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FHLB Community Stability Program
Federal Home Loan Bank (FHLB)
FHLB Community Stability Program is a
product that provides up to $5,000 in down-payment and closing-cost funding to all income-eligible homebuyers for the purchase or purchase/rehabilitation of an existing home in neighborhoods targeted for stabilization by a government or special district or authority. Potentially, all locations in Maryland neighborhoods targeted for stabilization by a government or special district or authority are eligible.
Property Eligibility Requirements
Home must be located in a neighborhood targeted for stabilization by a federal, state, or local government entity or any special district or authority. Example entities include: State, county, and city governments, Development authorities, Water districts.
Allowable property types:
Owner-occupied 1-4 family properties, townhouses, condominiums, cooperatives, foreclosed properties, manufactured and mobile housing, new construction (within 30 days of closing)
Qualified lenders in Maryland include: Advance Bank; Hamilton Federal; Presidential Bank; Severn Savings Bank; Columbia Bank; First United Bank & Trust; First Mariner Bank; Madison Square Bank; OBA Bank; Damascus Community Bank; Eastern Savings Bank; State Employees Credit Union of Maryland. The program provides matching funds of up to $5,000 per household. Funding is provided as a 4:1 match.
Please note: Every attempt is made to reflect
accurate and up to date information on housing programs displayed
on this site. Some inaccuracies may exist. For verification contact
a certified REALTOR member or a participating Lender.
For more information about this and other homebuyer programs please
contact one of the following:
Workforce Housing Certified REALTOR®
Find a participating Lender