Eligible first-time homebuyers can receive up to $7,000 in lender credits to help reduce upfront homebuying costs. Use the calculator below to estimate your potential savings based on your expected loan amount.
The Purchase Plus Grant is a special-purpose credit program designed to make homeownership more affordable for first-time buyers in select metro areas.
It provides a base credit of $4,500, plus an additional 1% of your loan amount—up to $2,500—to use toward your closing costs. That’s up to $7,000 in total savings when buying a home.
This tool helps you estimate how much grant money you could receive based on your loan amount. It’s quick, simple, and a great first step toward buying your home.
Now that you know how much you could receive through the Purchase Plus Grant, it’s time to take the next step.
The grant is only available in specific locations and under certain conditions—so confirming your eligibility early is key.
We can help you:
Check if your current address qualifies.
Understand the homebuyer education requirement.
Connect with an approved lender offering the grant.
Don’t miss out on thousands in potential savings. The sooner you start, the closer you are to owning your first home.
For many first-time buyers, upfront costs are the biggest barrier to homeownership.
The Purchase Plus Grant was created to help bridge that gap—especially in communities that have historically faced more challenges accessing home financing.
Whether you’re early in your home search or already talking to lenders, this program can make a real difference.
Every dollar you save on closing costs is a dollar you can keep for moving expenses, home improvements, or just peace of mind.
The Purchase Plus Grant provides up to $7,000 in lender credits—this includes a $4,500 base grant and up to $2,500 more based on 1% of your loan amount.
No, the Purchase Plus Grant does not need to be repaid. It is applied as a lender credit at closing.
To qualify for the Purchase Plus Grant, you must be a first-time homebuyer, live in an eligible metro area, and meet minimum credit and debt-to-income requirements.
Yes, you can purchase a home anywhere in the U.S., but you must currently live in one of the eligible metro areas to receive the Purchase Plus Grant.
The Purchase Plus Grant must be used with a 30-year fixed conventional loan from a participating lender.
A first-time homebuyer is defined as someone who has not owned a home in the last three years.
The Purchase Plus Grant does not have a strict income cap, but the grant amount may vary based on your income level relative to area median income (AMI).
You can check if your current address qualifies for the Purchase Plus Grant by verifying that it is located in an eligible census tract within a participating metro area.
Yes, a one-on-one homebuyer education course is required to receive the Purchase Plus Grant.
Yes, the Purchase Plus Grant can sometimes be combined with other homebuyer assistance programs, depending on lender policies and eligibility rules.
