If you're buying your first home, there are some resources you don't want to overlook that could drastically reduce the amount of money you have to fork out.
Government grant programs for first time home buyers are one of the financing options to certainly consider.
The government provides grants for first time home buyers to help them come up with down payment money, reduce their mortgage rate, and even to assist with closing costs.
There are many variations and agencies that provide these funds, but they can often be obtained by your local government.
One of the biggest perks when it comes to first time home buyer grants is that they never have to be paid back.
As long as the money is used in the purchase of your new home, the money is yours for your personal use.
In addition, there is typically no credit check, down payment money or collateral needed.
All you need is a perspective home, proof that you have obtained financing and are ready to move forward on your new home purchase, and an application.
Depending on the specific grant you are applying for, approval can be instantaneous, or it may take a week to receive your grant funds.
It's all part of the government's plan to stimulate urban development, improve the performance of the economy, and get home ownership going again in the US.
As a result, you can save thousands of dollars, which you can now use to buy new furniture or other home accessories.