Grant Funds Open Front Doors For Homeowners

June 13, 2017

Buying your first home can be an overwhelming process. From translating all the paperwork to deciphering all the financial terms to saving enough money for the down payment and other fees, the stress—and the costs—start to add up.

The good news is that many first-time homebuyers are eligible for additional grants and programs to help smooth out the home buying experience. From grant funds that can be used as a down payment or closing cost to free grants that don’t need to be repaid, homebuyers have additional help available to make their dreams come true. “The most important thing for prospective and current homeowners to remember is that we’re here to answer questions and provide guidance,” said Darren Melstad, Security National Bank of South Dakota Mortgage Banker.

“There are many loan programs, and grants available, designed to make homeownership more accessible.”

From VA loans, which offer competitive rates and no-down payment options for eligible veterans, active duty personnel, and surviving spouses, to first-time homebuyer tax credits, which provide savings during tax time, these programs help homebuyers achieve the American Dream. “There are several opportunities to maximize the benefits of homeownership while reducing the financial and emotional investment,” adds Melstad.

When you are looking to purchase your first home, homeownership grants offer free peace of mind. Security National Bank of South Dakota can help you apply for additional funding as part of our lending services. Apply here to get pre-qualified for a loan or contact us to speak with an experienced member of our lending team.