Free Money for Your Next Home? Snag $20K—Even If You’ve Bought Before

Thinking about buying your next home? This $20,000 grant could be the boost you need to make your move sooner than expected. Whether you’re a first-time buyer or a current homeowner looking to upgrade, this program can help ease the financial burden and turn your homeownership goals into reality.

How the $20,000 Grant Works

Many grants are designed for first-time buyers, but this one is different. Even if you’ve owned a home before, you may still qualify! If you meet the eligibility criteria, you could receive up to $20,000 to put toward your down payment, closing costs, or lowering your interest rate. That kind of financial assistance can make a major impact, reducing upfront costs and making homeownership more accessible.

Here’s the best part: With as little as 3% down, no private mortgage insurance (PMI), and interest rates potentially starting as low as 5.75%, this grant makes homeownership more affordable than you might think.

Who Qualifies for This Grant?

If you’re considering buying a home in New York City, Westchester, or Long Island, this grant could be an option for you. Here are the key eligibility factors:

• Income Limits – You may qualify if your family income is within the program’s cap, which can go up to $468,000 (that’s not at typo, you read that right!) depending on the location.
• Location – The grant is available for homes in select areas of New York City, Westchester, and Long Island.
• Credit Score – Credit score requirements apply, but don’t worry if yours needs improvement. I work with a trusted credit repair specialist who can help boost your score.

Why This Grant is a Game Changer for Repeat Buyers

Worried about giving up your current mortgage rate? This grant can help you transition into your next home while keeping your monthly payment manageable. If you’ve built up equity in your current home, this funding can provide additional financial flexibility, allowing you to move up without overstretching your budget. It’s all about timing your transactions right so you can make the most of the grant. I can help you do that.

Not Eligible for the $20,000 Grant? No Problem!

If you don’t meet the criteria for this particular grant, don’t stress—there are still plenty of ways to make your next home more affordable. Special incentives exist for veterans, teachers, police officers, doctors, nurses, and lawyers, they can give you a financial boost, making homeownership easier to reach. Plus, there are other down payment assistance programs, lower-rate loans, and first-time homebuyer options that may work for you.

Let’s Make Your Homeownership Dreams a Reality

If you’re planning to buy a home, let’s discuss whether this grant is a fit for you. Even if you’ve owned a home before, you might still qualify for this financial assistance. Reach out, and I’ll help you navigate the process and connect you with a lender to explore your options. Don’t miss out—email me at amanda@nestrealestatequeens.com to get started today!