A new grant is now being offered for first time home buyers who are active-duty military persons, veterans, retired members of the military and employees of the U.S. Department of Defense and the Department of Homeland Security. Eligible participants may be granted up to 5,000 to use toward a down-payment and/or closing costs when buying their first home. The grant can be applied to a mortgage issued by any financial institution. The Pentagon Federal Credit Union Foundation make this program possible, allowing it’s recipients a little helping hand when deciding to buy.
The requirements are as follows:
- Military affiliation – (active duty, reserve, National Guard or veteran) – a Department of Defense employee or a Department of Homeland Security employee.
- First-time homebuyer or not owned a home for the last three years; or a home has been lost through divorce or disaster.
- Gross household income, including allowances, used to qualify for a mortgage loan is a maximum of $55,000 per year, or 80% of a community’s median income based on family size.
Please visit the website for all information associated with this Dream Makers program
If you are in the market to buy or sell your home, please don’t hesitate to call and speak with one of our knowlegable agents. We look forward to hearing from you.
Yours in Success,
The Florida Future Realty Team.
239-542-8521