13 Mar Free Grant Money for Your Down Payment!
Today, K. Micah Maupin of TREO Realtors talks about the Welcome home program. This loan is backed by the Federal Home Loan Bank of Cincinnati and there are three things you need to know about this program.
- First and foremost, it is first come, first served and it started on March 1st. This means to use this program, you need to get on the ball! Go to their website and get your application in to get this grant.
- It is up to $5,000 of free money that they are giving away and you don’t have to pay this grant back. You can use this money towards your down payment. You do have to stay in the home for five years, which a lot of people do anyway.
- The last thing is, you need to contribute $500 of your own money, which is essentially the earnest money deposit.
To get started, go to: www.fhlbcin.com and see if you qualify. If you do, fill out your application and give me a call so we can start looking at homes immediately!