Homeowner Assistance Program

We provide funding to help you get the house of your dreams.

 

Let us help you fund your next house. View our options to see which assistance program is right for you.

Give us a call at 301-933-9100 ext.104 or email us at MortgageMarketing@signalfinancialfcu.org to explore your next move.

 

First-Time Home Buyer

Up to $5,000 available for home purchase

Buying your first home is an important milestone in your life. Here at Signal Financial, we understand that finding the right financing plan is as important as finding a home that fits your lifestyle.

To help you get started on solid footing, Signal Financial can help first-time home buyers access up to $5,000 to assist with the down payment and closing costs incurred when purchasing a home. Funding is available to qualified first-time home buyers1.

In addition to meeting income eligibility requirements, the home buyer must:

  • Contribute at least $1,000 toward the purchase of the home
  • Occupy the home as a primary residence for at least five years
  • Complete a home buyer education and financial literacy course specified by Signal Financial

Signal Financial prides itself on providing accessible and feasible financial resources and mortgage products to first-time home buyers. Please contact one of our loan officers to determine if you are eligible for First-time Home buyer funding and to begin your application process.

Community Partners Product

Up to $7,500 available for home purchase

We are committed to supporting families and individuals who make their living serving others in the community. As part of this commitment, we offer a unique financial opportunity for current or retired law enforcement officers, educators, health care workers, firefighters, and other first responders who are purchasing a home.

Signal Financial can help home buyers access up to $7,500 to assist with the down payment, closing costs, and rehabilitation costs incurred when purchasing a home.

Funding is available to qualified home buyers that meet product and income eligibility requirements, including first-time home buyers or families and individuals that currently own a home or have previously owned a home.2

In addition to meeting eligibility requirements, the home buyer must:

  • Contribute at least $1,000 toward the purchase of the home
  • Occupy the home as a primary residence for at least five years
  • Complete a home buyer education and financial literacy course specified by Signal Financial

Please contact one of our loan officers to determine if you are eligible for Community Partners funding and to begin your application process.

Veterans Products

Up to $10,000 available for a home purchase

Supporting our military community by helping you achieve the dream of first-time home ownership or purchase a new home to support a growing household.

As a special offering to the military community, Signal Financial can help eligible veterans and active-duty members of the U.S. military*, their spouses, or their surviving spouses access grant funds of up to $10,000 for a down payment, closing costs, or principal reduction for the purchase of a home. No matching funds from the home buyer are required.

Funding is available to qualified borrowers that meet product and income eligibility requirements, including first-time home buyers or families and individuals that currently own a home or have previously owned a home.3

In addition to meeting eligibility requirements, the home buyer must:

  • Occupy the home as a primary residence for at least five years
  • Complete a home buyer education and financial literacy course specified by Signal Financial

Contact one of our loan officers for more information and to determine if you are eligible for funding.

Foreclosure Recovery

Up to $15,000 available for the purchase of a foreclosed home

If you are looking to purchase a foreclosed home, we’d like to help you get started on the right foot.

Qualified buyers can receive up to $15,000 to assist with the down payment, closing costs, or rehabilitation costs incurred with the purchase of the home.

Funding is available to qualified home buyers that meet product eligibility requirements, including first-time home buyers or families and individuals that currently own a home or have previously owned a home.4

In addition to meeting eligibility requirements, the home buyer must:

  • Contribute at least $1,000 toward the purchase of the home
  • Occupy the home as a primary residence for at least five years
  • Complete a home buyer education and financial literacy course specified by Signal Financial

Contact one of our loan officers to help you determine if you are eligible for Foreclosure Recovery funding and to begin the application process.


DISCLOSURES

1 First-time Homebuyer Product is a product of the Federal Home Loan Bank of Atlanta. Household income restrictions and other requirements apply. Please see Federal Home Loan Bank of Atlanta’s Affordable Housing Program Implementation Plan at www.fhlbatl.com for complete product requirements.

2 Community Partners Product is a product of the Federal Home Loan Bank of Atlanta. Household income restrictions and other requirements apply. Please see Federal Home Loan Bank of Atlanta’s Affordable Housing Program Implementation Plan at www.fhlbatl.com for complete product requirements.

3 The Veterans Products are products of the Federal Home Loan Bank of Atlanta and are available to veterans or active-duty members of any branch of the U.S. military, their spouses, or their surviving spouses. National Guard Reservists are eligible if they have served in active duty or performed services in active duty or were injured in active duty. Please see Federal Home Loan Bank of Atlanta’s Affordable Housing Program Implementation Plan at www.fhlbatl.com for complete product requirements.

4 Foreclosure Recovery Product is a product of the Federal Home Loan Bank of Atlanta. Household income restrictions and other requirements apply. Please see Federal Home Loan Bank of Atlanta’s Affordable Housing Program Implementation Plan at www.fhlbatl.com for complete product requirements.

How may we assist you?

Give us a call at 301-933-9100 ext.104 or contact us today to explore your next move, whether it’s a refinance or other mortgage options.