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Equity Builder – Buyer Eligibility

The Equity Builder Program (EBP) provides members with grants to assist home buyers earning no more than 80 percent of the area median income.

Income Guidelines

The Bank has established Income Calculation Guidelines Adobe PDF icon for determining a household's income.

Where mentioned, "area median income" and "median income" refer to the area median income as defined by the U.S. Department of Housing and Urban Development (HUD) income limits. All documents can be found in the Forms and Applications section of the EBP.

Eligible Buyers

Buyers eligible to receive assistance through the EBP are individuals and households earning no more than 80 percent of the area median income, based on their future address.

To be eligible to receive assistance through the EBP, buyers must complete a home-buyer-counseling education program administered by an agency designated by the EBP-approved member financial institution.

Eligible Properties

Individuals and households can receive EBP assistance to purchase units that they will occupy as their primary residence. Eligible ownership units include single-family, one- to four-family homes, townhouses, duplexes, condominiums, cooperatives, and modular homes. Other types of housing may be considered.

Please see the EBP Application Manual and the EBP Enrollment/Disbursement Manual Adobe PDF icon for more information.

AHP Implementation Plan Adobe PDF icon
Products and Solutions Guide Adobe PDF icon
Rates Specials