There are a number of non-profit organizations that provide grants to homeowners to pay for down payments and closing costs for buying a new home. These grants normally range from 2% to 5% of the purchase price of the home. These non-profits obtain their money from mortgage lenders and sellers. Housing regulations prevent sellers or lenders to give down payment money directly to buyers. More than 15,000 buyers a month receive grants through this program. To learn more about how this gift-assisted sale works, contact the national association of these organizations called Homeownership Alliance of Nonprofit Down Payment Providers, at 301-941-1907, or web.
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Monday, September 17, 2007
$$$$$ To Pay Off Federally Insured Student Loans
The U.S. Federal Government has established a student loan repayment program which authorizes agencies to repay certain types of federally insured student loans as a recruitment or retention incentive for highly qualified personnel. If you qualify, an agency may agree to provide student loan repayment benefits of up to $10,000 per calendar year, subject to a cumulative maximum of $60,000 per employee. For more information contact The Office of Personnel Management, 1900 E Streets NW, Washington, DC 20415-1000; (202) 606-1800, TTY (202) 606-2532
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