First Time Home Buying Help (Money)

The Federal Home Loan Bank (FHLB)         

       First Time Home Buyer Grant

         UP TO $7500 DOWN PAYMENT FUNDS AVAILABLE NOW!! ANY COUNTY!!

• Buyers must be First Time homebuyers (could not have owned a home 3 yrs prior to purchase)     
• Maximum amount is $7500 per household.                            
• Grant is awarded on a 1 to 4 ratio.  For example:  If a Buyer has $1,000 of their own money, they are eligible for $4,000.  If a buyer has $1875 of their own money, they are eligible for $7500. 
• Minimum buyer contribution is $1,000.00     
• Property must be owner occupied           
• Forgivable FHP Subsidy after 5 Years – Must occupy the property for a period of 5 years, or subject to recapture provision and must be repaid.
• Income must be less than 80% of the median home income on Household size (this includes any person(s) living in the household) 
• Subject to credit approval

 Great program for first time buyers, call 703-943-7844 if you are preparing to buy so we can find you the right lender.

Freddy Solis
Realtor
www.freddysolis.com
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Finding And Obtaining Grant Money