First-Time Military Buyers Can Also Get $5000 For Alexandria VA Homes
Military homebuyers have the privilege of purchasing a home with a VA loan in Alexandria VA. This provides the opportunity to purchase a home with no down payment. VA home buyers can request that sellers pay their closing costs. However, in cases where the seller is unable or unwilling to pay for the buyer’s closing costs, this can prevent closing from taking place putting the brakes on your Alexandria VA home purchase.
There is a $5,000 grant that is making it easier for first-time military homebuyers to purchase a home. As reported from Realtor.org, active duty personnel, veterans, retured members of the military, and employees of the U.S. Department of Homeland Security and the Department of Defence are eligible to apply for up to $5000 in down payment and closing costs in the purchase of a first home. The national nonprofit Pentagon Federal Credit Union Foundation is offering the assistance through its Dream Makers program and says the grants can be applied to a mortgage from any financial institution and applicants do not have to be members of Pentagon Federal Credit Union to apply.
According to the Dream Makers program, you are a first-time home buyer if you have not owned a home in the last three years, or if you have lost your home through divorce or disaster.