Loan Club

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Posted on March 11, 2019 at 04:23 AM

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FHLBNY Housing & Community Lending Programs | Housing ...
The First Home Club sm (FHC) was launched by the HLB in 1995 to offer an incentive for households with incomes at or below 80% of area median income to save towards the purchase of a new home. The program is a non-competitive set-aside of the HLB’s Affordable Housing Program and is administered through approved members of the HLB.The FHC ...
First Home Club Progam Guidelines - Federal Home Loan Banks
charges for loans of similar maturity, terms and risk. Agree to sign, at the time of closing, a 5-year Subordinate Mortgage or Declaration of Restrictive Covenant, if applicable, with the Member in the amount of the FHC grant.
Mortgage Loan -
You’ll also want to take advantage of the First Home Club’s Matching Savings Program, which makes matching contributions to help you save up in no time! ... **This program is funded through our NeighborWorks America Revolving Loan Fund. Interest rates may vary based on your income and whether you have selected a conventional mortgage ...

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