Making Homes More Affordable for Military Families
The Pentagon Federal Credit Union Foundation, , a non-profit organization that helps meet the needs of military personnel and their families, has developed the Dream Makers Program to offer financial aid to first-time military home buyers.
The $5,000 grant, which can be used towards down-payments and closing costs on the home, is available for active duty personnel, veterans and retired military members, as well as employees of the U.S. Department of Defense and the Department of Homeland Security.
The program ensures that the people who have helped serve our country, past or present, now have help in buying their first home.
The foundation has had fewer veterans apply for the grant in recent years, due to the economy and lack of awareness about the program. They have made it their mission to make sure as many active duty members and veterans know about the Dream Makers Program as possible. Please share this with anyone you know who may be eligible.
This program is a great service for our nation’s military personnel who are finally able to purchase a home and settle down.
.Find out more here www.PentagonFoundation.org
Applying for a Dream Makers Grant
You don’t have to be a Pentagon Federal Credit Union member to benefit from Dream Makers, and you can apply the grant to a mortgage from any financial institution.
How Do I Qualify?
You’re eligible for a Dream Makers grant if:
- You’re Military (Active Duty, Reserve, National Guard or Veteran), a Department of Defense employee or a Department of Homeland Security employee.
- You’re a first-time home buyer, or you have not owned a home for the last three years, or you have lost your home through divorce or disaster.
- The gross household income, including allowances, that you use to qualify for your mortgage loan is:
- A maximum of $55,000 per year, or
- A maximum of 80% of your community’s median income based on your family size
Click here to determine your community’s median income based on family size.
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