Grants for First Time Home Buyers
If you are saving to buy your first home be sure to look into grants for first time home buyers. One of the largest hurdles for first time buyers is raising the down payment. Even with an FHA loan, when adding up all the extra costs, we're still talking a good chunk of change. If you're interested in applying for a grant it's important to know, most grants are only available for limited time or until all grants are awarded. When it's time to buy your home you may need to do a bit of research first. Of course, we are more than happy to assist our buyer clients should they desire to apply for any available grants. While saving for your downpayment and searching homes for sale, don't forget about the possibility of applying for a grant.
Learn about Grants for First Time Home Buyers
Depending on where the home is located, there are assistance programs available for first time homebuyers. Some can be found in the form of private grants but these grants are often limited to buying homes in specific areas. Also, the grants are not usually for huge amounts, but when scraping together enough for a downpayment on a first home, every little bit helps. Read below to find out more about some of the grants now available.
Grants Available in 2019
Southland Regional Association of Realtors® together with the California Association of Realtors®
Providing grants to first-time home buyers who meet the qualification requirements. The grant will pay your HOA dues for up to 6 months, but not to exceed $2000. This grant is made available as of 2/15/19 and expires in one year or when all grants run out, whatever comes first.
We really like this grant! You must buy your home through a licensed Realtor®, like us, and the money awarded will go directly to your HOA. Being awarded this grant will provide assistance to buyers when they need it most, and gives them a bit of time to get on their feet before having to pay monthly HOA dues out of their own pocket.
Applicants must meet certain requirements, including income limitations, and attend an eight hour First-Time Homebuyer Course. Income for 1-2 member households must not exceed $99,600. For households with 3 or more members the income level cannot exceed $116,200. Applying for the grant does not necessarily mean you will receive a grant, but this one doesn't look too difficult! As you'll see by reading down below, we've helped our other clients to be awarded grants and we're happy to help you too. Contact Matt & Meray today to find out more! We'll represent you to buy your first home and provide you with the application form and additional details. 661-713-4799.
Ask Your Real Estate Agent
If you are currently saving for a home in Santa Clarita, we suggest asking your realtor about looking into private grants for first time home buyers in Santa Clarita. Below, see an example of how we helped our friend receive a generous $1000 grant from the Alison Lewin Fund.
How we Obtained a Grant for Our First Time Homebuyer
The Gregory Real Estate Group is pleased to announce, with the help of a $1000 grant from the Alison Lewin First-Time Homebuyers Fund, our friend and client Nick Mercado just purchased his very first Santa Clarita home!
We have represented many first time home buyers over the years, but receiving this grant makes this transaction memorable, and so very special. This was the first time one of our first time Santa Clarita home buyers received a $1000 grant from the Alison Lewin First-Time Homebuyers Fund!
We are all so grateful Nick was fortunate enough to receive the grant and it helped make the transaction possible. On behalf of my client Nick Mercado and my team at the Gregory Real Estate Group, we extend a warm and heartfelt THANK YOU! Thank you to Alison's family, friends and those donating to make this fund possible!
This Santa Clarita First Time Home Buyers grant was made possible by the the Alison Lewin Fund, created in memory of a well loved and respected Santa Clarita Realtor named Alison Lewin. The fund was created in order to provide $1,000 grants to persons who purchase their first home in the Santa Clarita Valley area of California. The mission of the Fund is to continue the work of Alison Lewin to assist good people to achieve the American Dream of homeownership.
As local realtors, we are amazed to see the impact this warm and loving fellow Realtor left behind. It is truly inspiring to see people cared so much about Alison Lewin to establish this fund after her passing. This fund continues her work of helping others achieve their dreams of homeownership.
We only hope we can live our own lives even half as well as Alison did and we hope to leave behind similar memories when we're gone.
If interested in learning more about Alison Lewin, donating to the Alison Lewin First-time Homebuyers Fund or applying for a first time home buyers $1000 grant, visit the Alison Lewin Fund Facebook page at the link shown below. As explained at the Facebook page, the Fund is a IRS approved non-profit corporation and therefore all donations are tax deductible!
We hope you found this post as inspiring and refreshing as we did while writing it. First Time SCV Home Buyer Receives Grant