LaurelOsmondAllenHartingtonColeridge

RURAL FIRST-TIME HOMEBUYER PROGRAM (RFHP)

The Rural First-time Homebuyer Program (RFHP) is a down payment assistance program designed to help first-time homebuyers in rural areas purchase a home. As a Federal Home Loan Bank stockholder, Security Bank is eligible to access RFHP funding to assist first-time homebuyers in rural areas we serve. Subject to availability of funds.

Eligible homebuyer requirements:

  • No cash back at closing;
  • Have an income that is 80 percent or less of the area median, based on income of all household members;
  • Purchase a home located in a rural area;
  • Complete a homebuyer education/counseling program prior to receiving the funds;
  • Provide at least $500.00 of your own funds and
  • Have an income not based on a temporary condition (such as a full-time student).

The maximum RFHP subsidy per household is $7,500. Funds are available on a first-come, first-served basis and are not guaranteed or available at all times of the year. Before requesting funds, the prospective first-time homebuyer must provide documentation that the buyer is RFHP-qualified and has been qualified or approved for financing to purchase a home. To learn more about this program or to find out if you qualify and if funds are available, please contact your local Security Bank Office.

HomePrivacy PolicyTerms of UseUSA PATRIOT ACTAbout UsLocations & Hours Personal Banking • Business BankingLoansRates
VISAReorder Your Personal Checks
My Kind of Bank
Member FDIC
Equal Housing Lender
Equal Housing Lender

©2010 Security Bank.  All rights reserved.  Powered by ProfitStars. NOTICE: Security Bank is not responsible for and has no control over the subject matter, content, information, or graphics of the web sites that have links here. Please contact us with any concerns or comments.