Mortgage

Down Payment Assistance for the Military Community


Veterans, Active-Duty Military, National Guard Reservists, Spouses and Surviving Spouses Eligible

Special Mortgage program for first-time home buyers Burke & Herbert Bank is committed to supporting our military community, 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. Down payment assistance funds are available for both first-time and non-first-time buyers.

• Up to $10,000 available for U.S. Military, Veterans and National Guard Reservists who are serving or have served in an overseas military intervention, and their spouses or surviving spouses.

• Up to $7,500 available for:

  • Veterans who are currently serving or have served in any branch of the U.S. Military
  • National Guard Reservists who have served in active duty or performed services in active duty
  • Their spouses or surviving spouses

To participate in this down payment assistance program, borrowers must: Click this image for a printer-friendly page

  • 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 FHLB Atlanta.
  • Meet income eligibility requirements.*

Additional Down Payment Assistance Programs Available
We also participate in down payment assistance programs for these home buyers:

To learn more about these down payment assistance programs, visit your nearest branch or call us at 703-684-1655 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 this program are limited and subject to availability. Please see Federal Home Loan Bank of Atlanta's Affordable Housing Program Implementation Plan at fhlbatl.com for complete product requirements.

 

Member FDIC    Equal Housing Lender