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FHA Grant

FHA Down Payment Grant Program

As one of the most commonly used mortgage programs in the country, the FHA Home Loan is often the right fit for homebuyers. However, the FHA 3.5% down payment requirement often stands in the way of otherwise qualified prospective homebuyers.

Our FHA Down Payment Grant Program addresses this homeownership hurdle by offering a completely forgivable 2% down payment grant. This unique program has NO repayment or resale restrictions, and the remaining 1.5% down payment can even be gifted from a family member.

(Any of the Following)

Income Eligibility

Applicants with income that is equal to or less than 140% of the median area income where the property is located, regardless of family size.

In the event of multiple borrowers on the application, their collective income is used to calculate eligibility. Overtime income may be excluded from this calculation if it is not necessary for the mortgage approval.

Don’t worry about trying to solve this calculation yourself, we are happy to do it for you.


Applicants that are currently employed, retired, or volunteers as:

  • First Responders
  • Educators
  • Medical Personnel
  • Civil Servants
  • Military

If you are unsure, please ask.  These categories are fairly broad.

Not Recent Homeowner

Applicants that meets all of the following criteria:

  1. Is purchasing the property;
  2. Will reside in the home as their primary residence; and
  3. Has had no ownership interest (sole or joint) in a residential property during the three (3) year period preceding the date of the application

This certainly applies to first time home buyers, but repeat home buyers can qualify as well. If you are unsure, please ask.

The Qualification Process Is

Just Call us at (844) 824-1735

No Repayment or Resale Restrictions

Other “down payment assistance” programs come with strings attached.  In most cases the “assistance” comes in the form of a second mortgage.  While this second mortgage runs concurrently with your primary mortgage and does not require monthly payments, if at any point you refinance your primary mortgage or sell your home prior to the end of the primary mortgage term, the prorated balance of this second mortgage must be paid back.  In effect, you are borrowing money for a down payment through these other programs.

Our FHA Down Payment Grant Program has NO STRINGS ATTACHED. The grant is NOT a second mortgage. If you decide to refinance or sell your home, you will NOT be required to repay the grant. The program is simply designed to help people over the homeownership hurdle associated with making a down payment.

*Grant Program not available in Hawaii or Washington.


Leaders Credit Union is an
Equal Housing Lender

Forward Lending Solutions
c/o Leaders Credit Union
P.O. Box 10008
Jackson, TN 38308

(844) 824-1735

© 2020 Leaders Credit Union
ABA Routing 284383886