FHLBank Atlanta First-Time Homebuyer Product

FHLBank Atlanta First-Time Homebuyer Product is a forgivable loan for homebuyers in Baltimore, Maryland. FHLBank Atlanta Affordable Housing Program 'First-time Homebuyer Product' (FHP). Up to $17,500 forgivable assistance (5-year retention) for first-time buyers at 80% AMI. Funded by FHLB Atlanta; disbursed through member-institution lenders. Available statewide (and across FHLB Atlanta district: AL/DC/FL/GA/MD/NC/SC/VA); Live Baltimore is a Baltimore-City community partner. Up to $17,500 in down payment, closing cost, and/or rehabilitation assistance for first-time homebuyers (increased from $12,500 in 2024 to $17,500 in 2025-2026). Structured as a 5-year forgivable second mortgage retention agreement, secured by a deed restriction. Funded by Federal Home Loan Bank of Atlanta's Affordable Housing Program (AHP) and disbursed through FHLBank Atlanta member institutions. Live Baltimore is a community partner that markets the FTHP product to Baltimore City buyers. eligible buyer can use ANY participating FHLBank Atlanta member bank as the first-mortgage lender. 80% AMI cap. First-time homebuyer required (3-year lookback). Buyer must contribute $1,000+ of own funds. Counseling certificate required from city-approved agency. Eligible properties: owner-occupied 1-4 family, townhouse, condo, foreclosed property, cooperative, manufactured/mobile home, new construction (within 30 days of closing). Funding comes from FHLB AHP (Federal Home Loan Bank of Atlanta Affordable Housing Program).

FHLBank Atlanta First-Time Homebuyer Product offers up to $12,500 in assistance. Homebuyer contribution: Buyer must contribute at least $1,000 of own funds. The program can be combined with other assistance, subject to the rules of each. Amounts are the program's published maximums, not an offer — the administering agency determines any individual award.

FHLBank Atlanta First-Time Homebuyer Product is forgiven after 5 years, so a homebuyer who stays that long does not repay it. Repayment is triggered by 5-year retention period (deed restriction). If sale/transfer/cash-out refi/non-owner-occupancy within 5 years, prorated unforgiven AHP subsidy is recaptured by FHLBank Atlanta. Forgiven 1/60 per month over 60 months (effectively 5 years prorated). The assistance is recorded in 2 position. Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

FHLBank Atlanta First-Time Homebuyer Product is open to first-time homebuyers and homebuyers who will live in the home as their primary residence. "First-time" has exceptions here: Standard 3-year FTHB lookback. Displaced-homemaker / single-parent exceptions per HUD. On credit, the program states: No FHLBank Atlanta-published FHP minimum; first-mortgage lender's product minimums apply. A homebuyer education course is required, through Baltimore City-approved homeownership counseling agencies. HUD-approved counseling required by FHLBank Atlanta. Residency requirement: Property must be in FHLB Atlanta district (Maryland eligible) and serve as primary residence. For Live Baltimore-marketed application, property in Baltimore City. Citizenship or immigration status: Per first-mortgage product rules. First-time homebuyer (no primary residence ownership in past 3 years). Household income at or below 80% AMI for area (Baltimore HMFA: ~$68,450 1-person to $129,050 8-person). Owner-occupied primary residence. $1,000+ buyer contribution. HUD-approved homeownership counseling completed before closing. Must originate first mortgage with FHLBank Atlanta member institution. 5-year retention period - if property is sold/transferred/refinanced (cash-out)/non-owner-occupancy within 5 years, prorated unforgiven balance recaptured by FHLBank Atlanta. Eligible 1-4 family owner-occupied (subject buyer occupies one unit). Apply through participating member lender's AHP coordinator.

FHLBank Atlanta First-Time Homebuyer Product limits household income to 80% of the area median income, which varies by county and household size. Household income at or below 80% AMI (per HUD for property's MSA). Baltimore-Towson HMFA 2026 80% AMI: ~$68,450 (1-person) to $129,050 (8-person). The limit applies to total household income, not only the borrower’s. Area median income figures are published by HUD and updated annually, so check the current table for the county before relying on a number.

FHLBank Atlanta First-Time Homebuyer Product caps the purchase price as follows: No FHLBank Atlanta-published purchase-price ceiling; subject to first-mortgage lending limits. Eligible property types include Single-family detached, Townhome, Rowhouse, Condominium, 2-4 unit owner-occupied, Cooperative, Manufactured home, and New construction. New construction is eligible. Manufactured homes are eligible.

FHLBank Atlanta First-Time Homebuyer Product serves homebuyers purchasing in Baltimore, Maryland.

Applications for FHLBank Atlanta First-Time Homebuyer Product go through the administering agency, which publishes the current terms and the application steps on its own site. Funds are reserved through Apply through FHLBank Atlanta member institution (your first-mortgage lender). FHP funds reserved at lock; member submits to FHLB Atlanta AHP system. First-come, first-served within annual FHLB Atlanta funding allocation. Hey Prescott is not a lender and does not accept applications; this page describes the program so a homebuyer can take it to a lender or housing counselor.