Enroll now. Save money. Earn a $7,500 grant. Buy a house in 10 months. That’s First Home Club with GRB.
A home remains one of the best long-term investments you can make. To make it easier for first-time buyers to purchase a home, GRB and the Federal Home Loan Bank of New York (FHLBNY) work together to provide down payment assistance through the First Home Club.
The First Home Club provides $4 in matching funds at closing for every $1 saved in a dedicated First Home Club Savings Account at GRB, up to a total grant amount of $7,500. Participants make monthly deposits into this account over a 10-month period and then use that money when the obtain a mortgage with GRB. And for a limited time, GRB is also offering a $50 gift card upon enrollment and $250 off mortgage closing costs.
The catch…we only receive a limited number of First Home Club enrollment spots each year, and we’re coming to the end of the year. Our remaining spots will go fast, but there is still time to get enrolled. GRB handles everything in house, so it takes less than 10 business days to get approved!
Buying a home is a significant investment, but GRB and the FHLBNY make it easier – and more cost effective – with First Home Club.
For more details on the program, see our First Home Club page.