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Serving members worldwide since 1935.
For more than 80 years, Lafayette Federal has been a welcoming community partner devoted to providing our valued members with affordable banking products and dedicated financial support. We are now proud to offer our members affordable housing assistance1 designed specifically for first-time homebuyers, community partners such as law enforcement officers, educators, health care workers, firefighters, and other first responders, as well as veterans.

First-Time Homebuyer Purchase Assistance

To help you get started on solid footing, Lafayette Federal can assist first-time homebuyers in accessing matching funds for the down payment and closing costs incurred when purchasing a home. For every $1 you contribute to your home purchase, you can receive $4 in matching funds, up to $5,000. Funding is available to qualified first-time homebuyers.2

In addition to meeting income eligibility requirements, the homebuyer must:
  • Contribute at least $1,000 toward the purchase of the home
  • Occupy the home as a primary residence for at least five years
  • Complete a homebuyer education and financial literacy course specified by FHLBank Atlanta




2First-time Homebuyer Product is a product of the Federal Home Loan Bank of Atlanta. Household income restrictions and other requirements apply. Please see Federal Home Loan Bank of Atlanta’s Affordable Housing Program Implementation Plan at www.fhlbatl.com for complete product requirements.

Community Partner Purchase Assistance

Lafayette Federal can assist current or retired law enforcement officers, educators, health care workers, firefighters, and other first responders in accessing matching funds for the down payment, closing costs, and rehabilitation costs incurred when purchasing a home. For every $1 you contribute to your home purchase, you can receive $4 in matching funds, up to $7,500.

Funding is available to qualified borrowers that meet product and income eligibility requirements, including first-time homebuyers or families and individuals that currently own a home or have previously owned a home.3 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 for at least five years
  • Complete a homebuyer education and financial literacy course specified by FHLBank Atlanta




3Community Partners Product is a product of the Federal Home Loan Bank of Atlanta. Household income restrictions and other requirements apply. Please see Federal Home Loan Bank of Atlanta’s Affordable Housing Program Implementation Plan at www.fhlbatl.com for complete product requirements.

Veterans Purchase and Rehabilitation Assistance

As a special offering to the military community, Lafayette Federal can help eligible veterans or active-duty members of the U.S. military4, their spouses, or their surviving spouses access grant funds to pay for accessibility improvements or energy-efficient upgrades to a home or to provide down-payment, closing-cost, and principal reduction assistance for the purchase of a home to be occupied as a primary residence. No matching funds from the homeowner or homebuyer are required.

Home Rehabilitation Funding:

Up to $15,000 for energy efficiency, weatherization, and accessibility improvements of an owner-occupied home. Eligible improvements include exterior ramps and sidewalks, bathroom and kitchen renovations, door widening, floor replacement, exterior doors, heating and air conditioning systems, insulation, roof, windows, low-flow plumbing fixtures, and more.

Home Purchase Funding:

Up to $10,000 for the purchase or purchase and rehabilitation of a home to be occupied as a primary residence. Veterans, their spouses, or their surviving spouses who are first-time homebuyers or who currently own or have previously owned a home may be eligible. Income and other eligibility requirements apply.

4The Veterans Products are products of the Federal Home Loan Bank of Atlanta and are available to veterans or active-duty members of any branch of the U.S. military, their spouses, or their surviving spouses. National Guard Reservists are eligible if they have served in active duty or performed services in active duty or were injured in active duty. Please see Federal Home Loan Bank of Atlanta’s Affordable Housing Program Implementation Plan at www.fhlbatl.com for complete product requirements.

Use the following product codes when applying:

First-Time Homebuyer Purchase Assistance: FTHBPA
Community Partners Purchase Assistance: CPPA
Veterans Purchase Assistance: VPA
Veterans Rehabilitation Assistance: VRA

For more information, or to apply, please contact:

Jermaine Medley - (240) 747-2471 Alieu Jallow - (240) 747-2471

Or visit our Mortgage Web Center today!

1Subject to credit approval. Must be eligible for membership. $50 minimum balance required to open and earn 0.10% APY5 on Lafayette Federal share savings account balances. $5 minimum balance required to open and earn 0.025% APY5 on Lafayette Federal checking account balances. 5APY=Annual Percentage Yield. Rates current as of 8/1/17. Your savings are federally insured to at least $250,000 by the National Credit Union Administration, an agency of the U.S. government. Contact a Lafayette Federal representative for loan details and restrictions. Other programs and loan options available. NMLS #740025 and #189814. Lafayette Federal is an Equal Opportunity Lender.
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