Did you hear that the first-time homebuyer's credit was over?
It was true ... but now there's a new
FHLB (Federal Home Loan Banking) grant which is a program designed for first-time homebuyers and was just released on March 1, 2011. To qualify for up to $7,500 in closing cost and downpayment assistance, you must not have owned a home in the last three years. Other requirements include the location of the house which must be in Maryland, DC, Virginia, or North Carolina. The borrower only needs to use $1500 of his or her own money to
receive the $7,500 or may use as little as $500 to receive $2,500 assistance! Household size is considered when determining total household income for qualification purposes. The homebuyer must complete a telephone consumer credit counseling class and must reside in the home for a minimum of five years in order for the grant to be forgiven!
There are other details so, please call Sue or Dipper for more information ...
410-707-1840 Sue@BrazzelDazzle.com 443-745-4406 Dipper@BrazzelDazzle.com
http://localism.com/neighbor/suebrazzel
