The City of West Palm Beach has an exciting grant opportunity for people interested in buying a new Townhome!

The Housing Community Development has partnered with the developer to provide a valuable incentive opportunity for the purchase of new construction townhouses, lovely 3 bedrooms, 2.5 baths, located in the western part of the City.

Income eligible buyers may qualify for up to $20,000 in down payment assistance with the closing cost paid by the seller. 

GRANTS UP TO $20k
First Time Homebuyer Only Yes
Credit Score Required No
Eligible loan types FHA, VA, CONV
Eligible housing types Single Family, Condominium, Town House

How do I apply?

Current MortgageGrants.com members with the active plans for Palm Beach County or West Palm Beach city:

  1. Log in to your account.  
  2. Access the grant details here.

Non-member visitors:

  1. Register your account. 
  2. Purchase a Membership.
  3. View Grant.

What is a Home Buyer Grant?

It is a program in the form of financial aid that’s designed to reduce or eliminate the down payment that you usually need to submit when taking out a mortgage to purchase a house. There is a reason for the First-Time Home Buyer grants. For instance, if a city is looking to revitalize a neighborhood, they will offer grant funding targeting that area. Also, Home Owners stimulate the local economy with paid property taxes and increase the property values with well-maintained homes.  There is a benefit for offering such opportunities to those who qualify.

Another key aspect of First-Time Home Buyer Grants is the understanding that the grants allow clients to “Buy Up.” For an example: Sarah, a waitress and single mother of one child, prequalifies for $145,000 loan. She is looking to move to West Palm Beach, FL. She is eligible for both the City of West Palm Beach’s $50,000 First-Time Home Buyer Grant and the Palm Beach County’s $40,000 First-Time Home Buyer Grant. It is well worth the invest to learn more. 

Are there any other Down Payment Assistance Programs in West Palm Beach?

Yes. You can browse all available grants.

Browse Grants in Palm Beach Area

 

 

 

 

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