VA Loan Mortgage & Capital Bank, N.A.’s Affordable Housing Project for Veterans looking to purchase or refinance a home with a VA Loan

Capital Bank, N.A. and VA Loan Mortgages  announced today that funding for its 2017 Affordable Housing Program (AHP) Set-aside products is available for home purchase or home rehabilitation.

  • First-time Home-buyer Product

    The First-time Home-buyer Product provides up to $5,000 in down-payment, closing-cost, and principal reduction assistance for eligible first-time home-buyers.

  • Community Partners Product

    The Community Partners Product provides up to $7,500 in down-payment, closing-cost, and principal reduction assistance for first-time or non-first-time home-buyers who are currently employed or retired law enforcement officers, educators, firefighters, health care workers, and other first responders.

  • Foreclosure Recovery Product

    The Foreclosure Recovery Product provides up to $15,000 in down-payment, closing-cost, and principal reduction assistance for eligible homebuyers purchasing properties from the Real Estate Owned (REO) inventory of any FHLBank Atlanta member financial institution.

  • Community Rebuild and Restore Product

    The Community Rebuild and Restore Product provides up to $10,000 in funding for the rehabilitation of an existing owner-occupied home located in the Bank’s district in a “Major Disaster Declaration” area as designated by FEMA. The homeowner must have at least 30 days of current ownership by life estate or full interest in the fee title and have ownership of the subject property at the time of the “Major Disaster Declaration.”

  • Veterans Purchase Product

    The Veterans Purchase Product provides up to $7,500 in down-payment, closing-cost, and principal reduction assistance for first-time or non-first-time home-buyers who are veterans or active-duty members of the U.S. military, their spouses, or their surviving spouses.

  • Returning Veterans Purchase Product

    The Returning Veterans Purchase Product provides up to $10,000 in down-payment, closing-cost, and principal reduction assistance for first-time or non-first-time home-buyers who are currently serving or have served in an overseas military intervention for any branch of the U.S. military, their spouses, or their surviving spouses.

  • Veterans Rehabilitation Product

    The Veterans Rehabilitation Product provides up to $12,500 in funding for the rehabilitation of an existing owner-occupied unit for homeowners who are veterans or are active-duty members of the U.S. military, their spouses, or their surviving spouses.

  • Returning Veterans Rehabilitation Product

    The Returning Veterans Rehabilitation Product provides up to $15,000 in funding for the rehabilitation of an existing owner-occupied unit for homeowners who are currently serving or have served in an overseas military intervention for any branch of the U.S. military, their spouses, or their surviving spouses.