Buying a home is truly one of the largest parts of the American dream. The advantages of home ownership are too numerous to list. One of the best parts is that the money that would be spent on rent and gone can now be spent on something that is owned and will be around for years to come. Yet, for many, the dream of home ownership seems to be just out of reach. Most do not realize that the government has a grant program to help them out. The first thing a person should know is that the government grants are only available for first time home buyers, or at least those who have not owned a home for at least three years. Second, there are two different types of grants available.
The paradise valley real estate assist you with a down payment and the other is a tax credit of up to eight thousand dollars that is refunded at the end of the year and the government grant home buyers. The original grant program for first time buyers has been around for quite some time getting little publicity. In most cases, a state agency oversees the grant program and establishes the criteria for qualification. Information about obtaining this grant in each state is available on the internet.
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