If you are looking for assistance in obtaining financing as a first-time homebuyer and you qualify under CDBG, HOME, SHIP or Surtax income guidelines, you may benefit thanks to this loan program. Homebuyers now have a chance to own a home of their own at below-market mortgage rates. If you're a homebuyer looking for a manageable mortgage, this new program may make it possible for you to buy the home you want right now.
This grant is for First Time Home Buyers. In general, individual or families who do not own a home at the time of application can qualify. To be eligible you must: have an income not exceeding the limits; have been employed in the same line of work for at least 24 months; have a good, established credit history and be approved for credit by a participating lender; and be either a U.S. Citizen, or have obtained legal permanent residency immigration status.