Grants for Loudoun County Employees To Buy Homes

By
Real Estate Sales Representative with Fieldstone Real Estate

There are available grants for Loudoun County Employees to buy homes within the county.

Quick requirements for these grants:

-Employed with Loudoun County (20+ hours/week).
-Household income of $32,200 to $75,100.
-First time BUYER or have not been living in Loudoun for previous 12 months.

Grants are a minimum of $5,000, and up to $25,000 under special circumstances. These grants are loans that are forgivable at a rate of 20% per year for five years. In other words, if you receive a grant of any size and you stay employed with Loudoun and continue to live in that residence for 5 years, you do not need to ever pay it back. If you receive $15,000, and change employers or move after 3 years, you would have to repay $6,000 of the grant.

Interested in learning more? Contact me for details.

Vicky Chrisner
Fieldstone Real Estate
703.669.3142

 

Original Post: Grants for Loudoun employees to buy a home within the county.

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