FHLB is a forgivable grant administered by approved lenders. The FHLB lender will provide the grant and the first mortgage. The grant application is made by the approved lender and not directly by the homebuyer.
Grant amount –$7500
For police officers, firefighters, nurses, teachers… $10,000
The grant is forgivable at twenty percent per year over five years.
Family household annual income limits apply. See table below.
Contact your FHLB lender or call 888-311-1070 for further details.