Home Buying Grants

Get the money you need to make homeownership possible

First-time homebuyers, first responders, veterans and others are eligible for special grants

With a little help, you can afford a place of your own

Make It HAPPEN is short for “Homeownership Assistance Program Partnership Established Now.” It's part of Carter Bank's commitment to help more families and individuals become homeowners. Through an Affordable Housing Program operated by the Federal Home Loan Bank of Atlanta, we help eligible families obtain grants as funds are available for down payments, closing costs, loan principal reduction, and other homebuying costs.

Who is eligible?
  • First-time homebuyers
  • Currently employed or retired law enforcement officers, educators, health care workers, firefighters, other first responder and essential workers
  • Veterans and active-duty military, or surviving spouses
First-time Homebuyers Community Partners
Eligible BorrowersFunds may only be made available to a "first-time homebuyer," as such term is defined by HUD HOC reference guide chapter 3, expanded to include recovering victims of catastrophic loss or natural disastersAssistance for currently employed or retired law enforcement officers, educators, health care workers, firefighters, other first responders; veteran and active-duty military, or their surviving spouse; and essential workers
Maximum Subsidy $12,500$15,000
Borrow Minimum Contribution $1,000 $1,000
Eligible Use of FundsDown payment, closing costs and principal reduction for the purchase or purchase/rehabilitation of an existing unitDown payment, closing costs and principal reduction for the purchase or purchase/rehabilitation of an existing unit
Eligible PropertiesOwner-occupied 1-4 family properties, including manufactured housingOwner-occupied 1-4 family properties, including manufactured housing
Other eligibility requirements
  • Retention Period: Five years for all purchased products
  • Income Eligibility: <+80% of county area median income or the state median family income, adjusted for family size as published by HUD, whichever is higher
  • Products are available in the United States and its territories
  • This document is not a complete description of requirements of these products. Refer to Federal Home Loan Bank of Atlanta’s AHP Implementation Plan at fhlbatl.com

More information

To check the availability of funds, please contact one of our mortgage originators, call 833.275.2228 or visit one of Carter Bank's branches in Virginia and North Carolina.

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FAQs

For contact information, including phone numbers, email addresses, and online inquiries, please visit our "Contact Us" page. You can also call us at (833.275.2228), or visit us at one of our locations. To find a location click here.


Funds are limited and available on a first-come, first serve basis that meet qualifying guidelines. Funding opportunities are available for a limited time and may be discontinued at anytime without notice.

All loans are subject to credit approval.

Mortgage2Go is subject to additional terms and conditions.

Carter Bank is a full-service financial institution with locations throughout Virginia and North Carolina.