Need Downpayment or Closing Cost Assistance? Here is a Perfect Match!

Have you ever wished someone would match you dollar for dollar on your savings for your next home purchase?  Well, the Atlanta Federal Home Loan Bank (FHLBank) does something even better.  It matches 5 to 1, meaning if you have saved $1000 towards an home purchase, you can get $5000! 

The FHLBank homebuyer grant has a $10,000 maximum grant but this would definitely help any would-be buyer.  As an added perk, this grant does not require any payments, has no interest, and is forgivable.  And the best part is that this program (as of 6/23/09) has $6,922,175.57 funds available.  So if you are saddened that the GA DREAM NSP program is already out of funds (they do have a waiting list you can register for), the FHLBank grant may be even better!

Do you qualify?  Visit http://corp.fhlbatl.com/CommunityInvestment.aspx?id=118.  If you need to know what lenders offer the FHLBank grant, contact places2love@gmail.com or 404.444.5777.

Happy House Hunting!