Veterans Product Suite

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VAMortgage.com is a division of 1st Mariner Bank, a Federal Home Loan Bank (FHLB) Atlanta member. We are pleased to offer you an array of FHLB products for veterans. FHLBank Atlanta’s Veterans Products provide funding for a home purchase or rehabilitation by veterans or active duty members of any branch of the U.S. military or their surviving spouses.

  • No homebuyer matching funds required.
  • Products available nationwide through FHLBank Atlanta shareholders.
  • Customized financial counseling through FHLBank Atlanta’s “Veterans Helping Veterans” program.
  • Up to $15,000 available per household for returning veterans Rehabilitation Product.

PRODUCT SUITE HIGHLIGHTS

Veterans Purchase Product

The Veterans Purchase Product provides up to $7,500 in down-payment, closing-cost, and rehabilitation funding to first-time homebuyers or non-first-time homebuyers for the purchase or purchase and rehabilitation of a home.

Happy CoupleReturning Veterans Purchase Product

The Returning Veterans Purchase Product provides up to $10,000 in down-payment, closing-cost, and rehabilitation funding to first-time homebuyers or non-first-time homebuyers for the purchase or purchase and rehabilitation of a home.

Eligible borrowers for the Returning Veterans Purchase Product are homebuyers that are currently serving or have served in an overseas military intervention for any branch of the U.S. military or their surviving spouses.

Veterans Rehabilitation Product

The Veterans Rehabilitation Product provides up to $12,500 for weatherization, energy efficient, and accessibility improvements to an existing owner-occupied home. Eligible improvements include exterior doors, HVAC systems, insulation, roof, windows, low-flow plumbing fixtures, exterior ramps and sidewalks, handicapped bathroom and kitchen renovations, door widening, floor replacement, and more. The owner must have at least 30 days of current ownership by life estate or full interest in the fee title.

Returning Veterans Rehabilitation Product

The Returning Veterans Rehabilitation Product provides up to $15,000 for weatherization, energy efficient, and accessibility improvements to an existing owner-occupied home. Eligible improvements include exterior doors, HVAC systems, insulation, roof, windows, low-flow plumbing fixtures, exterior ramps and sidewalks, handicapped bathroom and kitchen renovations, door widening, floor replacement, and more. The owner must have at least 30 days of current ownership by life estate or full interest in the fee title.

Eligible homeowners for the Returning Veterans Rehabilitation Product are homeowners that are currently serving or have served in an overseas military intervention for any branch of the U.S. military or their surviving spouses.

General Veterans Products Suite Requirements*

Happy Families

  • Homebuyers and homeowners must have income that is less than or equal to 80 percent of HUD median income for the area, adjusted for family size.
  • Homes must be occupied as the principal place of residence.
  • Eligible properties include owner-occupied 1-4 family properties, townhouses, condos, cooperatives, manufactured housing, and mobile housing. New construction within 30 days of closing is also eligible for the Veterans Purchase Product and Returning Veterans Purchase Product.

*Additional requirements may apply. Contact a VAMortgage.com representative for more details.