No interest, no payback. This is a true gift for buying a home.
Here are the guidelines:
- Available in all 50 states. The home does not need to be inside the boundaries of the Chicksaw.
- Any loan type: FHA, VA, USDA, conventional.
- As long as you meet the credit, income, and other requirements for the loan type you want, you qualify for the grant. However, some lenders have overlays. For example, Envoy Mortgage requires a 640 credit score.
- Owner occupied homes only, cannot be used for a rental property.
Simply show your Chicksaw Citizenship card when you apply for your mortgage pre-approval. Your loan officer will process the grant for you.
If you know a Chicksaw member, pass this great news on to them. I will post about other grant money in the future, so feel free to subscribe to the blog.