- Home
- Would $10,000 help you buy a home?
Up to $10,000 grant toward your loan while funds are available.
- 2024 Program Opened January 16, 2024
- Maximum grant is lesser of $10,000 or 25% of the first mortgage amount.
- Minimum $1,000 net homebuyer contribution and must come from the homebuyer’s own resources.
- Grants are forgiven 1/60th per month over 5 years and secured with a recorded retention agreement.
- Assisted homebuyers may purchase a property in any state where the member does business
- Household must have a projected annual income at or below 80% of the area median, as determined by HUD
- Homebuyer must complete a pre-purchase education course and homebuyer counseling session.
- Eligible uses of grant funds – down payment and closing cost assistance, escrow reserves and interest rate write-down on a mortgage.
Contact Your Zanger & Associates Agent Today For More Information!
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