The City of West Palm Beach has an exciting grant opportunity for people interested in buying a new Townhome!
The Housing Community Development has partnered with the developer to provide a valuable incentive opportunity for the purchase of new construction townhouses, lovely 3 bedrooms, 2.5 baths, located in the western part of the City.
Income eligible buyers may qualify for up to $20,000 in down payment assistance with the closing cost paid by the seller.
It is a program in the form of financial aid that’s designed to reduce or eliminate the down payment that you usually need to submit when taking out a mortgage to purchase a house.
There is a reason for the First-Time Home Buyer grants. For instance, if a city is looking to revitalize a neighborhood, they will offer grant funding targeting that area. Also, Home Owners stimulate the local economy with paid property taxes and increase the property values with well-maintained homes. There is a benefit for offering such opportunities to those who qualify.
Another key aspect of First-Time Home Buyer Grants is the understanding that the grants allow clients to “Buy Up.” For an example: Sarah, a waitress and single mother of one child, prequalifies for $145,000 loan. She is looking to move to West Palm Beach, FL. She is eligible for both the City of West Palm Beach’s $50,000 First-Time Home Buyer Grant and the Palm Beach County’s $40,000 First-Time Home Buyer Grant. It is well worth the invest to learn more.
Yes. You can browse all available grants.
Browse Grants in Palm Beach Area