​Up to $50,000 Downpayment Assistance Grants Available

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Up to $50,000 Middle-Income Downpayment Assistance Grants are available for a short time for First Time Homebuyers. Contact us to learn more and apply.1 

Middle-Income Downpayment Assistance Grants:

The Federal Home Loan Bank (FHLB) is once again making a $50,000 Downpayment Assistance Grant program available for eligible First Time Home Buyers! The program grants help families and individuals who qualify as first-time homebuyers, earning between just over 80% up to 140% of the area median income (AMI) based on the purchase property location1Contact us and learn more!

Eligible homebuyers who contribute a minimum of $10,000 toward their downpayment may qualify for a grant of up to $50,000 that can be used for downpayment and closing costs. These funds can complement other grants from local, state, and federal homeownership programs.1

$50,000 FHLB Downpayment Assistance Grants are Limited:

FHLB $50,000 First-Time Homebuyer Downpayment Assistance Grant applications are accepted for a limited time and when grant funds are depleted, the program ends. Immediate action is recommended!

Contact one of our skilled Mortgage Loan Consultants
to learn more and get started.


Deri Ross
Mortgage Loan Consultant

NMLS # 361879

Mobile: 916-802-7989
Email: dross@sactocu.org

Ahnalee Andaya

Mortgage Loan Consultant

NMLS # 1846466

Mobile:  916-508-7992
Email: aandaya@sactocu.org
For more information about 

Middle-Income Downpayment Assistance Grants

Visit the FHLB website resource page for details

1The applicant must:

  • Be a first-time homebuyer, as defined by the U.S. Department of Housing and Urban Development (HUD);
  • Income eligibility requires the homebuyer household to have earnings between 80.01% and 140% of the HUD defined AMI based on purchase property address and adjusted for household size;
  • Successfully complete a homebuyer counseling program;
  • Purchase an eligible property as their primary residence in Arizona, California, or Nevada. Such property may include (1) single-family homes, such as a condominium, cooperative housing, and manufactured homes, and (2) housing with two to four dwelling units with at least one owner-occupied unit;
  • Open escrow on a home purchase transaction, with closing scheduled within 60 days prior to the Bank member requesting program funds, which such member will disburse to the homebuyer; and
  • Make a minimum contribution of $10,000, which may come from savings or gifted funds.
  • Other restrictions apply.
  • Offer may end at any time and/or when Grant Funds are no longer available or are depleted.
  • Equal Housing Lender.