First Time Home Buyer Grants on Long Island
First Time Home Buyer Grants on Long Island are available now! Calling all FIRST TIME HOME BUYERS!!
Recently, we brought in a Grant Specialist to the office of EXIT Realty Achieve. The Grant Specialist seems to have all the information on first time home buyer grants for Long Island. There are currently many different grants available. Grants are available on a limited basis and are first come first served. A few of the providers of the first time buyer grants are Community Housing Innovations and Long Island HousingPartnership.
Perhaps money does grow on trees.... for first time home buyers anyway! The grants do come with some restrictions. For example: the buyer may be required to own the home for a specific number of years or the buyers may not make more than a specific amount of money. A great piece of news is that some of the grants are stackable so you can get funding from several organizations at one time and this can add up to a sizeable amount of money. The grants can be used for down payment assistance but also in some cases for repairs on the new home.
First time home buyers interested in home buyer grants will generally be required to go to an educational class but the time invested will certainly pale in comparison to the benefit. Many lenders and realtors on Long Island are unaware of the First Time Home Buyer grant programs so make sure you choose the right professionals to work with. Our team at EXIT Realty Achieve is knowledgeable about First Time Buyer grants and will introduce you to our Grant Specialist and the mortgage lenders who can guide you through the process. Please call us at 631-543-2009 if you want information on buying a home with a grant in Smithtown or anywhere on Long Island.