$10,000 Federal Grant Program Back for 2008! Get Money for Closing Costs anywhere in Maryland December 17, 2007
Posted by Patti Shawgo in Uncategorized.trackback
The Federal Home Loan Bank of Atlanta has a great program that I work with that gives up to $10,000 to first time home buyers. The great thing about this program is that is good ANYWHERE in the state of Maryland, Virginia, and the District of Columbia!
You need to make 80% of the area’s median income as calculated by FHLB-A. That number is different depending on how many people are in your household, and this limit is slightly higher than other programs.
This is a 5 to 1 matching program, meaning you need to have $2000 of your own money in the transaction to get the full $10,000. It is a loan/grant that is forgivable over 10 years, the longer you live in the property, the more of the money is forgiven. While you own the property it is a 0% interest loan with no payments. Just like every other program, you need to take a home buyer educaiton course by an approved agency.
Another great thing about this program? It can be used in conjunction with other down payment/closing cost assistance programs!
I am planning to buy can you assist with closing help tips. I would like to buy some time in October,2008. Is this a good time to buy and if so how do I apply for this grant. I have a lot of questions but not enough space. My e mail is lakishawaddell@yahoo.com Thank you very much for your time. LW{
[...] 2008 Posted by Patti Shawgo in First Time Home Buyers, Interesting Stuff, Local News. trackback The Federal Home Loan Bank of Atlanta (clickfor my first post on this program) First Time Home Buyer program, which can give you $10k [...]
I heard “this Grant program run out of fund” BUT it will resume back in Jan 09.
Please let me know if the above it’s true.
Best,
Sebastian Martinez
smartinez@mris.com
http://www.infoGratisCasas.com
I LOST MY HOME TO FORCLOSER CAN I GET IT BACK AND CAN THE GOV. HELP ME
Im looking to buy a house in Alexandria VA…How do I apply for this program???? Sounds like a great program for first time home buyers like myself ??? How can i find out more information and if theres any funds available???
The program is great. I used it to purchase my home in Baltimore County, in Sept. Along with another program.
Can you assit me with your broker and other program you used to buy your home .
I am interested in particpanting in this program. How would I go about gathering more information?
Is this program still available for 2009?
I am ready to purchase, have the minimum funds as required.
Have a few homes in mind as well
Is this program stilla vaialble in 2009? Looking to purchase by August
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