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FHLB Veterans Products
Federal Home Loan Bank (FHLB)
FHLB Veterans Products is a
set of programs for income-eligible veterans or their surviving spouses Properties must be located in the United States or its territories.
Property Eligibility Requirements
FHLB member banks are listed here- http://corp.fhlbatl.com/MemberDirectory/mdmem.aspx
Maryland lenders participating in the set aside programs are: Advance Bank; Chesapeake Bank of Maryland; Hamilton Federal; Rosedale Federal S& L Assn.; Presidential Bank; Severn Savings Bank; Columbia Bank; First United Bank & Trust; First Mariner Bank; Carrollton Bank; Madison Square Bank; American Bank; OBA Bank; Damascus Community Bank; Eastern Savings Bank; State Employees Credit Union of Maryland.
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) based on the selected product.
FHLB funds are subject to 5-year retention agreements to ensure that the properties are retained as affordable housing. The assistance ranges from $5,000 for homebuying assistance to $15,000 for purchase/rehabilitation, including energy efficiency, weatherization and accessibiity improvements.
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