First-Time Homebuyer Grant Program

HomeBoost First-Time Homebuyer Grant Program

Buying your first home is a significant milestone, and at First Savings, we understand that securing the right financing is just as crucial as finding the perfect home. That’s why we are proud to introduce the HomeBoost First-Time Homebuyer Grant Program, designed to provide financial assistance to those taking their first steps toward homeownership.

Up to $17,500 in Assistance for First-Time Homebuyers

Through the HomeBoost program, qualified first-time homebuyers can receive up to $17,500 in down-payment, closing-cost, and principal reduction assistance. This grant helps ease the financial burden of purchasing a home and makes homeownership more accessible and affordable.

How the HomeBoost Program Benefits You

This program is designed to:

• Provide essential financial support for first-time homebuyers.
• Help you stand out in a competitive housing market.
• Expand access to homeownership for more individuals and families.

Eligibility Requirements

To qualify for HomeBoost assistance, homebuyers must:

• Contribute at least $1,000 toward the home purchase.
• Occupy the home as their primary residence.
• Complete a homebuyer education and financial literacy course.
• Meet income requirements: Household income must be at or below 80% of the county area median income or the state median family income (whichever is higher), as determined annually by the Department of Housing and Urban Development (HUD).

Eligible Properties

HomeBoost funding is available for owner-occupied homes within the United States and its territories. Eligible properties include:

• Single-family homes (1-4 units)
• Townhouses and condominiums
• Foreclosed properties
• Cooperatives
• Manufactured and mobile homes
• New construction (within 45 days of closing)

Take the Next Step Toward Homeownership

First Savings is committed to making homeownership more accessible and transformative through innovative programs and personalized support. We are committed to changing lives by providing resources for homebuyers, sellers, originators, agents, and builders to help a diverse range of clients achieve homeownership. Through partnerships with key real estate organizations and access to various assistance programs, First Savings is simplifying and expanding opportunities for homeownership. 

 If you’re ready to explore homeownership and want to see if you qualify for the HomeBoost First-Time Homebuyer Grant, contact one of our loan officers today.

Don’t miss this opportunity to take advantage of up to $17,500 in financial assistance and make your dream of homeownership a reality.

Homebuyer product provides up to $17,500 in down-payment, closing-cost, and principal reduction assistance for the purchase of a home by a first-time homebuyer. Homebuyers must meet product eligibility requirements and apply for funding through First Savings.

Buying your first home is an important milestone in your life. Here at First Savings, 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, First Savings can help first-time homebuyers access up to $17,500 to assist with the down payment and closing costs incurred when purchasing a home. Funding is available to qualified first-time homebuyers*.

The First-time Homebuyer product can help you: 

• Differentiate yourself from the competition 
• Create relationships with real estate agents, builders, employers, and other industry professionals 
• Reach new customer markets and originate new mortgages 
• Reduce principal loan balance and qualify more potential homebuyers.

In addition to meeting eligibility requirements, the homebuyer must:

• Contribute at least $1,000 toward the purchase of the home
• Occupy the home as a primary residence
• Complete a homebuyer education and financial literacy course 

PRODUCT HIGHLIGHTS* 

• Maximum funding per household is $17,500 
• The homebuyer must contribute at least $1,000 
• The homebuyer must have income that is less than or equal to 80 percent of the county area median income or the state median family income for the area, adjusted for family size as published annually by the Department of Housing and Urban Development (HUD), whichever is higher 
• Funding is available for owner-occupied homes located within the United States and its territories 
• Eligible properties include:
  • Owner-occupied 1-4 family properties 
  • Townhouses and condos 
  • Foreclosed properties 
  • Cooperatives 
  • Manufactured and Mobile Housing 
  • New construction (within 45 days of closing)

First Savings 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 funding to begin your application process.