Buying a home is a huge financial undertaking. For many people, the idea of having enough money saved to purchase a home can be daunting. Although there are many misconceptions about how much money you truly need to buy a home, there are also sometimes extra programs to assist buyers with financing. Our Team has a relationship with a local lender who is currently offering grants for down payment assistance or closing cost help to certain home buyers. Here are some details:
- First time home-buyers: Get up to $5,000 assistance. Grant matches $4 for every $1 contributed.
- Community partners: Law enforcement officers, educators, firefighters, first responders, and healthcare workers can get up to $7,500. Grant matches $4 for every $1 contributed.
- VA purchase: For active duty or veteran military obtaining a VA loan, can get assistance up to $7,500.
- Returning Veterans Purchase: Active duty, veterans, reservists, or surviving spouses for military who have served in an overseas intervention. Up to $10,000 grant money is available based on military entitlement.
These are just the basics. There are some other minimum requirements that borrowers must meet including income guidelines. To get more details on the program, contact our team at 717-560-5051.