FHLBank Atlanta Foreclosure Recovery Product

At a Glance
Up to $15,000 down payment and closing assistance, 5-year forgivable loan
Who's Eligible?
Baltimore City homebuyers who meet income and other program requirements
To Get Started:
Complete homeownership counseling and contact a FHLBank Atlanta-approved lender

The Foreclosure Recovery Product is provided for the purchase or purchase and rehabilitation of a home. Homes must be part of any Real Estate Owned (REO) inventory of any FHLBank Atlanta member or member’s affiliate or housing associate member. The purchase of a unit cannot exceed the as-is market value. Eligible properties include owner-occupied 1-4 family properties, townhouses, condos, foreclosed properties, cooperatives, and manufactured and mobile housing.


This program reduces the amount of money you’ll need up-front to buy your home.


  • You must earn a homeownership counseling certificate before closing on your home.
  • You must live in this home as your primary residence.
  • You must use an FHLBank Atlanta-approved lender.
  • You must apply and be approved prior to closing on your home. Program funds are not retroactive.
  • You must contribute at least $1,000 of your own money to your home purchase.
  • Household income cannot exceed 80% AMI
  • Not limited to first-time homebuyers


Federal Home Loan Bank of Atlanta (FHLBank Atlanta)

We're here to help.

Have more questions about this or other Baltimore City homeownership incentives? We're here to help! Send us an email or give us a call at (410) 637-3750. A Live Baltimore team member can walk you through your options.
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Federal Home Loan Bank of Atlanta Program-Approved Lenders