NEWS: More home grants are being given to , and surrounding areas this year than EVER before. Claim your grant kit now and apply before they're all gone!
Are you aware that if you are in the process of buying a new home, you may qualify to get free grant money from the government? Because of the recession, it has become harder for first time property purchases to afford the downpayment and also to qualify for a mortgage. Government has therefore come up with a creative way of working with mortgage lenders to prevent the housing market from collapsing, while at the same time ensuring that citizens are able to purchase their most secure financial asset.
Our government dedicates approximately $500 million in free grant money to help people who want to buy their first home. This is in addition to BILLIONS of dollars of other grants that you are also able to hold at the same time as a first time home owner's grant.
The American Dream Down Payment Assistance grant initiative works with banks to make home loans more accessible to first time home buyers. These grants help you with the initial downpayment (which is what keeps most prospective buyers out of the property market) and also makes it a lot easier to get a mortgage. The most attractive aspect of these grants is that they are not repayable.
Depending on the exact home buyers grant that you apply for, the funds can be used for a down payment, used towards closing costs, and there are even grants to help fix/renovate your new home and make improvements.
It is very important to remember that grants are not like loans. There are:
- NO credit checks
- NO co-signers
- NO collateral requirements
- NO interest rate headaches
- NO repayments
- NO limits to how many grants you can apply for (housing related or otherwise)
