Artisans' Bank, in collaboration with FHLBank Pittsburgh, is pleased to introduce two comprehensive programs tailored specifically for first-time and first-generation home buyers. These initiatives aim to provide essential support and resources, making the home-buying process more accessible and affordable.
Whether you’re navigating your journey to homeownership for the first time or breaking new ground as a first-generation buyer, these programs are designed to help you achieve your homeownership dreams!
Read more about these two programs and the terms of eligibility below:
FHLB - First Front Door Program
TERMS OF ELIGIBILITY
- A minimum contribution of $1,500 towards the homebuyers down payment or closing costs of the home.
- The prospective homebuyer must be a person who has not owned an eligible property used as their primary residence in the last three years.
- At or below 80% of the median income of the area (this takes into consideration the entire household income).
- Must complete at least four hours of homeownership counseling form an approved counseling agency prior to the purchase of the home.
- Cannot receive cash back at settlement for any reason.
- Please ensure that your lender provides no more than $250.00 cash back at loan closing.
- Eligible for a maximum First Front Door Grant of $15,000.00.
Terms & conditions of this offer are subject to change without notice. | Additional eligibility restrictions may apply.
FHLB - Keys Program
TERMS OF ELIGIBILITY
- A minimum contribution of $1,000 towards the homebuyers down payment or closing costs of the home.
- The prospective homebuyer must be a first-time homebuyer and identify as a Minority and/or First-Generation homebuyer, as defined by FHLBank.
- At or below 120% of the median income of the area
- Must complete at least four hours of homeownership counseling form an approved counseling agency prior to the purchase of the home.
- Cannot receive cash back at settlement for any reason.
- Please ensure that your lender provides no more than $250.00 cash back at loan closing.
- Eligible for a maximum Keys Grant of $20,000.00.
Terms & conditions of this offer are subject to change without notice. | Additional eligibility restrictions may apply.
Get in touch with an AB Loan Officer
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