Surprise Grant Alert! FHLB Dallas Releases Bonus Funds for July Closings
Mississippi Homebuyers and especially first-time homebuyers, this is the kind of surprise we like!
The Federal Home Loan Bank of Dallas (FHLB) has just announced an unexpected early release of grant funds on July 1st, ahead of their previously scheduled August 1st round. That means more money on the table sooner but only if we act fast!
If you’ve been thinking about buying, or you're already under contract, this could be the perfect moment to benefit from one of the best down payment assistance programs available.
What You Need to Know:
• Funds Drop: July 1, 2025
• Who Qualifies: First-time homebuyers with contracts in place and a file ready to submit
• Deadline to Act: Ideally by Thursday, June 26 (yes, that’s this week!)
How We’re Preparing:
As your real estate professional, I’m already reviewing my pipeline and working closely with lenders to ensure qualifying buyers are ready to submit their files on day one. The FHLB does not reserve funds so it’s first-come, fully-submitted, first-served. Once the funds are gone, they’re gone until the next round.
Here’s what that means for you:
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If you’re under contract and closing in July, we need to review your loan scenario immediately to see if the FHLB grant is a better fit than your current assistance option.
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If you’re actively shopping, this is your cue to move quickly. Getting under contract by the end of the week could mean thousands in grant money.
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If you’re on the fence, let’s talk. This could be the boost you needed to finally make that move.
Documentation Will Be Key
To avoid delays, you’ll need to provide all requested documents up front—and yes, we’d rather have too much than not enough. The more prepared we are, the higher the chance of securing these funds.
Let’s Make it Happen
I’m working closely with my lending partners to move quickly and strategically. We’re skipping the usual training and diving straight into execution. If you're serious about homeownership, the window of opportunity is wide open but only for a moment.
📲 Ready to take the next step? Looking for New Construction or Commercial Real Estate? Contact me today so we can make sure your file is ready to submit on time. https://calendly.com/deolasmith_isellrealestate/30min
As always, I’m here to guide you every step of the way!