$5,000 Welcome Home Grant CLOSED 4/11/2014

See 2017 Welcome Home post at http://www.bdiebert.com/2017/01/31/welcome-home-grant-2017-for-5000-on-31/

 

$200,000 available with “Welcome Home Grant” available for distribution starting MARCH 3RD.  I highly recommend you start writing purchase contracts NOW so that funds can be reserved immediately on March 3rd.  Funds are available for a very limited time on a first come first serve basis

Welcome Home Grant  Down Payment Assistance – not just for first time home buyers!

  • Assistance not to exceed $5,000 – must go toward down payment assistance. Can be used for down payment, closing costs and/or pre-paid items.
  • Available with most loan types
  • Borrower must have $500 of their own funds towards out of pocket
  • Borrower cannot get cash back at closing—even earnest money
  • Closings can take up to 4 weeks depending on demand—no rushes
  • Borrower home buyer counseling is required –
  • You do not have to be a first time home buyer
  • Program is not intended for purchases requiring significant repairs
  • Funds cannot be reserved until there is a signed contract
  • Income limits for Franklin and surrounding counties:
    • 1-2 people – no more than $54,320
    • 3+ people – no more than $62,468

Applications can be initiated online at Apply Online Now

Brent Diebert   NMLS#461421

Phone 614-571-3554

No comments yet.

Leave a Reply