The more money you save, the bigger grant you can get
For many people, saving enough money to buy a home seems like a tall order. But grants provided by Federal Home Loan banks can help you reach your goal. The Workforce Initiative Subsidy for Homeownership (WISH) provides grants of up to $29,172 for low- and moderate-income families and individuals to purchase a primary residence.
- For first-time homebuyers or those who have not owned a home for previous three years
- Applicants must meet income eligibility guidelines
- Financial assistance of up to $4 for every $1 the homebuyer contributes
- Borrower must occupy the property as primary residence
- Borrower must complete an approved homeownership education course
- Single-family detached homes, condominiums, and townhomes are eligible
- Knowledgeable Premier America lenders can offer more details and guide you through the application process
The WISH program provides up to $4 in grant money for every $1 you save to buy your new house. That adds up fast, as $5,000 in savings can unlock $20,000 in grants.
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Disclosures
*WISH Grants are only available to qualified borrowers. Enrollment in the WISH program does not guarantee receipt of funds.