PEOPLE LOOKING TO BUY A HOME CAN GET SOME EXTRA FINANCIAL ASSISTANCE IN GEORGIA.
The Vine City Renaissance Initiative offers p to $10,000 in the form of a forgivable grant.
The money will go to the down payment and/or closing costs if the funds permit, according to Invest Atlanta.
Borrowers must plan to stay in the home for at least five years to participate, which is when the grant is forgiven.
This incentive can be used with a home renovation mortgage loan as well.
Participants must be able to qualify got a 30-year fixed-rate FHA, VA or conventional mortgage loan and attend a renovation education course.
THE FINE DETAILS
Only homes inside Vine City, which is in Atlanta, will qualify for the incentive.
Single-family detached homes, two to four-unit townhomes, condominiums and newly constructed propers will all be eligible.
There is no price cap for the property in order to participate, but there are the following income limits:
- one-person household, $94,500
- two-person household, $108,080
- three-person household, $121,520
- four-person household, $134,800
- five-person household, $145,880
It’s also important to note there is a $1,000 program fee.
MORE FINANCIAL HELP ACROSS THE COUNTRY
In Montana, residents could see as much as $2,000 in the form of property tax rebates.
The payments would be funded by the state’s $2.4billion surplus.
If passed, this would be the largest state-administered tax rebate in the country, according to the governor.
In New Jersey, the Affordable NJ Communities for Homeowners & Renters (ANCHOR) program is offering over 1.2million residents as much as $1,500.
Homeowners will receive the full amount while renters will see $450 payments.
The deadline for the program has been extended until February 28, 2023, and applications may be submitted online, by phone, or by mail.
See the deadline to apply for payments between $300 and $1,400.
Plus, see the rebates each state is offering for buying electric vehicles.