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. 

Disclosures: *First-Time Homebuyer is a product of the Federal Home Loan Bank of Atlanta. Household income restrictions and other requirements apply. Please see Federal Home Loan Bank of Atlanta’s Affordable Housing Program Implementation Plan at for complete product requirements. NMLS# 671636. Member FDIC and Equal Housing Lender.