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what is a first home buyers grant ?Does anyone have any information on it?

April 26, 2017Buyers Home

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10 Posted

what is a first home buyers grant ?Does anyone have any information on it?

1 Answer

0

10 Posted

The first home buyers grant is a grant from a lender for first time home buyers. It has nothing to do with the federal home buyers tax credit from the IRS. It is a matched savings program. The program allows qualified first-time home buyers to earn $4 in grant monies for every $1 saved over a 10 to 24 month period. As a result, potential home owners can obtain a maximum grant of $7,500 for opening an account at HSBC Bank USA, National Association and saving$1,875 through regular monthly installments.