Atlantic Union Bank Closing the Gap Loan
Atlantic Union Bank
Second mortgage up to 3% of the purchase price
An Atlantic Union second-lien mortgage of up to 3% helps cover down payment and closing costs for an eligible primary-home purchase.
Repayable loan
Locations listed in HomeBase: District of Columbia
This may not be the program's complete service area. Check the provider's location rules for the home you want to buy.
How and when you repayThis is a repayable second mortgage, not a grant. It has fixed monthly principal-and-interest payments in addition to the required Atlantic Union first mortgage.
Who can apply
About you
- First-time and repeat buyers may qualify.
- Minimum published FICO is 620 and maximum published DTI is 50%, subject to full underwriting.
The home
- Household income must be below 80% of area median income unless the property is in an eligible low-to-moderate-income census tract.
- Property must be an eligible primary-residence single-family home, condominium, or PUD.
The program makes the final eligibility decision.
Full requirements, documents, and history
Income tables, education requirements, contacts, complete rules, stacking guidance, sources, and change history
Conditions
Use an Atlantic Union first mortgage, buy an eligible primary residence in MD, DC, VA or NC, qualify by household income or low-to-moderate-income census tract, and meet the 620 score and other underwriting rules.
Reader request
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What can I combine this with?
Most buyers can use more than one program on the same purchase — a state program under a county one, an employer benefit under both. Taking one when three were available is the most expensive mistake on this site, and it is usually made in silence.
Show what stacks with Atlantic Union Bank Closing the Gap Loan(12 to check)
Worth asking about(12)
No published rule either way. One phone call settles it — and the answer can be worth thousands.
- AgFed ARM Closing Cost SpecialAgriculture Federal Credit Union (AgFed)
AgFed pays $1,500 to $3,500 toward closing costs on eligible adjustable-rate purchase mortgages while the temporary offer remains available.
No published rule either way. Many programs at different levels do combine — this is a short phone call, and the answer can be worth thousands.
Here’s the question to ask
Hello — I'm a homebuyer looking at AgFed ARM Closing Cost Special. Can it be used on the same purchase as Atlantic Union Bank Closing the Gap Loan (Atlantic Union Bank)? If it can: 1. Is there a cap on total assistance from all sources combined? 2. Do I need to disclose the other program before I apply, or does it matter which I apply to first? 3. Does using both change the repayment or forgiveness terms of yours? Thank you.
Ask both program offices, not just one. When their answers differ, the stricter answer is the one that applies at closing.
- Albemarle County Homebuyer Assistance Program (ACHAP)Albemarle County Office of Housing / Piedmont Housing Alliance
A zero-interest, deferred-payment down-payment loan for eligible first-time buyers purchasing in Albemarle County.
No published rule either way. Many programs at different levels do combine — this is a short phone call, and the answer can be worth thousands.
Here’s the question to ask
Hello — I'm a homebuyer looking at Albemarle County Homebuyer Assistance Program (ACHAP). Can it be used on the same purchase as Atlantic Union Bank Closing the Gap Loan (Atlantic Union Bank)? If it can: 1. Is there a cap on total assistance from all sources combined? 2. Do I need to disclose the other program before I apply, or does it matter which I apply to first? 3. Does using both change the repayment or forgiveness terms of yours? Thank you.
Ask both program offices, not just one. When their answers differ, the stricter answer is the one that applies at closing.
- Alexandria Employee Homeownership Incentive ProgramCity of Alexandria Office of Housing
$15,000 up to 80% AMI; $11,500 at 80%-120% AMI; $7,500 above 120% AMI, subject to current limits.
No published rule either way. Many programs at different levels do combine — this is a short phone call, and the answer can be worth thousands.
Here’s the question to ask
Hello — I'm a homebuyer looking at Alexandria Employee Homeownership Incentive Program. Can it be used on the same purchase as Atlantic Union Bank Closing the Gap Loan (Atlantic Union Bank)? If it can: 1. Is there a cap on total assistance from all sources combined? 2. Do I need to disclose the other program before I apply, or does it matter which I apply to first? 3. Does using both change the repayment or forgiveness terms of yours? Thank you.
