If you’re a first-time homebuyer or haven’t owned a home in the last three years, you may be eligible for a grant from the Federal Home Loans Bank (FHLB) of San Francisco of up to $50,000 that can be used towards the down payment and closing costs.
- Funds are available only for a limited time on a first-come, first-serve basis and are expected to run out fast.
- Applicants must meet certain requirements, including maximum allowable income requirements.
- Property must be purchased in AZ, CA, or NV.
Request Eligibility Consultation
Make your move to home ownership by contacting NGFCU’s Home Loan Concierge team. They’ll review eligibility requirements and help you find the right financing solution.
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Loan approval, rates, and terms are based on creditworthiness. NMLS #774623
The Middle Income Down Payment Assistance Program is a First-Time Homebuyer Program that offers a one-time 5:1 match of the borrower's contribution towards downpayment and closing costs. Example: A borrower must contribute $10,000 to qualify for a $50,000 grant. Maximum grant in 2025 is $50,000. Borrower contribution can come from household savings and/or gift funds. Other grants and/or credit/concessions from a party of the transaction are not considered homebuyer contribution. Must be first-time homebuyer according to FHLB definition and restricted to households with earnings between 80.01% up to 140% of Area Median Income, based on the location of the property to be purchased and adjusted for household size. Eligibility: Participant must occupy property as a primary residence and complete a homebuyer counseling program provided by an experienced organization.