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 $7,500 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 $7,500 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 $10,000 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 Current or retired law enforcement officers, educators, firefighters, health care workers, and other first responders; veterans and active-duty members of the military or their surviving spouse; and COVID-related essential workers.

Signal Financial can help home buyers access up to $10,000 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.

Community Rebuild and Restore

Up to $10,000 available for the rehabilitation of a elgible home

Signal Financial is here to aid any homeowner with the rehabilitation of an existing owner- occupied home located in “Major Disaster Declaration” or COVID-related disaster areas as designated by FEMA.

Qualified buyers can receive up to $10,000 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.3

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

  • No minimum contribution 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 Community Rebuild and Restore 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 Community Rebuild and Restore 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.