Ask both program offices, not just one. When their answers differ, the stricter answer is the one that applies at closing.
- Allegany County Habitat for Humanity HomeownershipAllegany County Habitat for Humanity
Allegany County households with inadequate housing and the ability to make mortgage payments may apply to purchase a Habitat home and complete 200 sweat-equity hours. The affiliate currently provides a downloadable application and mail-in intake route.
No published rule either way. Many programs at different levels do combine — this is a short phone call, and the answer can be worth thousands.
Here’s the question to ask
Hello — I'm a homebuyer looking at Allegany County Habitat for Humanity Homeownership. Can it be used on the same purchase as Atlantic Union Bank Closing the Gap Loan (Atlantic Union Bank)? If it can: 1. Is there a cap on total assistance from all sources combined? 2. Do I need to disclose the other program before I apply, or does it matter which I apply to first? 3. Does using both change the repayment or forgiveness terms of yours? Thank you.
Ask both program offices, not just one. When their answers differ, the stricter answer is the one that applies at closing.
- Annapolis MPDU Homeownership ProgramCity of Annapolis Office of Community Development
Qualified Annapolis residents and workers may obtain a certificate to compete for City-designated homes sold below the market price in participating developments.
No published rule either way. Many programs at different levels do combine — this is a short phone call, and the answer can be worth thousands.
Here’s the question to ask
Hello — I'm a homebuyer looking at Annapolis MPDU Homeownership Program. Can it be used on the same purchase as Atlantic Union Bank Closing the Gap Loan (Atlantic Union Bank)? If it can: 1. Is there a cap on total assistance from all sources combined? 2. Do I need to disclose the other program before I apply, or does it matter which I apply to first? 3. Does using both change the repayment or forgiveness terms of yours? Thank you.
Ask both program offices, not just one. When their answers differ, the stricter answer is the one that applies at closing.
- Annapolis MPDU Settlement Expense Assistance ProgramCity of Annapolis
Need-based zero-interest loan up to $10,000 for an eligible MPDU purchase.
No published rule either way. Many programs at different levels do combine — this is a short phone call, and the answer can be worth thousands.
Here’s the question to ask
Hello — I'm a homebuyer looking at Annapolis MPDU Settlement Expense Assistance Program. Can it be used on the same purchase as Atlantic Union Bank Closing the Gap Loan (Atlantic Union Bank)? If it can: 1. Is there a cap on total assistance from all sources combined? 2. Do I need to disclose the other program before I apply, or does it matter which I apply to first? 3. Does using both change the repayment or forgiveness terms of yours? Thank you.
Ask both program offices, not just one. When their answers differ, the stricter answer is the one that applies at closing.
- Anne Arundel County MPDU Homeownership ProgramAnne Arundel County and Arundel Community Development Services
Eligible first-time buyers will be able to purchase designated homes in new Anne Arundel County developments at prices calculated below market under the County MPDU program.
No published rule either way. Many programs at different levels do combine — this is a short phone call, and the answer can be worth thousands.
Here’s the question to ask
Hello — I'm a homebuyer looking at Anne Arundel County MPDU Homeownership Program. Can it be used on the same purchase as Atlantic Union Bank Closing the Gap Loan (Atlantic Union Bank)? If it can: 1. Is there a cap on total assistance from all sources combined? 2. Do I need to disclose the other program before I apply, or does it matter which I apply to first? 3. Does using both change the repayment or forgiveness terms of yours? Thank you.
Ask both program offices, not just one. When their answers differ, the stricter answer is the one that applies at closing.
- APG Federal Credit Union Homeownership Assistance ProgramAPG Federal Credit Union
APGFCU advertises $10,000 of its own homeownership assistance for qualifying buyers who contribute at least $1,000 and meet an 80% AMI income cap.
No published rule either way. Many programs at different levels do combine — this is a short phone call, and the answer can be worth thousands.
Here’s the question to ask
Hello — I'm a homebuyer looking at APG Federal Credit Union Homeownership Assistance Program. Can it be used on the same purchase as Atlantic Union Bank Closing the Gap Loan (Atlantic Union Bank)? If it can: 1. Is there a cap on total assistance from all sources combined? 2. Do I need to disclose the other program before I apply, or does it matter which I apply to first? 3. Does using both change the repayment or forgiveness terms of yours? Thank you.
