Who Qualifies for FFD Funding?
Qualified first-time homebuyers have the flexibility to utilize FFD grants for both the down payment and closing costs.
Each prospective homebuyer is required to:
•Be a first-time homebuyer; A person who has not owned a single-family home used as their primary residence in the last three years
• Contribute personal funds as part of the down payment and closing costs. Minimum personal funds contributed = $1,500.
• Have household income at or below 80 percent of the area median income at the time of registration.
• Complete at least four hours of homeownership counseling, including the topic of predatory lending, before the purchase of the home.
• If a student, they must work at least 30 hours a week.
Program begins April 16th and is available for a limited time.
**Restrictions apply. See your CNB Mortgage Banker for details