This PageEmail this page    |    Contact Us    |   Sign up for our e-newsletter:
Please leave this field empty
NBC Nightly News

As featured on NBC Nightly News, the PenFed Foundation’s Dream Makers program helps military families purchase their first home. Click here to view the video.

See Bobby's Story


Who Dream Makers Helps

Who Dream Makers Helps

We provide grants up to $5,000 toward down payments and closing costs. The PenFed Foundation wants to help make your dream of home ownership come true.

Learn More

First Time Home Buyers Program

First Time Home Buyers Program


Stay Connected

Facebook Twitter YouTube
Dream Makers

Applying for a Dream Makers Grant

The Dream Makers Program offers grants for down payments to first-time homebuyers of modest means who valiantly work to protect our country’s national security.

You don't have to be a Pentagon Federal Credit Union member to benefit from Dream Makers, and you can apply the grant to a mortgage from any financial institution.

How Do I Qualify?

You're eligible for a Dream Makers grant if:

  1. You're Military (Active Duty, Reserve, National Guard or Veteran), a Department of Defense employee or a Department of Homeland Security employee.
  2. You're a first-time home buyer, or you have not owned a home for the last three years, or you have lost your home through divorce or disaster.
  3. The gross annual income of all applicants used to qualify for mortgage is no more than the greater of:
    • $55,000, or
    • 80% of area median income, adjusted for family size

Click here to determine your community's median income based on family size.

What Steps Do I Take?

Decide the amount of money you will contribute in down payment and closing costs to your mortgage financing.

  • $500 is the minimum amount for you to contribute.
  • Dream Makers will match that three-to-one, up to our maximum of $5000.
  • Estimate the size of your mortgage loan. Decide if the money you contribute, plus the Dream Makers grant, will be at least 3% of mortgage amount. You must put 3% down to qualify for the grant.
  • Check the Contributions Chart

***Due to high demand, we are currently not accepting applications. Please check back for when applications will be accepted again.***

Fill out Dream Makers application. The fastest way to complete it is online.You may apply when you start to think about purchasing a home: you don't have to select a home and/or a mortgage company before you submit your application. To fax or e-mail, please download this form.

We will respond to your application with instructions on the process. When you select your mortgage company, you will share the contact information with the Foundation who will coordinate the grant paperwork process with your lender.

Attend a home-buying educational seminar in your area.
See upcoming seminars and locations


A free online, interactive education course on personal finance to learn everything you need to know to manage your money wisely and become a millionaire!
Registration Code:  PenFed$1M

“Dollars and Sense” from Grantham University

A free online, eight-week course on personal finance from Grantham University, a nationally accredited university.  Earn college credits while learning everything you need to know to better your financial future.


A leading website dedicated to helping students, teachers and parents learn, practice, and understand essential math skills through fun and interactive lessons.

Equal Housing