Peoples State Bank Announces HELP Funds Available for First Time Home Buyers
MANY, LA - Peoples State Bank is pleased to announce that the Homebuyers Equity Leverage Partnership Program (HELP) grant funds are now available thru the Federal Home Loan Bank (FHLB) of Dallas. These funds are available to qualifying first time homebuyers until December 31, 2012, or until funds are exhausted.
As of January 3, 2012, $1,000,000.00 is the overall total of HELP funds available and $40,000.00 available to each member bank. This means Peoples State Bank has up to $40,000.00 overall available that can be utilized in assisting qualifying first time homebuyers with down payment and closing cost assistance. The maximum HELP award per household is $5,000.00. Homebuyers must contribute at least $500.00 of their own funds toward the required down payment and closing cost. The maximum contribution from Peoples State Bank per household is $350.00. Please remember that funds are disbursed on a first -come –first serve basis.
Those interested in receiving grant funds should apply in person at any full service Peoples State Bank location for a loan to purchase their home. The program requires that the recipient obtain a loan through a FHLB member institution. For more information on the HELP Program or to see if you qualify please contact a loan officer at the Peoples State Bank nearest you:
Bowie County – 903-838-2300
Caddo Parish 318 -938-5336
DeSoto Parish 318-872-5800
Natchitoches Parish 318-238-4401 or 318-238-4471
Rapides Parish 318-445-3717 or 318-448-2430
Sabine Parish 318-256-2071
- Download article [22 KB]
