And you thought all the housing incentives were gone?
|Your Dream Home?|
First time home buyers grants are still out there if you know where to go to look .....
Thank Goodness there is still a program that is for the folks that defend our freedom on a daily basis and have a modest income. In actuality it is a down payment for your first home. This is a grant through the Pentagon Federal Credit Union but you do not have to be a member you can apply to any financial institution.
You're eligible for a Dream Makers grant if:
3. The gross household income, including allowances, that you use to qualify for your mortgage loan is:
A maximum of 80% of your community’s median income based on your family size
This is not a free program you must contribute something …the minimum is $500
Dream Makers will match your contribution 3 to 1 up to a maximum of $5000..............Estimate the size of your mortgage …decide what you can contribute plus the dream makers contribution so that the total contribution you and Dream Makers will be 3% to qualify for your loan. Below is a link that will explain more of this advantageous program. This is something you will want to talk with your lender about . There are many loans where you do not have to put anything down . But remember the more you put down the lower your mortgage payment will be and when you are ready to resell the less you have to get for your home. No Repayment of the loan is recquired if you live in the home for 5 years. Certain restrictions do apply so please go to the link below to find out all the details. Happy House Hunting My Friend!
For general Real Estate Information, Easy Pathway to Local MLS and all manner of other information please go to www.greatercrestviewhomes.com also www.theguthrieteam.com