An exciting new grant called the Dream Makers program has been introduced that makes home ownership for first time Military buyers that much more realistic. Offered by the Pentagon Federal Credit Union, Active duty personnel, veterans, retired members of the military, and employees of the U.S. Department of Defense and the Department of Homeland Security may be eligible for a grant up to $5,000 to use on down payments and closing costs when buying their first home. The grants can be applied to a mortgage from any financial institution according to Realtor.com.
Kate Kohler, chief operating officer for the PenFed Foundation states that Members of the military often put off buying a home earlier in their careers because they're moving around the country a lot. We want to make sure they have resources to add immediate equity into their home when they decide to buy. Sounds like a pretty good deal to me. For more information on the program and eligibility requirements, click here.
Socials