FirstDown Documents
Program Overview, Process, Guidelines & Definitions
First Quarter 2023 Maximum Mortgage Rates for Owner-Occupied Projects
FIRST MORTGAGE 8.48% ------ SECOND OR SUBSEQUENT MORTGAGE 10.48%
STARTING 4/29/2022 APPLICATIONS MEETING THE SPECIAL NEEDS AND/OR MILITARY VETERAN TARGET MUST BE AT OR BELOW 80% AMI. APPLICATIONS MEETING THE LARGE UNIT AND/OR LOCATED WITHIN A NEIGHBORHOOD REVITALIZATION AREA/STABILIZATION PLAN TARGET MUST BE AT OR BELOW 60% AMI UNLESS THEY ALSO MEET THE SPECIAL NEEDS AND/OR MILITARY VETERAN TARGET. ONLY ONE OF THE ABOVE TARGETS ARE REQUIRED BUT CONTINUE TO SHOW ALL THAT YOU CAN ADDRESS.
APPLICATIONS MEETING THE FHLBANK OF TOPEKA MEMBER FINANCIAL PARTICIPATION AND/OR ABATEMENT OF HAZARDOUS ENVIRONMENTAL CONDITIONS MUST ALSO MEET ONE OF THE OTHER TARGETS ABOVE.
FirstDown funds can't be used in conjunction with any other FHLBank of Topeka funding.
-
Low income = 80% AMI
Forms
-
Note: Reservations are not guaranteed. Income and targets must be somewhat balanced through the entire grant. For example we are not able provide all 80% AMI loans at the beginning.
-
First National Bank of Omaha is the FHLBank Member and their address is 1620 Dodge Street, Omaha, NE 68197
Additional Information
-
This is a list of just FHLBank Topeka members. Member banks can be from any of the FHLBank systems.
