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Virginia Homebuyer Grants and Programs 2023: Buyer gets a $8,042 Check

By Marcus Rice

Real Estate Broker/Owner with Equity First Realty VA BKR# 0225058489

January 09, 2023 08:38 AM

Virginia Homebuyer Receives a Homebuyer Grant Check for $8,042

Recently Marcus Rice with MillionDollarHome.com/Equity First Realty® was proud to give another cash back rebate check to past clients Mr. & Mrs. Kay for $8,042. Congratulations to Mr. & Mrs. Kay for closing on their brand new home built by Boone Homes in Wyndham subdivision. Equity First Realty was proud to present Mr. & Mrs. Kay and their amazing son Danny with a Homebuyer Cashback Luxury Grant Check for $8,042.00. Thank you I AM THAT I AM, Jesus and The Holy Spirit for blessing my clients, me and my firm with another closed real estate deal. Glory to God! I want to to give a special thanks to Mr. & Mrs. Kay for allowing me to sell their home and allowing me to help Mr. Kays father and mother with the purchase of 2 other homes last year.

Virginia Home Buyer Grants, Rebates and Down Payment Assistance Programs 2023

Equity First Realty® understands that saving money for a down payment and closing costs is one of the most challenging aspects of the home buying process. Partnering with various banks allows us to offer a variety of cost assistance programs and open doors through our partner banks for first-time, second time, and luxury home buyers. Through these programs, buyers can put money towards a down payment and closing costs and receive a cash back rebate at closing.

What’s currently offered through our Bankers, MillionDollarHome.com & Equity First Realty®?

• Luxury Home Buyer Grant Program - Million Dollar Homes luxury division offers one of the largest luxury homebuyer grants in the industry. Get thousands back at closing when you close on your next dream home with a MDH Luxury Real Estate Affiliate. If you bought a $10,000,000 home our real estate commission would be $300,000. At MillionDollarHome.com/Equity First Realty we would pay you to 3% Cashback at closing when you buy with our team. Check out this short video:

• Community Partners Home Buyer Program- For individuals employed as doctors, lawyers, computer professionals, corporate executives, educators, law enforcement officers, health care, firefighters and government workers.

Get up to $7,500 in grant funding is available for the down payment, closing costs, principal reduction, and/or rehabilitation costs of a home purchase. First-time homebuyers or non-first-time homebuyers are eligible. You can also add on another cash incentive with our Equity First Realty Virginia Hometown Hero Program.

• $25,000 First-Time Homebuyer Grant - The Down Payment Toward Equity Act

If you’re a first-time homebuyer in Virginia, you might be eligible for a $25,000 grant in the not-too-distant future, thanks to President Biden and his push to pass the Down Payment Toward Equity Act. The Down Payment Toward Equity Act of 2021, otherwise known as the $25,000 First-Time Buyer Home Grant, comes from Biden’s promise to help Americans purchase quality housing. The act is currently in Congress, but could be passed any day in 2023, and it would deliver some of the down payment assistance Biden promised home buyers throughout the past years.

If the $25,000 grant makes it into law, it will help many people. All we can do is wait and see if it passes. But at Equity First Realty you don’t have to wait, we currently offer one of the biggest Homebuyer Grant-Rebates in the industry. Please read below.

• VHDA’s Down Payment Assistance Grant - Get a 100% Loan!

VHDA’s Down Payment Assistance (DPA) grant can provide eligible first-time homebuyers with funds needed for their down payment. The maximum grant will be 3 - 3.5% of the purchase price, based on the down payment required for the eligible VHDA loan. Up to 101.5% financing available for qualified buyers. So, you can buy a house with no money down with this grant.

• First Time Home Buyer

Up to $10,000 in grant funding is available for the down payment, closing costs, and principal reduction of first-time homebuyers. Funding is provided as a 4-to-1 match with the buyer contributing at least $1,000 toward the purchase. You can also add on another cash incentive with our Equity First Realty Cashback Rebate Program.

