Each grant has their own requirements, and process for how buyers can apply. Most of these grants are designated for first time home-buyers who intend on purchasing a primary residence, and fall under a certain income bracket or specific townships or counties. Grants often come contingencies, mainly requiring that home-buyers live in the homes for a specific time frame, or the grants then become fully or partially payable back to the organization(s) who issued the grants.
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Senior Loan Officer
STERLING NATIONAL BANK
310 Crossways Park Drive
Woodbury, NY 11797