FirstDown Documents
Program Overview, Process, Guidelines & Definitions
Third Quarter 2019 Maximum Mortgage Rates for Owner-Occupied Projects
FIRST MORTGAGE 5.75% ------ SECOND OR SUBSEQUENT MORTGAGE 7.75%
Documents are now available below for our new grant. Do not have to be first time homebuyers to qualify. Priority will be given to Military Veterans.
WE ARE CURRENTLY ACCEPTING NEW RESERVATIONS THAT MEET ONE OF THE FOLLOWING:
1. MILITARY VETERAN. RESERVATIONS ONLY NEED TO MEET THE MILITARY VETERAN TARGET. THEY MUST BE AT OR BELOW 80% AMI.
2. ANY RESERVATION THAT MEETS AT LEAST ONE TARGET. CAN BE AT OR BELOW 60% AMI.
FirstDown funds can't be used in conjunction with any other FHLBank of Topeka funding.
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. Preference will be given to Special Needs, Large Units and Military Veterans.
-
First National Bank of Omaha is the FHLBank Member and their address is 1620 Dodge Street, Omaha, NE 68197
Additional Information
