Down Payment Assistance for First-Time Home Buyers

Up to $12,500 in matching funds available.

For many first-time home buyers, the biggest obstacle to home ownership is making a down payment. Burke & Herbert Bank offers access to funding that can help you make a down payment and/or pay for the closing costs incurred on a new home.

To participate in this down payment assistance program, borrowers must:

  • Contribute at least $1,000 toward your home’s purchase.
  • Occupy the home as your primary residence, with no cash refinance of the property, for at least five years.
  • Complete an approved home buyer education and financial literacy course specified by the Federal Home Loan Bank of Atlanta.
  • Meet income eligibility requirements.*

Additional Down Payment Assistance Programs Available

We also participate in down payment assistance programs for these home buyers:

  • Veterans, Active-duty Military, and National Guard Reservists Learn more
  • Service Sector Employees Learn more

To learn more, visit your nearest branch or call us at 1-855-571-5824 and ask to speak with a Mortgage Loan Officer.

* Buyers must meet Burke & Herbert Bank’s minimum qualifying underwriting standards. Household income must be equal to or less than 80% of HUD Median Income adjusted for family size in the area where the home is being purchased. This is not a commitment to lend money.

First-time Home Buyer Product is a product of the Federal Home Loan Bank of Atlanta. Household income restrictions and other requirements apply. Funds for these programs are limited and subject to availability. Please see the  opens in a new windowFederal Home Loan Bank of Atlanta’s programs for complete product requirements.

Notice: You are about to leave Burke & Herbert Bank’s website.

By accessing this link, you will enter a website not operated by the Bank. We provide links to third-party websites as a convenience to our clients, but do not control the content, products, or services offered there. This site may have different privacy, security, and accessibility standards. We encourage you to review the privacy and security policies of the site you are visiting.

If you do not wish to leave, please click “cancel.” If you’d like to continue, please click “proceed.”

Cancel Proceed
The owner of this website has made a commitment to accessibility and inclusion, please report any problems that you encounter using the contact form on this website. This site uses the WP ADA Compliance Check plugin to enhance accessibility.