The Binghamton Homeownership Academy and Quaranta Housing Services proudly announce the availability of the next AHC FIRST TIME HOME BUYER GRANT! The grant provides up to $22,500 for down payment/closing costs and repair assistance!
In order to qualify for this grant, individuals must meet the minimum qualifications:
- Good credit
- Savings of at least $2,000
- Completed the academy’s First Time Homebuyer Education Course (next course begins in September - sign up now!)
- A desire and commitment to become a homeowner
- Household income does not exceed 112% of Area Median income
In calculating household income, add up all members of the household (including children), and sum up incomes of all individuals. The numbers below represent maximum amount of income allowed per household (for instance, a couple with two children is a household of four, and their combined incomes must not exceed $52,685):
- 1 member, $36,915 / 2 members, $42,202 / 3 members, $47,488
- 4 members, $52,685 / 5 members, $56,986 / 6 members, $61,197
- 7 members, $65,408 / 8 members, $69,619
I am a licensed Realtor and have used many types of financing associated with first time buyers when structuring a purchase. What is required to become a preferred provider? I attended a class last year at our GBAR office.
Jeanine, I will be offering the First Time Homebuyer Specialist 9 hr ce credit course in the first quarter of 2014. Stay tuned.
The online course is amazing. It can b done @ your leisure allowing you to get the best understanding of necessary information for first time homebuyers……