PenFed  Foundation Dream Makers Grants for First-Time Home Buyers

The Pentagon Federal Credit Union Foundation offers first-time military home buyers three-to-one matching grants up to $5000 for down payments and closing costs.  The home buyer doesn't have to be a FedPen 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 the greater of $55,000 or 80 percent of area median income, adjusted for family size.

Dream Makers Grant Application

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% of mortgage amount.

The Dream Makers program matches the applicant's contribution three-to-one up to a miximum of $5000.

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), the application process, and seminars, go to and select "DreamMakers."