First Front Door

FHLBank Pittsburgh's First Front Door product provides down payments and closing cost assistance to qualified first-time homebuyers with incomes at or below 80 percent of the area median income.

FFD funds are granted on a first-come, first-served basis, until funds are exhausted. For every $1 provided by the homebuyer, FFD will provide $3 in grant assistance, up to a maximum of $5,000.

Who Qualifies for FFD Funding?

Qualified first-time homebuyers can use FFD grants toward down payment and closing costs. Each prospective homebuyer must at minimum*:

  • Be a first-time homebuyer (not owned a home within the past three years or owned a home only while married, but not as a single person, within the past three years. This includes a married couple if either has not owned a home within the past three years)
  • Contribute personal funds as part of the down payment and closing costs
  • Have household income at or below 80 percent of the area median income at the time of registration
  • Complete at least four hours of homeownership counseling, including the topic of predatory lending, prior to the purchase of the home
  • If a student, work at least 30 hours a week
  • Agree to maintain the home for five years to retain the full amount of the grant. If a sale occurs before the five years expire, a portion of the grant may be required to be repaid.

Apply

Because FFD is offered in conjunction with your first mortgage financing, all you have to do is set up an appointment with one of our mortgage loan originators and inform them that you are interested in the First Front Door program. They will have you complete a mortgage application and will collect all of the applicable documentation so that we may compete the First Front Door application process on your behalf. They will be there to answer any questions you may have about the FFD process.

Approval

FHL Bank will work with Washington Financial Bank to review your application and eligibility within 10 business days. Upon approval, you have six months to use the grant.

After Washington Financial Bank has confirmed your FFD grant reservation is in place, now is the time to complete the required four hours of homeownership counseling. Remember, FFD grant reservations are only valid for six months!

Lending personnel will then underwrite your loan to determine if you are approved under Washington Financials' established underwriting guidelines.

Purchase

If approved through Washington Financial FFD funds can be used to help with your down payment or closing costs. For every $1 you contribute, FFD will provide $3 in assistance, up to a maximum of $5,000. Talk to your lender to understand how FFD will work with your home purchase.

*Additional qualifications may apply.

First Front Door funds are available on a first-come, first-served basis.

For current income visit https://www.huduser.gov/portal/datasets/il.html

For more information visit https://www.fhlb-pgh.com/ffd