AHP Homeownership Set-Aside Grant (Currently Unavailable)
This grant is not available through Federal Hill Mortgage right now, but we can still help you find the best path to homeownership.
What is the Affordable Housing Program (AHP) Homeownership Set-Aside Program?
The Affordable Housing Program (AHP) Homeownership Set-Aside is a down payment assistance program offered through Federal Home Loan Banks and participating member institutions. When available through a participating lender, it can provide help toward a buyer’s down payment and closing costs, and in some cases it may be structured as a forgivable second lien based on program rules and continued owner occupancy.
Important update: Federal Hill Mortgage is not currently offering this specific AHP Set-Aside grant to new applicants. If you’re looking for help buying with low cash down, we can still help you explore other down payment assistance options and low down payment loan programs based on your location, income, and goals.
What we can help you explore instead
- Down payment assistance programs available in your area (eligibility varies by county and program)
- Low down payment mortgage options (for example, conventional, FHA, VA, USDA depending on eligibility)
- Grants or assistance options for first-time buyers and community heroes (when available)
Common questions about down payment assistance and low down payment options
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Can Federal Hill Mortgage still help if the AHP Set-Aside grant is unavailable?
Yes. We can help you review other down payment assistance programs and low down payment loan options that may be available based on where you’re buying, your household income, and your overall scenario.
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Do down payment assistance programs need to be repaid?
It depends on the program. Some are grants that do not require repayment. Others are structured as deferred loans or forgivable loans with specific rules. We’ll confirm the exact terms for any program you qualify for before you commit to anything.
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What usually affects eligibility for down payment assistance?
Most programs consider factors like purchase location, household income, first-time homebuyer status, credit profile, and whether the home will be owner-occupied. Some programs also target specific professions or community roles.
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What types of properties typically qualify for assistance programs?
Many programs require the home to be owner-occupied as your primary residence. Property type requirements vary by program.
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Which states can you help buyers in?
Federal Hill Mortgage is licensed in MD, DE, PA, VA, DC, NC, TX, and FL. Program availability varies by state and by local program rules.
For complete program details and eligibility requirements, please visit the official FHLB Affordable Housing Programs page.