Who wants $25,000??

I’ve got some exciting news for first-time home buyers

The Down-payment Toward Equity Act is a proposed bill before Congress as of February 2024.📰

It's an exciting program offering a $25,000 grant. These funds can be used for down payment, closing costs, or interest-rate buy-down.💰

As with most, down-payment programs, it does have a few eligibility requirements. Buyers must be:

1️⃣ First-time home buyer

🏠 Primary residence 

🏛 Use a government-backed mortgage 

🛐 Low or moderate income

But this program has an interesting twist….🌀

Buyers must be first-generation homeowners. Meaning their parents can't have owned a home in the previous 36 months. There is a loophole, if the buyer has ever lived in foster care this rule won't apply.

It's a government program geared toward closing the gap in economic inequity.

I am a HUGE proponent of homeownership! It is the #1 ☝️ way to build wealth in America and every little bit helps. Let's hope this bill passes soon and helps many achieve the dream of home ownership!

If you're dreaming of your own home, I'd love to hear your story! Download our 14-step Home Buyer's Checklist booklet. Just click here