First Time Home Buyer Grant Program - DC, MD, VA, NC, SC, GA, FL or AL

Education & Training with Realty Group Referrals 16766

First Time Home Buyer Grant Program

The Federal Home Loan Bank of Atlanta (FHLBA) participates with approved lenders to offer First Time Home Buyer Grants to purchase properties and the money can be used for down payment and closing costs. No monthly payment is required!


1.    First Time Home Buyers only (not owned a home for 3 years)

2.    Owner Occupied properties only

3.    Income restrictions - 80% of Area Median Income

4.     Non-Occupant Co-Borrower’s are allowed. Does not count towards income restriction!              

5.     Home buyer counseling required (No fee to buyer)

6.     Buyer must have minimum $1,000 of their own funds into the transaction

7.     The funds available are a 4:1 match. For every $1 the buyer puts into the transaction the FHLBA matches with $4 up to a maximum of $5,000. A borrower who contributes $1,250 can get $5,000 from the grant program.

8.     This grant is not repaid if the buyer lives in the property for 5 years. If less than 5 years there is a recapture amount to pay back

9.      Single Family, Townhome or Condominium

10.    FHA or VA

11.    Property located in DC, MD, VA, NC, SC, GA, FL or AL.        

Presidential Bank Mortgage is an approved lender for this outstanding program.

For More Information, Contact: Joseph F. Salisbury   Office: (301) 590-8911 ext. 209, Manager                                                          Cell:    (301) 706-7475 NMLS# 525752

Our thanks to Joe for providing information on this program for first time home buyers.

Have a great weekend and be sure to have your camera in hand to capture those special moments.  Please share photographs from your favorite places in the comments for this post.

Dahlias at Brookside Gardens IMG_5771

Photograph by Roy Kelley

Roy and Dolores Kelley Photographs

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Roy and Dolores Kelley Photographs

Roy Kelley and Associates


Roy Kelley, Associate Broker

Realty Group Referrals

6 Montgomery Village Ave., Suite 200

Gaithersburg, MD 20879

Main Office:  301-258-7757 (You will not reach me at this number)

Send an email message to if you need my phone numbers. I will be happy to recommend a real estate professional if you are moving to the area.


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Marco Giancola
Beachfront Realty - Miami Beach, FL
Realtor (305)608-1922, Miami Beach Florida

Hey Roy-always a good thing-I wish they had had that program back in the day when I was a first timer!

Jan 21, 2012 08:15 AM #2
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker

Roy - these days any help we can get for first time home buyers is a good thing. It is getting more difficult for first timers to enter the market. Enjoy your day!

Jan 21, 2012 08:18 AM #3
Anita Clark
ColdwellBanker SSK Realtors ~ 478.960.8055 - Warner Robins, GA
Realtor - Homes for Sale in Warner Robins GA

Roy: Excellent overview of the First time Homebuyer Grant program. It's worthwhile for those that qualify.

Jan 21, 2012 08:20 AM #4
Rob Thomas
Prestige Homes of The Tri Cities, Inc. CALL....423-341-6954 - Bristol, TN
Bristol TN-VA & Tri Cities Agent, ABR, GRI, e-Pro

Roy ....Great info for first time home-buyers!  I'm surprised they include condos ...those have been really hard to get financed recently.


Jan 21, 2012 08:26 AM #5
Toni Weidman
Florida Luxury Realty - Trinity, FL
24 Years Selling Homes in New Port Richey, FL

Roy - this IS good information for the first-timers. Thanks for sharing it with us. I'm suggesting.

Jan 21, 2012 08:47 AM #6
Jennifer Chiongbian
Specializing in all types of Manhattan apts & townhouses - Manhattan, NY
Real Estate Broker - NYC

That is great info.  Do you know what the cap is for the maximum loan amount for this program?

Jan 21, 2012 09:23 AM #7
Brian England
Arizona Focus Realty - Gilbert, AZ
Realtor, GRI, MBA, Real Estate in East Valley AZ

Sounds like a great program Roy, I am sure this will help out a lot of buyers!

