Grants for Grads

Full Article Here

I just read an interesting article (see link above) from the Columbus Dispatch talking about a grant program that helps recent college grads attain grants that help them buy a home.

• The home-buying program offers a grant worth up to 2.5 percent of the purchase price and a lower interest rate on a 30-year loan. To be eligible, applicants must have earned a college degree within the past 18 months and have graduated from an Ohio high school. The college degree can be anything from an associate to a graduate degree from a school inside or outside the state.
• Participants on average received $3,076 in down-payment assistance and paid $120,205 for their homes, she said.

• The agency currently is offering a 4.25 percent interest rate, which is up to half a percentage point lower than its other first-time home-buyers programs, he said. 

 The tools are out there, use them!