First-Time Homebuyer $4000 Grant for Down Payment and Closing Costs -

New Assistance for First-Time Homebuyers

You read it correctly! There is a new First-Time Homebuyer $4000 Grant for your down payment or closing costs! In the midst of a not so easy market this is welcome news.

Flex Funds Grant Details

Flat Branch Home Loans (a local lender we have worked with for years) is now offering up to $4,000 in Flex Funds to use towards your down payment or closing costs.

This forgivable grant does not need to be paid back!

Here are the Key Details

For conventional loans
30-year fixed rate terms
Up to 2% of the home’s price or $4,000 maximum
For single-family primary residences
At least one borrower must be a first-time homebuyer
Income at or under 80% of the area median (currently $80,640 in our region)

Overcoming the Down Payment Hurdle

Having worked with homebuyers for the last 20 years we know how the down payment can be the biggest hurdle for first-time homebuyers. We are so excited to see new, and innovative ways for first-time homebuyers to have this option.