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.
Own Your Own Dream Home Sooner
Don’t let saving for home ownership get you down! Flex Funds is designed to kickstart your progress!
Contact Eileen Dalhoff, with Flat Branch Home Loans for More Information (314-210-1884)
Or Finding Homes for You at 636-532-4200.