Help to Get You In a New Home
First-Time Homebuyer Grants
First-time homebuyers may be able to qualify for up to $20,000 in assistance for down payments and/or closing costs.
Found the Perfect Home? A Homebuyer’s Grant Can Help Make It a Reality.
A down payment is often the biggest hurdle new homebuyers face. We’re making it easier for Andrews Federal members to get into their first homes with grant programs and low-rate mortgage options.
Significant Financial Support
Up to $20,000 in assistance for qualified recipients
Flexible Options
Can be used for down payment and/or closing costs
Potential to Waive Repayment
No repayment required when you own the home for at least five years
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Your Questions. Answered.
Frequently Asked Questions about Homebuyer Grants
Learn more about homebuyer assistance programs work and how they can help you.
How early should I speak with a loan officer in the home buying process?
We recommend speaking with a loan officer as one of the first steps in the home buying process - up to 6 months in advance. Our experienced loan officers can help you review your credit, income and assets, as well as answer questions about the mortgage and homebuying process.
Can I qualify for other grant or down payment assistance programs in addition to the FHLB grant?
Yes, the FHLB grant is stackable with many local/national/employer-provided down payment assistance programs.
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We do business in accordance with the Equal Credit Opportunity Act. Must be a member of the credit union to open any loan account. Rates, terms and conditions vary based on creditworthiness and qualifications and are subject to change. Additional restrictions may apply.
*APR=Annual Percentage Rate.