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First Time HomeBuyers Program

With the Community Resource FCU Homebuyer Dream Program,

you may be eligible for a $14,500 grant to help you purchase your first home!


The Homebuyer Dream Program is a grant offered to eligible first time home buyers that provides up to $14,500 on a first come, first serve basis. Grant money can be used towards the down payment or closing costs. This grant program is through the Federal Home Loan Bank of NY. Please contact the Credit Union for funds availability. 

Eligibility Program Requirements:

  • HomeBuyer Status – first time home buyer as defined by the US Department of Housing & Urban Development (HUD)
  • Household Income – 80% or less area meridian income (AMI) in the county where you purchase the home**
  • Reliable Source of Income – Full-time employment of 32 hours a week, disability award, pension, SSI, etc.
  • Purchase an eligible property type
  • Homebuyer contribution of $1,000 toward the purchase
  • Homebuyer Counseling Certification – You must complete a homebuyer counseling program from an approved provider of the Credit Union
  • Commitment – Agree to own and occupy the property for a minimum of 5 years


Contact the Credit Union for more specific details by calling 518-783-2211 or


*Program dates are set for 7/8/2019 through 11/30/2019 or until all funds are exhausted. **Income example for Albany/Saratoga/Schenectady/Rensselaer County – the median income for a 1 to 2 person household is $69,120; 3+ person household is $79,488 as of 7/2018.