Down Payment Assistance for First Time Home Buyers

Up to $17,500 Available for Qualified  Participants

Burke & Herbert Bank supports first-time home buyers, by helping you access funds that have been specially designated for making a down payment and/or paying closing costs incurred when buying a home.

Up to $17,500 in funds is available for qualified first-time home buyers. 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 FHLB Atlanta.
  • Meet income eligibility requirements.*

Additional Down Payment Assistance Programs Available

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

  • Community Partners Learn more
  • Home Opportunity Mortgage Program Designed for borrowers with limited incomes or who are interested in purchasing homes in specially designated areas.  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.

This 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.

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