First-time Homebuyer Assistance Program through FHLBank

Arundel Federal Savings Bank is excited to offer the Federal Home Loan Bank’s Affordable Housing First-Time Homebuyer* program to qualified first-time homebuyers. Achieve the dream of homeownership with up to $12,500 in down-payment and closing-cost assistance for first-time homebuyers.

If you are a law enforcement officer, educator, health care worker, first responder, veteran, or essential worker, you may be eligible for an additional $2,500, for a total of $15,000 in assistance.

In addition to meeting the eligibility requirements, the homebuyer must:

• Contribute at least $1,000 toward the purchase of the home.
• Occupy the home as a primary residence.
• Complete a homebuyer education and financial literacy course specified by the FHLBank Atlanta.

If you or someone you know is interested in this program, please contact our Loan Servicing Department at 410-768-7800, option #2, or one of our Loan Originators and let’s work together to get you in that first home.