• Veteran and Military Home Buying Programs $7,500 to $10,000 for veterans and service members. For veterans or active-duty members of any branch of the U.S. military, or their surviving spouses. $7,500 to $10,000 in grant funding is available for the down payment, closing costs, principal reduction, and/or rehabilitation costs of a home purchase. First-time homebuyers and non-first-time homebuyers are eligible. No matching funds are required from the homebuyer. For veterans or active-duty members of any branch of the U.S. military who are currently serving or have served in an overseas military intervention, or their surviving spouses. Up to $10,000 in grant funding is available for the down payment, closing costs, principal reduction, and/or rehabilitation costs of a home purchase. You can also get another cash incentive with our Equity First Realty Military Appreciation Program. Get a cashback rebate along with this program.

• Foreclosure Home Buying Programs

Received up to $15,000 for homes purchased from the REO inventory of certain approved financial institutions. Up to $15,000 in grant funding is available for the down payment, closing costs, principal reduction, and/or rehabilitation costs of a home purchase. First-time homebuyers and non-first-time homebuyers are eligible. Funding is provided as a 4-to-1 match with the buyer contributing at least $1,000 toward the purchase.

Equity First Realty® offers up to 3% Cashback Rebate at closing along with the grant programs offered by our vendors. Get a grant and a rebate when buying your next home with Equity First Realty®!

Get a cash back real estate rebate when buying your next home with Equity First Realty®. Receive thousands of dollars at closing with our award-winning program! Here are some of our past clients who received their home buyer rebate with Equity First Realty's Home Buyer Cashback Rebate Program!

Want more money in your pocket for closing? How about being able to afford a bigger/nicer Virginia home? Well, you can with Equity First Realty®! Equity First Realty Now Gives YOU Cash Back Buyer Rebates at Closing!

Buyer rebates that give you cash back at closing?! If you have ever wondered how cash back rebates work for real estate, here is the inside scoop…

When real estate agents sell a property, they usually collect a commission between 2.5% and 3% of the property's gross sales price. So, on a $500,000 house, that would mean a commission of $15,000.00 to the selling broker. Out of that $15,000 commission, the buyer would receive $7,500 at closing (rebate check). Equity First Realty offers rebates up to 3% on new construction and 3% for pre-owned homes for sale in Virginia. In other words, we can give 3% of our 3% commission to you for new construction and 3% of our 3% commission for resale properties. Yes, we'll pay you to be our customer! *Certain conditions apply.

Many of today's home buyers are clearly willing and (with the Internet) able to search for and locate their own properties without relying on an agent to find houses for sale for them. For doing some of the work, Equity First Realty® thinks you are entitled to a portion of that commission. So, we're willing to give up to 3% of the sales price back to you, just for letting us help you purchase your next home.

Get a cash back real estate rebate when buying your home. If you are looking to buy a home in Virginia, then why not get a cash back home rebate? Just like retail product promotions for rebates where you get money back after you purchase a product, you too can get cash back on your home purchase! Equity First Realty® offers up to 3% of our real estate commission to buyers that use us as their representative in their real estate transactions. We are your premier Virginia Real Estate Rebate Broker!

Most Realtors won’t offer to give you a real estate rebate and will keep the whole commission to themselves, but Equity First Realty® wants to PAY YOU for the work we know you have put into your own real estate search. Find out how you can take advantage of a home grant rebate today! *Certain conditions apply

Contact me today if you're thinking about buying or building your next home, I look forward to servicing your needs. Real estate rebates are legal in the state of Virginia. Commission rebates are 100% permitted in Virginia and promoted by the U.S. Department of Justice: Click here for more U.S. Department of Justice information.

We are your premier Virginia Discount Real Estate Broker!

The Marcus Rice Team specializes in residential and commercial real estate in the whole state of Virginia. We are tech savvy realtors with over 23 years of experience. Please join us on our social networking network to stay up to date on Virginia real estate news and more.