Unlock Your Path to Homeownership with the FHL Grant Program

Unlock Your Path to Homeownership with the FHL Grant Program

By Tad Bruening, Vice President, Mortgage Lending, NMLS #523520 at Elkhorn Valley Bank

Up to $15,000 Available for Qualified Homebuyers

Are you ready to make your homeownership dreams a reality? At Elkhorn Valley Bank, we're excited to offer an incredible opportunity for first-time homebuyers and repeat buyers through the FHL Grant Program. This grant provides up to $15,000 per household to help with your down payment and closing costs. What is the best part? The grant is forgiven in 5 years!

Here's everything you need to know to take advantage of this fantastic program:

What is the FHL Grant Program?

The FHL Grant Program is a limited-time offer that provides qualified homebuyers with up to $15,000 to assist with purchasing a home. This funding can be used toward your dow

n payment and closing costs, making home-buying more affordable. Whether you're buying your first home or a seasoned homeowner looking for a new place, this grant can help ease the financial burden of getting into your new home. Maximum household income limits do apply.

Why Choose the FHL Grant?

• Up to $15,000 Available: Funds can be used for down payment and/or closing costs.
• Forgivable Grant: The grant is forgiven after 5 years, meaning you don't have to pay it back.
• First-Come, First-Served: This is a limited offer, and funds are available on a first-come, first-served basis.
• Maximum Household Income Limits: Federal Home Loan Bank implements household income limits to this program.
• Qualify with EVB Pre-Approval: You'll need to get pre-approved through Elkhorn Valley Bank. Pre-approval helps streamline the home-buying process and ensures you can quickly access the funds you need. Registration for the grant occurs once you have a fully signed purchase agreement.

How to Apply

1. Get Pre-Approved: You must be pre-approved through Elkhorn Valley Bank before accessing the grant funds. Our team is ready to help you with the pre-approval process, making it easier to secure your funding.
2. Purchase Agreement: Provide your fully signed purchase agreement to your lender.
3. Act Quickly: Funds are limited and available on a first-come, first-served basis. Once the funds are gone, they're gone!
4. Wait for Approval: After registration, please allow up to 30 days for your application to be processed and to close on your new home.

Eligibility Requirements

To qualify for the FHL Grant, you must meet specific maximum household income guidelines. Approval is subject to funds availability and the FHL program guidelines. The grant is available to first-time and repeat buyers, so no matter where you are in your homeownership journey, we can help you.

Get Started with Elkhorn Valley Bank

At Elkhorn Valley Bank, we're proud to offer this exciting opportunity to help you achieve your homeownership goals. As a local, community-focused bank, we're committed to providing the support and resources you need to make your home-buying experience as smooth as possible.

The FHL Grant Program is a limited-time offer, so don't wait! Get pre-approved with us today. Then, work with your realtor to obtain a seller-accepted purchase agreement. We will register you for the grant. Approval is subject to program requirements and funds availability. Our team is here to guide you every step of the way, ensuring that you have the tools and knowledge to make informed decisions.

Member FDIC, Equal Housing Lender