Southern Trust just announced it has $1,000,000 in first time home buyer grant funds available. Eligible buyers will get a 5 to 1 match on funds up to $7,500 toward the purchase of an owner occupied home in Maryland or Virginia. A qualified buyer with $1,500 would get the full $7,500 in assistance. There are income and other restrictions and homebuyer counseling is required.
For purposes of this program, a first time buyer is defined as someone who has not owned a home in the last three years. More information available at http://www.lowrateloan.com/down_payment_assistance. Contact me directly with any questions and to discuss qualifications.
Filed under: Mortgage, Real Estate | Tagged: closing cost, first time homebuyer, grant, maryland, virginia | Leave a comment »
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