Ask both program offices, not just one. When their answers differ, the stricter answer is the one that applies at closing.
- AppCAA First-Time Homebuyer Loan and SPARC ProgramAppalachian Community Action and Development Agency
Nonprofit loan packaging for USDA 502 Direct financing and access to a one-percentage-point SPARC mortgage-rate reduction.
No published rule either way. Many programs at different levels do combine — this is a short phone call, and the answer can be worth thousands.
Here’s the question to ask
Hello — I'm a homebuyer looking at AppCAA First-Time Homebuyer Loan and SPARC Program. Can it be used on the same purchase as Atlantic Union Bank Closing the Gap Loan (Atlantic Union Bank)? If it can: 1. Is there a cap on total assistance from all sources combined? 2. Do I need to disclose the other program before I apply, or does it matter which I apply to first? 3. Does using both change the repayment or forgiveness terms of yours? Thank you.
Ask both program offices, not just one. When their answers differ, the stricter answer is the one that applies at closing.
- Arlington Moderate-Income Purchase Assistance Program (MIPAP)Arlington County Housing Division
An open 30-year, no-interest second mortgage of up to $112,500 for an eligible first-time Arlington buyer.
No published rule either way. Many programs at different levels do combine — this is a short phone call, and the answer can be worth thousands.
Here’s the question to ask
Hello — I'm a homebuyer looking at Arlington Moderate-Income Purchase Assistance Program (MIPAP). Can it be used on the same purchase as Atlantic Union Bank Closing the Gap Loan (Atlantic Union Bank)? If it can: 1. Is there a cap on total assistance from all sources combined? 2. Do I need to disclose the other program before I apply, or does it matter which I apply to first? 3. Does using both change the repayment or forgiveness terms of yours? Thank you.
Ask both program offices, not just one. When their answers differ, the stricter answer is the one that applies at closing.
- Baltimore City CLT Buyer's Choice ProgramBaltimore City Department of Housing and Community Development with participating community land trusts
Up to $75,000 for households at or below 50% AMI or up to $120,000 at or below 30% AMI toward an approved Baltimore community-land-trust purchase.
No published rule either way. Many programs at different levels do combine — this is a short phone call, and the answer can be worth thousands.
Here’s the question to ask
Hello — I'm a homebuyer looking at Baltimore City CLT Buyer's Choice Program. Can it be used on the same purchase as Atlantic Union Bank Closing the Gap Loan (Atlantic Union Bank)? If it can: 1. Is there a cap on total assistance from all sources combined? 2. Do I need to disclose the other program before I apply, or does it matter which I apply to first? 3. Does using both change the repayment or forgiveness terms of yours? Thank you.
Ask both program offices, not just one. When their answers differ, the stricter answer is the one that applies at closing.
- Baltimore City Historic Restoration and Rehabilitation Property Tax CreditBaltimore City Commission for Historical and Architectural Preservation and Department of Finance
A ten-year credit against the City property-tax increase caused by approved rehabilitation of an eligible historic property.
No published rule either way. Many programs at different levels do combine — this is a short phone call, and the answer can be worth thousands.
Here’s the question to ask
Hello — I'm a homebuyer looking at Baltimore City Historic Restoration and Rehabilitation Property Tax Credit. Can it be used on the same purchase as Atlantic Union Bank Closing the Gap Loan (Atlantic Union Bank)? If it can: 1. Is there a cap on total assistance from all sources combined? 2. Do I need to disclose the other program before I apply, or does it matter which I apply to first? 3. Does using both change the repayment or forgiveness terms of yours? Thank you.
Ask both program offices, not just one. When their answers differ, the stricter answer is the one that applies at closing.
We only mark a pair confirmed when a published program rule says so and we can cite it. Everything else is honestly unsettled — which is not the same as “no”. Confirm with a housing counselor or your lender before you count on any combination.
Check everything you’re bringing to closing — gifts, seller credits, employer help →