Tuesday, June 2, 2009

CDC Federal Credit Union offers $10,000 Mortgage Grant Program for Down-Payment Assistance

In addition to the $8000 Tax credit offered to first time buyers, CDC Federal Credit Union and Federal Home Loan Bank of Atlanta has teamed together to offer $10,000 in down-payment assistance for qualified buyers. There are strict income limits in order to qualify, and the buyer must contribute $1000 towards down payment in order to receive assistance of $5000 or put a down payment of $2000 to receive the full $10000. If the buyer retains the home for a period of 5 years, the grant is cleared completely and does not require repayment. The program is available on a first come, first server basis, and up to $1 million has been allocated towards this program. For more information, please visit the CDC Federal Credit Union

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