Are you dreaming of owning your first home but worried about the daunting costs? The First-time Homebuyer's Grant is here to turn your dreams into reality, making homeownership more achievable than ever before.
Grants are available if you already own your home too! Click here for details on the HOPE Grant.
Overview of the First-time Homebuyer's Grant:
At Heartland Credit Union, we understand that saving enough money for a down payment or covering closing costs can be challenging. That's where the First-time Homebuyer's Grant comes in. With our assistance, eligible first-time homebuyers may qualify for a generous $15,000 grant to ease the financial burden associated with purchasing a home. It's all part of the Heartland Way – making homeownership accessible and affordable.
Key Details:
- Financial Assistance: Income-eligible first-time homebuyers can benefit from a $15,000 grant, specifically designated for down payment or closing cost assistance. This substantial amount significantly reduces the out-of-pocket expenses that often come with buying a home.
- Availability: Grants for the year 2024 will be open for application starting March 4, 2024. It's essential to act promptly, as funds are limited. Call today to get preapproved.
- Credit Approval: Qualified buyers with approved credit can take advantage of this incredible opportunity.
- Income Limits: Keep in mind that income limits apply, and subsidies are limited. We can help you check your eligibility to ensure you can benefit from this grant.
- Homebuyer Education: Grant recipients are required to complete a free online homebuyer education course. This course is specifically designed to equip first-time homebuyers with the knowledge and skills needed to navigate the complexities of homeownership successfully.
- Forgivable Grant: Here's the best part – live in your new home for at least five years, and the entire grant becomes fully forgivable. It's a fantastic way to invest in your future without the financial stress.
Act Now – Limited Funds:
Funds for the First-time Homebuyer's Grants are limited, so it's crucial to take action promptly. Contact an HCU Real Estate Loan Consultant at 800.428.8472 for more information or to start your application process. Your dream home awaits, and the First-time Homebuyer's Grant is here to make it a reality.
