from the Federal Home Loan Bank (FHLB) of Atlanta opens April 19, 2010, and continues through Dec. 31, 2010 or until all available funds are disbursed, whichever occurs first. The program provides matching funds of up to $7500 per household for down-payment and closing-cost assistance to low- and moderate-income homebuyers. Qualified lenders in Maryland include: BankAnnapolis; Advance Bank; Chesapeake Bank of Maryland; Hamilton Federal; MECU of Baltimore; Rosedale Federal S& L Assn.; Slavie Federal Savings; First Mariner; Ideal Federal Savings; Presidential Bank; Columbia Bank; First United Bank & Trust; First Shore Federal; K Bank; Carrollton Bank. Participation lenders may have geographic or demographic restrictions. For more information, go to www.marylandhomeownership.com and click on ‘Buying a Home’, then ‘Financing Programs.’
There are certain banks that participate. There is counseling required, as well as income limitations and other requirements. I have partners at a number of the banks that participate, and am happy to help to point you in the right direction.
For more information, or to speak with one of my mortgage partners who understand the FHLB program, please contact me today.
Another great way to become a homeowner in Baltimore!
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