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Feds Give $25,000 Down Payment on Your First House

Biden administration proposes a $25,000 down payment assistance grant for first-time home buyers.

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4 years ago

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2021 has been an interesting year so far for the real estate market. Clearly, it’s a seller’s market as property prices continue to skyrocket across the nation as inventory become scarce and droves of people migrate from densely populated cities in the North East and West Coast to Southern and Mid-West regions. The Feds are also noticing this shift and are proposing a $25,000 grant for first-time homebuyers to use as a down payment.

Say what you will, but I think that’s pretty awesome and will be a major help for some people that’s always wanted to own their own house for quite some time but never had the money to put a 10-20% down payment. Let’s learn more about how this Federal grant/credit would work.

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