Things to do in Washington DC: Charles County MD and PG County MD Home buyers-Do you want a home buyer grant for up to $7,500?

Charles County MD and PG County MD Home buyers-Do you want a home buyer grant for up to $7,500?

         Charles County MD and PG County MD Home buyers-Do you want a home buyer grant for up to $7500? Many of you probably do. So who is giving out this home buyer grant for up to $7500? Federal Home Loan Bank. Federal Home Loan Bank (FHLB) provides up to $7,500 in matching funds per eligible household for down payments and closing costs. The bank has set aside approximately $11 million dollars of funds for the 2010. Since 1999,FHLB has funded over $59 million in FHP dollars to help more than 9,700 families purchase their first home.



        Qualifications: The qualification criteria includes being a first time home buyer(if you haven't owned a home in three years,you qualify as a first timer.) Your minimum contribution is $500 and that your annual income is less than 80% of the median home income on household size. If you qualify for the home buyer grant,you are provided the grant at a ratio of 1 to 5. Ex: If a buyer has $500 of their own money,they are eligible for $2500. If a buyer has $1,500 of their own money,they are eligible for $7,500. Besides the loan amount qualifies as a "Forgivable loan after five years of stay.




        If you are sell or refinance your home before five years,you will have to pay back the $7,500 home buyer grant to the Federal Government. If you complete the five years,you don't need to return the money.



        Time is of the essence: The money will run out for the FHLB by September 2010. So if you are looking to buy a home in either Charles County MD,PG County MD,St.Mary's County MD or DC,to qualify for the home buyer grant ACT NOW BEFORE THE MONEY IS GONE

         For more information on the home buyer grant,please give me a call at your earliest convenience. I can be reached at 202-378-0283. Click on this link if you know anyone who is looking to Get preapproved for a home loan in Charles County MD and PG County . Click on the link to Search for Three bedroom,two bath ramblers with a garage for sale in Waldorf MD 


Click here to Buy a house with $0 down and get up to 4% in grant to use towards down payment and closing costs.     




Want to get a list of recent SOLD HOMES in your area of choice? Click on this link 




Click on this link to download my KW Mobile App to search homes for sale on your mobile phone,IPAD or tablet


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Excellent information for consumers, Lanre.  Too bad they don't have any money for Anne Arundel County, where I work.

Posted by Margaret Woda, Maryland Real Estate & Military Relocation (Long & Foster Real Estate, Inc.) over 8 years ago

That's very good information, Lanre. I need to find out if that program is available in Santa Clara County, California.

Posted by Lottie Kendall, Helping make your real estate dreams a reality (Compass) over 8 years ago

This is great info.  I am going to reblog this.

Posted by Dr. Stacey-Ann Baugh, A doctor who makes house calls. (Century 21 New Millennium) over 8 years ago

Dr. Stacey-Ann Baugh (EOP Real Estate, LLC)- Hello Dr.Stacey. Please share it with all of your clients. And thank you very much for the re-blog.

Lottie Kendall, CA DRE#01215160 Seniors Real Estate Specialist (RE/MAX Today)- I believe it is available in California also. Thanks for your comments.

Margaret Woda- I think they still do. If I find out,I will definitely let you know. Thanks for your comments.

Posted by Lanre-"THE REAL ESTATE FARMER" Folayan, I don't make promises.I deliver results.SOLD HOMES (Keller Williams Select Realtors-Buy a home in Washington DC. Sell a home in Washington DC) over 8 years ago

yes, it's available in Anne Arundel County.  All of Maryland, Virginia, D.C. 

Posted by BJ Matson (The Choice Group) over 8 years ago

Excellent info I wish we were offering the grant!

Posted by Markita Woods NMLS#196099, Queen of Mortgages - FHA, VA, Conventional, USDA (Fairway Independent Mortgage) over 8 years ago

Thank you Lanre for this informative. If I am a buyer, I would choose you to be my Agent.

Posted by Aklile Mariam, e-PRO Realtor (Lic. DC, MD & VA) (Long and Foster Real Estate - CAPITOL HILL) over 7 years ago