How to Receive Up to $15,000 For a Down Payment on a New Home
Posted by: real estate / Category: BuyingDo you need money to start in the real estate business or do you need money to buy a new home? The government has put programs in place where people have been awarded over $275,000 to get into the real estate investing market, over $15,000 to help pay for a down payment on a new home, $10,000 for a brand new roof on your house among other home program grants.
In order to qualify for a grant, you only need to be 18 years of age and a United States citizen. There is no credit check to qualify for a grant and they do not penalize you for having a low income. In fact, you can be wealthy and receive a grant too.
The government has a program in place that allows seniors over $5,000 to help fix up their home. There is another program where the government will give you $2,000 to help make home repairs if you need to fix your home before you can sell and buy another one.
So whether you want to get into the investing side of real estate or you needs money to buy a new home there are grants for both needs. In fact, you can apply for both of these grants at the same time. The government allows you to apply for as many programs as you like. You just need to write the grant and get the exact program in order to apply for the correct one.
Start applying today, allow the government to help you either buy new home or help you get started in the real-estate market.
I have found this resource for grants and I am sharing it with you. Find Free Government Grants.
To Get Help in Getting a Free Government Grant. Click Here
Marq_Samsun
Last 5 posts in Buying
- Things to Know When Buying a New Home For the First Time - June 6th, 2009
- House Price Increase Or More Falls? - June 6th, 2009
- First Time Home Buyer Grants - Down Payment Assistance From the Government - June 6th, 2009
- New Home Buying Tip - Owning Beats Renting - June 6th, 2009
- Pave the Road to Your First Home! - June 6th, 2009
Things to know:
1. Check your financial status: can you afford a new home at a recession period? Do you have an emergency fund you can count on for at least six months? Are you sure you have a steady job as well as a stable job? Do you have enough money for the down payment?
2. Get a credible and well informed estate broker that could give you information about the best mortgage lenders. Do a proper research on few of them and establish a relation with at least two of them. This might involve opening account with the two. This… Continue reading
Since 2007 the housing market has been in turmoil.
Lenders stopped lending, house builders stopped building and home owners have slid in to negative equity.
Month after month house prices have slipped making the average price of a property in the region of 20% less than it was at peak. Only in recent months have the declines in the monthly falls really been noticed.
Many home owners are now stuck in negative equity unable to move. During the boom years when their house was worth a lot more they may have used the equity available from their home as unearned income. With this… Continue reading
With these first time home buyer grants from the government, new home owners can get down payment assistance to help them purchase their brand new home. This is funding that is provided to tax paying citizen, generally through local government agencies, and can be obtained regardless of income or credit.
First time home buyer grants can provide as much as $20,000 in cash to be used towards your down payment or closing costs. That’s instant equity that you can put into your home and more money that you can keep in your pocket.
Buying a home is one of the biggest purchases… Continue reading
OWN: Your home builds equity for your future. You can use equity to move up to a new larger home one day, or to help send your children to college.RENT: No equity is built, no matter how long you rent. It’s like pouring money down the drain.
OWN: You control your monthly payment.RENT: Landlord controls payment.
OWN: New home buying tip: mortgage interest is tax-deductible. The government’s loss is your gain.RENT: No tax benefits.
OWN: A nice, safe backyard for children to play. You have room for pets, and also a garden.RENT: No backyard, no garden. Often pets not allowed.
OWN: A new garage… Continue reading
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Tags: Credit Check, real estate investing