Jan 21, 2012 09:40 AM #8
Roy Kelley
Realty Group Referrals - Gaithersburg, MD
Roy and Dolores Kelley Photographs

Good Saturday morning to all.  I have been shoveling snow on this icy morning in Maryland.  Contact your mortgage lender for details on this program for first time home buyers.

Have an outstanding weekend!

Dahlias at Brookside Gardens IMG_5779


Photograph by Roy Kelley

Roy and Dolores Kelley Photographs

Jan 21, 2012 09:43 AM #9
John McCormack
Albuquerque Homes Realty * - Albuquerque, NM, Albuquerque Homes Realty

Roy - Great information I didn't see NM on your list.  I'll check it out.  You and Dolores have a great Saturday!

Jan 21, 2012 10:24 AM #10
Robert (Bob) Gilbert
Berkshire Hathaway HomeServices Anderson Properties - Katy, TX
Your Katy TX Real Estate Expert


Great information for first time home buyers. I was ready to send off your blog to a client I spoke to this week but Texas is not included. Good blog and thanks for passing the information to the public.

Jan 21, 2012 11:49 AM #11
Roy Kelley
Realty Group Referrals - Gaithersburg, MD
Roy and Dolores Kelley Photographs

This first time home buyer program is an offering by the Federal Home Loan Bank in Atlanta.  Real estate professionals in other regions may wish to check on the availability of similar programs for other states.

Have an outstanding weekend!

Daffodils at Brookside Gardens IMG_2764

Photograph by Roy Kelley

Roy and Dolores Kelley Photographs

Jan 21, 2012 11:55 AM #12
Juli Vosmik
Dominion Fine Properties - Scottsdale, AZ
Scottsdale/Cave Creek, AZ real estate 480-710-0739

Roy, this is great information for first time home buyers in so many states.  Great job getting the information out.  

Jan 21, 2012 12:13 PM #13
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of Manchester NH's Leading Agents

Good Afternoon Roy, This is great infomration that sure will help home buyers. It looks like a great program, i wish they would expand into NH. Have a great Saturday

Jan 21, 2012 12:37 PM #14
Keith Gilkey
Re/Max Chesapeake - Elkton, MD
410-920-7214, Re/Max Chesapeake

Roy, This is valuable information. Thanks for sharing and  have a great day!

Jan 21, 2012 01:38 PM #15
Jeanean Gendron
The Address Realty - Redding, CA
Specializing in Selling Unique Properties

Roy, it is so nice to visit and get flower fixes. Not one but many. They are so beautiful. Lucky First Time Home Buyers get flower also. Have a great weekend.

Jan 21, 2012 04:35 PM #16
Judith Parker
ProStead Realty - Charlotte, NC
CRS, GRI, CMRS, Charlotte, NC

Hi Roy, I will have to check with my lenders to see if they are aware of this program for it sounds great.  Thanks for sharing.

Jan 21, 2012 08:02 PM #17
Jennifer Fivelsdal
JFIVE Home Realty LLC | 845-758-6842|162 Deer Run Rd Red Hook NY 12571 - Rhinebeck, NY
Mid Hudson Valley real estate connection

Roy an assistance for first time buyers is a great idea.  In my marketplace first time buyers are the once buying houses these days.

Jan 21, 2012 10:49 PM #18
Al Raymondi
Ocean View Realty Group in Ormond By The Sea Florida - Ormond Beach, FL
Ormond By The Sea Florida - Home and Condo Sales a

Thanks for getting us the info on this program Roy, I'll be checking with local lenders to see who is participating.

Jan 22, 2012 08:34 AM #19
Barbara-Jo Roberts Berberi, MA, TRC - Greater Clearwater Florida Residential Real Estate Professional
Charles Rutenberg Realty - Palm Harbor, FL
Palm Harbor, Dunedin, Clearwater, Safety Harbor

Great information indeed, Roy. I have helped people use these first time homebuyer programs as well.

Jan 22, 2012 10:57 AM #20
Roy Kelley
Realty Group Referrals - Gaithersburg, MD
Roy and Dolores Kelley Photographs

Thanks so much for your comments.  

Have an outstanding week!

Dahlias at Brookside Gardens IMG_5809

Photograph by Roy Kelley

Roy and Dolores Kelley Photographs

Jan 22, 2012 11:16 AM #21
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