Happy Thursday – I hope you are doing well. For this week’s video, I want to share the details on a new grant we have for first time homebuyers. I have put the details below but please call us if you know any first-time homebuyers in the market right now.
$5,250 towards down payment or closing cost and $500 appraisal credit for properties in certain census tracts.
Qualification is based on the buyer's current address, not the property they are buying. The address must be in an eligible census tract designated by Fannie Mae.
Atlanta – Sandy Springs – Roswell, GA area is one of the six areas that may qualify. Please note, not all addresses qualify.
At least one borrower on the application must be a first-time homebuyer.
No income limits. This is huge as most grants have income caps.
Stewart Sadler - Highest Mortgage Rates in More Than a Month, But There Are Silver Linings (mortgageratesweekly.com)
Stewart Sadler
Managing Partner
Cornerstone Mortgage Group
Georgia Residential Mortgage Licensee: 21412 • Company NMLS: 147913 • Individual NMLS: 147938
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