In February the FHLB program has been rolled out and I am very excited to be able to originate these loans for first time home buyers. The program offers a 1 to 5 dollar match on your down payment up to 7,500 dollars. If the borrower provides 1,500 dollars down and meets the household area median income they will receive a 7,500 grant. The grant can be used either for a down payment or towards the property or to pay off closing cost. This grant unlike many is forgivable after five years. My realtors have been capturing this grant for their clients and getting the seller contribute towards closing cost. Also rates on these grants are not any higher because they are grants like some others that you will see. The rates are priced the same as a standard FHA 30 year fixed. Call today to find out the entire details and to take advantage of this program.

Here are some recommended Realtors that are very familiar with the FHLB program

Mark Beaty Keller Williams agent 770.540.9398
Joselito Gonzalez Keller Williams 404.509.2394
Bill Reed Remax Greater Atlanta 770.480.5674

Elden Alvarez
Mortgage Banker
Brand Mortgage Group
Apply today: ealvarez.brandmortgage.com Website www.mortgagesourcetoday.com
PH 678.267.0277
6224 Sugarloaf Parkway Ste 200
Duluth, GA 30097