Resources for First-Time Homebuyers
FHLBank San Francisco is not a retail bank, so we don’t offer funds or products directly to homebuyers. To access grants from our first-time homebuyer programs, the homebuyer will need to contact a participating member financial institution. Many public housing agencies and local nonprofit homeownership or homebuyer counseling agencies can also be helpful in connecting a homebuyer with a financial institution that is participating in our programs or with other downpayment assistance programs.
WISH First-Time Homebuyer Program
Our WISH first-time homebuyer matching grants are delivered through participating member financial institutions, often working with local nonprofit homeownership or homebuyer counseling agencies.
WISH grants can help first-time homebuyers overcome the biggest barrier to homeownership: downpayment and closing costs. Targeted to individuals and families earning up to 80% of the area’s median income, these programs match $4 for every $1 a homebuyer contributes toward the purchase of a home, up to the Federal Housing Finance Agency annual maximum subsidy limit.
Affordable Housing Resources
To learn about other affordable housing opportunities in your area, contact your county or city housing authority, or visit:
U.S. Department of Housing and Urban Development – offers consumer information regarding homeownership assistance programs, rental and homebuying assistance programs, consumer workshops, a searchable database to tap information about homes
Mortgage Bankers Association of America – a national membership association that offers homebuying tips, information about refinancing, detailed news on purchasing, owning and managing a home mortgage
National Low Income Housing Coalition – a national policy advocacy organization that provides fact sheets and a list of frequently asked questions on topics ranging from homeownership to public housing to homeless assistance
Freddie Mac – offers extensive information and resources on buying vs. renting, how to get ready to purchase a home, and the mortgage process
KnowYourOptions.com – Fannie Mae offers information and resources on homebuying, including a mortgage calculator