Applicants are typically made aware of their award decision within a month. If additional information is required, the process could be longer.
The down payment grant amount can be up to 20% of the pre-approved loan amount. Home maintenance grants are determined by verified scope of work needed. Ultimately, all grant amounts are determined by availability of funds at the time of approval.
Grant funds are wired directly to escrow at time of closing.
No, grants funds do not have to be repaid and are considered gift funds. Yay!
Yes, as long as it’s for a primary residence.
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