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Are you a Military first time home buyer?

The Pentagon Federal Credit Union Foundation offers first-time military home buyers two-to-one matching grants up to $5,000 for down payments and closing costs. The home buyer doesn't have to be a PenFed member to benefit from Dream Makers, and the grant can apply to a mortgage from any financial institution.
  • Military (Active Duty, Reserve, National Guard or Veteran), a Department of Defense employee, or a Department of Homeland Security employee.

  • First-time home buyer, have not owned a home for the last three years, or lost a home through divorce or disaster.

  • The gross annual income of all applicants used to qualify for mortgage is no more than 80 percent of area median income, adjusted for family size.

  • applicants start by deciding the amount of money they can contribute in down payment and closing costs. The minimum applicant contribution is $500.

  • The applicant's contribution plus the Dream Makers grant must be at least 3 percent of mortgage amount.

  • The Dream Makers program matches the applicant's contribution two to-one, up to a maximum of $5,000.

  • Applicants must attend a home-buying educational seminar in the area or online.

An applicant can apply for a Dream Makers grant online—even before starting to look for a home or selecting a mortgage company.
For more information on eligibility (including applicable medium income and contribution limits) and the application process, go to

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