Grow Financial Federal Credit Union
"First-time Homebuyer Program" text overlayed on an image of a man and woman looking over a balcony smiling
March 16, 2021

Introducing the Affordable Housing Program for First-Time Homebuyers

Buying your first home is an important milestone in your life. We understand that finding the right financing plan can be as important as finding the right home, and we’re excited to participate in the Affordable Housing Program for first-time homebuyers in partnership with the Federal Home Loan Bank of Atlanta (FHLBank).

The First-Time Home Buyer Assistance Program is designed to help eligible first-time homebuyers overcome the initial burden of upfront costs related to purchasing a home. You could receive up to $7,500 in grant funding to help with the down payment, closing costs, counseling or rehabilitation assistance in connection with the purchase of an existing home.*

To be eligible for this program, you’ll need to:

  • Have household income that is equal or less than 80 percent of median income as defined by the U.S. Department of Housing and Urban Development, adjusted for family size.
  • Contribute at least $1,000 toward the purchase of the home.
  • Occupy the home as a primary residence for at least five years.
  • Complete a homebuyer education and financial literacy course specified by FHLBank Atlanta.

Eligible properties include one-to-four-unit family residences, townhouses, condominiums, cooperatives and manufactured homes deeded as real estate.

Ready to get started?

We’d love to discuss the Affordable Housing Program with you. Our team of local Real Estate Loan Officers can help determine if you are eligible for the First-Time Home Buyer Assistance Program funding and help you as you begin the application process.

Contact Us to Learn More

*Subject to program eligibility.
Grow Financial mortgage loans are valid for the purchase or refinance of owner-occupied residential properties in the states of Florida, South Carolina, North Carolina, Georgia and Tennessee including single-family detached, condominiums and townhomes. Not valid for the purchase of investment properties. Grow Financial mortgage loan rates are updated daily and available at

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