ShareThisFirst-Time Home Buyer Receives $21,500 in Grant Money!
Last month a couple received $21,000 in closing cost assistance because the husband was a city employee. Here is a list of the programs he used;
ADDI (American Dream Down Payment Initiative) $10,000
Baltimore City Employee Grant $3,000
House Keys Match $3,000
Smart Keys Match $3,000
DSELP $2,500
The buyers only put $1,000 of their money in the transaction. FHA require that a buyer have 3% of their own funds in the transaction. But some of the grant programs will allow a buyer to use some of the grant money towards the required 3%. They were able to purchase a $200,000 house with $1,000 out of pocket. Contact me to receive more information on how these programs work.
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