FHLBank Atlanta Community Partners Product

What is FHLBank Atlanta Community Partners Product?

FHLBank Atlanta Community Partners Product is a grant for homebuyers in South Carolina, administered by Federal Home Loan Bank of Atlanta.

• FHLBank Atlanta's Community Partners Product provides up to $20,000 in down payment, closing cost, counseling, or rehabilitation assistance to employed or retired law enforcement officers, educators, firefighters, health care workers, veterans, active-duty military, surviving spouses, and other first responders. Both first-time and non-first-time homebuyers are eligible. Income must be at or below 80% AMI. Available statewide through FHLBank Atlanta member financial institutions.
• Up to $20,000 grant (no repayment).
• Open to first-time AND move-up buyers.
• Serves law enforcement, educators, firefighters, healthcare, veterans, active military, and surviving spouses.
• Statewide through FHLBank member lenders.
• This is a federal program, so it is available beyond a single state or city.
• Funding comes from FHLBank Atlanta AHP Homeownership Set-aside (2025: $40M pool).

How much assistance does it provide?

FHLBank Atlanta Community Partners Product offers up to $20,000 in assistance.

• Amounts are the program's published maximums, not an offer — Federal Home Loan Bank of Atlanta determines any individual award.

Do you have to pay it back?

FHLBank Atlanta Community Partners Product is structured as a grant, so it is not repaid.

• Repayment is triggered by None — outright grant, no repayment required.
• Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Who qualifies?

FHLBank Atlanta Community Partners Product is open to buyers who will live in the home as their primary residence.

What are the income limits?

FHLBank Atlanta Community Partners Product limits household income to 80% of the area median income, which varies by county and household size.

• Household income at or below 80% of county area median income (or state median family income, whichever is higher), adjusted for family size, per annual HUD publication.
• Area median income figures are published by HUD and updated annually, so check the current table for the county before relying on a number.

What kind of home can it be used for?

FHLBank Atlanta Community Partners Product can be used for Single Family, Townhouse, Condo, and 2-4 Unit.

• New construction is not eligible.
• Manufactured homes are not eligible.

Is there eligibility for specific groups?

FHLBank Atlanta Community Partners Product names veterans, active-duty service members, reservists and National Guard members, surviving spouses, educators, law enforcement officers, firefighters, and healthcare workers among the groups it serves.

• Being named here means the program mentions the group, not that membership alone qualifies an applicant — the rest of the eligibility rules still apply.

Where does it apply?

FHLBank Atlanta Community Partners Product is a federal program, so it is not limited to South Carolina.

How do you apply?

Applications for FHLBank Atlanta Community Partners Product go through Federal Home Loan Bank of Atlanta, which publishes the current terms and the application steps on its own site.

1. 1

   Take a homebuyer education course

   Required by the program, through HUD-approved or FHLB Atlanta designated homebuyer counseling provider.

2. 2

   Contact Federal Home Loan Bank of Atlanta to reserve funds

   Funds are reserved with the provider and are subject to availability.

3. 3

   Work with a lender who handles the program

   Hey Prescott is not a lender and does not accept applications; this page describes the program so a buyer can take it to a lender or housing counselor.