Attention: You are now leaving the Elites Trust Online website.
Introducing Our Homebuyer Grant Program
Introducing Our Homebuyer Grant Program
We want to help make your dream of homeownership a reality. If the down payment is the only thing standing between you and your own home, we may have a tool for you. We’ve partnered with local nonprofits to offer the Homebuyer Grant Program to help first-time homebuyers overcome the challenge of covering a down payment. This program can offer up to $2,000 to qualifying borrowers purchasing a home as their primary residence and can be paired with federal, state, and local grants or loans. If purchasing a home seems out of reach because of the down payment, we’ve got a solution for you.
To qualify, homebuyers must:
- Be applying for your first mortgage
- Have an annual household income at or below 80% of the HUD median income of the county in which the property is located, adjusted for household size
- Contribute at least $1,000 from personal funds toward the purchase of your home
- Complete an approved homebuyer counseling program
- Be applying for a minimum five-year loan term and, on adjustable rate mortgages, an initial interest rate lock period of five years minimum
SEE OUR NON PROFIT PARTNERS IN YOUR AREA:
Mortgage Lending is provided through our affiliate Elites Trust Online Mortgage. Elites Trust Online Mortgage is a division of Barrington Bank and Trust N.A. NMLS # 449042
