If you’re looking to purchase a home and need extra financial assistance, our $15,000 Homebuyer Grants might be exactly what you need. These grants are literally free money with no strings attached—no first-time buyer requirements, no retained ownership stipulations, and no repayment obligations. Read on to learn how these Federal Home Loan Bank (FHLB) grants can be a game-changer in your homebuying journey.
Who Provides The $15,000 Homebuyer Grants?
These grants are provided for homebuyers in Georgia and Florida through our strong relationship with the regional FHLB Bank in Atlanta. Designed to help a broad range of homebuyers, the program offers a generous $15,000 grant that can significantly offset your down payment or closing costs. Best of all, these funds are available to buyers who meet the income eligibility criteria, which is set at 80% to 120% of the Area Median Income (AMI).
Why This Grant Is a Game-Changer
- No Repayment Requirements: Unlike traditional loans, these grants do not require repayment. This means you receive free money to help finance your home purchase!
- No Strings Attached: There are no hidden conditions or mandatory stipulations, such as being a first-time buyer or maintaining a certain period of homeownership.
- Flexible Financing Options: The grant can be used alongside almost any type of mortgage financing, offering flexibility in how you structure your home purchase.
- Wide Eligibility: With income limits set between 80% and 120% of the AMI, many potential buyers can qualify, even if they think their income might be too high. The income limits are much higher than most people realize.
How Do the Grants Work?
The Federal Home Loan Bank (FHLB) provides these grants to support homeownership in communities where the cost of buying a home can be a significant hurdle. Our partnership with the regional FHLB Bank in Atlanta enables us to offer these funds to a wide range of eligible buyers. Whether you’re a seasoned homeowner or stepping into the market for the first time, these grants provide a unique opportunity to boost your purchasing power.
Who Can Benefit?
These grants are ideal for:
- Prospective Homebuyers: Individuals looking to reduce upfront costs when purchasing a home.
- Low-to-Moderate Income Families: Buyers who meet the program’s income limits (80% to 120% of the AMI) and might not qualify for other assistance programs.
- Anyone Seeking Flexible Financing: Since the grants can be combined with almost any type of mortgage financing, you’re not restricted by conventional loan requirements.
Grant FAQs
Who is eligible for the $15,000 Homebuyer Grant?
The grants are available to homebuyers who fall within the program’s income limits of 80% to 120% of the Area Median Income (AMI). There are no restrictions such as first-time buyer status, and you can use the funds with almost any type of mortgage financing. This makes the grant accessible to a wide range of buyers who meet the income criteria.
Are these grants available for homebuyers in specific states?
Yes, the grants are available for homebuyers in Georgia and Florida, along with other eligible regions. If you reside in either of these states and meet the income requirements (80% to 120% of the AMI), you can take advantage of this opportunity. Our program is designed to support buyers in multiple regions, and we can provide additional details about local availability if you’re interested.
How can the grant funds be used during the homebuying process?
The $15,000 grant can be used to help cover down payments, closing costs, or other expenses associated with purchasing a home. Because there are no repayment requirements or conditions on retained ownership, these funds essentially serve as free money to boost your purchasing power and help ease the financial burden of buying a home.
Getting Started
If you want to know if you could benefit from this “free money” program, reach out to JVM Lending for more details. We’re happy to explain the program further, help assess eligibility, and guide you through the application process. Don’t miss out on this opportunity to secure $15,000 in grants that can make your dream of homeownership a reality.
