EVB IS HELPING BUILD STRONGER COMMUNITIES

Let EVB Help Fund Your First-Time Home Purchase

A major challenge to any potential homeowner is the ability to accumulate enough savings for down payment and closing costs. Through the Federal Home Loan Bank, EVB can provide up to $10,000 to qualifying households for down-payment and closing-cost assistance for first-time homebuyers.

The following eligibility requirements apply:

• Earn 80 percent or less of the area median income, adjusted for family size.
• Participate in and successfully complete a homeownership counseling program.
• Provide at least $500 of your cash funds.
• Be owner-occupants of the home purchased.
• Obtain a mortgage with EVB.
• Agree to occupy the property for at least 5-years. 

A first-time homebuyer is defined as:

• An individual and his or her spouse who have not owned a home during the 3-year period prior to the purchase of a home.
• Any individual who is a displaced homemaker, while a homemaker owned a home with his or her spouse or resided in a home owned by the spouse.
• Any individual who is a single parent that while married, owned a home with his or her spouse.
• Any individual who owns or owned as a primary residence during a three-year period, a dwelling unit whose structure is not permanently affixed to a permanent foundation.
• Victims of catastrophic loss or natural disaster.

Stop by any of our 25 locations today to see how EVB can help you purchase your first home or contact Michele Hottle, our first-time homebuyer specialist at michele.hottle@bankevb.com.