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Grant Program for Military First-Time Homebuyers
I came across a great program for military first-time homebuyers today, and I had to share it!  It is called the Dream Maker Grant from Pentagon Federal Credit Union (you do not have to be a member of the credit union to qualify).  Through this grant First-Time Homebuyers can get free money to use toward their closing costs and down payment.  To qualify you must be military (active, reserve, guard, or veteran), and must have a gross household income that is $55,000 or less (or a maximum of 80% of your community’s median income level).  You also must be a First-Time Homebuyer, meaning you have not owned a home in the last 3 years or have lost it to divorce or disaster.
 
So what do you get? 
How does up to $5000 sound?  It’s true.  If you meet the qualifications above, you are eligible for up to $5000 for your down payment on your first home!
 
How does it work?
Dream Makers will match your personal contribution to the purchase three-to-one up to $5000.  They do require that you put at least $500 into your purchase and your mortgage cannot be more than 97% of the purchase price ... more

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