In participation with the Federal Home Loan Bank of Atlanta’s First-Time Homebuyer Program and Community Partners Product Program, Powell Valley National Bank is helping consumers access funding assistance for down-payment proceeds and closing costs associated with a new home purchase.
Buying your first home is an important milestone in your life. Here at Powell Valley National Bank, we understand that finding the right financing plan is as important as finding a home that fits your lifestyle.
To help you get started on solid footing, Powell Valley National Bank can help first-time homebuyers access up to $7,500 to assist with the down payment and closing costs incurred when purchasing a home. Funding is available to qualified first-time homebuyers*.
At Powell Valley National Bank, we are committed to supporting families and individuals who make their living serving others in the community. As part of this commitment, we offer a unique financial opportunity for current or retired law enforcement officers, educators, health care workers, firefighters, and other first responders; veterans and active-duty members of the military or their surviving spouse; and COVID-related essential workers who are purchasing a home.
Powell Valley National Bank can help homebuyers access up to $10,000 to assist with the down payment, closing costs, and rehabilitation costs incurred when purchasing a home.
Funding is available to qualified homebuyers that meet product and income eligibility requirements, including first-time homebuyers or families and individuals that currently own a home or have previously owned a home.
*In addition to meeting income eligibility requirements, the homebuyer must:
- Contribute at least $1,000 toward the purchase of the home
- Occupy the home as a primary residence for at least five years
- Complete a homebuyer education and financial literacy course specified by FHLBank Atlanta
Powell Valley National Bank prides itself on providing accessible and feasible financial resources and mortgage products to first-time homebuyers. Please contact one of our loan officers to determine if you are eligible for First-time Homebuyer or Community Partners funding and to begin your application process: https://www.powellvalleybank.com/our-staff/#mortgage-lending .