First-Time Home Buyer Program: Eligibility Criteria
How to Apply for the $50,000 Down Payment Assistance
According to RGJ, A mortgage company in Nevada is helping Americans buy their first home. They are giving away $50,000 to Americans who need help with the down payment and closing costs. This program is only for Americans who have never owned a home before.
To be eligible for this program, you must meet certain requirements. First, you must be a first-time home buyer. This means you have not owned a home in the last three years or you are a single parent or someone who was previously married. You must also put at least $10,000 of your own money into the purchase of the home. Additionally, your household income must be between 80% and 140% of the average income in the area where you want to live.
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Don’t Miss Out: Limited-Time Opportunity for First-Time Home Buyers
The program is like a giveaway, and the funds are limited. So, if you are interested in applying, you should do it as soon as possible. The grant can be used to help pay for the down payment and closing costs of the home. The president of the mortgage company, James Anderson, says that this is a great opportunity for Americans who may not have been able to buy a home otherwise.
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