The WISH Downpayment
Assistance Program is a down payment
assistance initiative for residents of
that allows grants to be given to
residents to assist low-to-mid-income
their first home.
program provides up to
$15,000.00 for each household to be used
toward their home purchase
Under the WISH Program, the Bank sets aside a
portion of its annual Affordable Housing Program
contribution to provide matching grants through Bank
members for downpayment and closing cost assistance
to eligible first-time homebuyers.
Provides up to $15,000 for each
participating household, matching up to $3 for each
$1 contributed by the homebuyer(s)
Application process allocates funds for
homeownership based on program eligibility, not on
To be eligible for WISH funds, the homebuyer must meet
the following eligibility criteria:
will successfully complete a homebuyer
Homebuyer is a first-time homebuyer, as defined
by the member.
At the time of enrollment in the WISH Program,
homebuyer meets income eligibility guidelines as
published by the Bank, and is at or below 80% of
the HUD area median income.
Homebuyer must open escrow on
a home purchase transaction within one year of
enrollment in the WISH Program.
FHA Licensed Lenders
Following are just a few of the FHA approved lending institutions we use when determining the best type of lender to match your loan scenario in a location convenient to you.