FHLB Affordable Housing Program

Overview

Up to $25K in down payment + closing cost help, distributed through your lender if they're an FHLB member.

Detailed requirements

Provided through Federal Home Loan Bank member institutions. Income ≤80% AMI. First-time homebuyer (not owned in last 3 years). Homebuyer education required. 5-year retention period — partial repayment if you sell early. Funded annually; availability varies by district.

Eligibility at a glance

First-time buyer required

Yes

Max income (% AMI)

80%

Owner-occupied required

Yes

Homebuyer education required

Yes

Note: Available through participating FHLB-member lenders. Funds limited; first-come.