The Affordable Housing Program (AHP) offers first-time homebuyers up to $15,000 in grant funds to help make homeownership a reality. The Homeownership Set-aside Program (HSP) provides down payment, closing costs, and repair assistance for buyers earning at or below 80% of the Area Median Income (AMI) in our four-state district. It’s important to have a safe, stable and affordable home and this is your chance to secure the home you’ve been dreaming of.
The Homeownership Set-aside Program (HSP) provides down payment, closing cost and repair assistance to first-time homebuyers earning at or below 80% of the Area Median Income (AMI) for households purchasing or constructing homes in our four-state district.
At Core Bank, we’ll guide you through the process—submitting documents to FHLBank, providing grant funds at closing, and handling reimbursement. The FHLB was passed and enacted in 1932 and provides funds to local financial institutions for them to lend to a customer in the form of a mortgage. The structure of the FHLBanks is important because it ensures local banks have access to funds to be competitive and offer a variety of loan programs to buyers.
Core Bank’s team of lenders are committed to helping you achieve your dreams, whether you’re ready to buy, build, or refinance your home.
Start your home search with confidence and submit your application for pre-approval so you can be ready for house hunting. Let us help you with the home mortgage process so you can own your first home and achieve the American dream. Let’s turn your homeownership dreams into reality—reach out to someone from our team and apply today!
