President Biden's $25,000 Home Buyer Grant Program || Program Explained For First-Time Homebuyers

President Biden's $25,000 Home Buyer Grant Program || Program Explained For First-Time Homebuyers

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Marcia Melendez Realtor Channel is updated with a new video. This video is
about President Biden's $25,000 Home Buyer Grant Program.

About This Video: In this video, I explain First-time homebuyers wondering if Biden will pass the first-time homebuyer tax credit 2021? In this video, we discuss the Down Payment Toward Equity Act of 2021, which provides $25,000 to first-time home buyers. The grant's eligibility requirements, the likelihood of passing, and how it could affect the housing market are discussed.

Bidens 15000 first-time homebuyers tax credit and the down payment towards equity act of 2021. A Second Time Home Buyer Program of $25,000 has been proposed by the Biden administration in order to help first-time homebuyers achieve homeownership. By making homeownership a reality for historically underserved groups, President Biden's grant could transform lives.

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[ashleyguzman]

I love how you explain things straight forward. I'm glad I found your channel. Thumbs up 👍 and you got a new subscriber, i hope it passes . 🙏

[chiemelie]

There is a lot for people to disagree about, however, you did an amazing job explaining this. Thank you.

[michellekahn]

When will it pass and be a law not a bill :)

[froilanedelizadelossantos]

So there’s $15k first time buyer tax credit plus the up to $25k down payment asssitance program to whoever qualifies? And it will be applied both of them to the purchase of the house ??

[carlzobel]

Kamala Harris’ $25, 000 Homebuyer Program:
The implementation of Harris’ down payment assistance program raises several logistical questions that remain unanswered. For instance:

Eligibility: Who specifically qualifies for this financial aid? Will the program be tied to income levels or geographic regions?
Disbursement: How will the assistance funds be distributed? Will it be a direct tax credit, or will it work differently?
Impact on Immigrants: Could potential citizenship requirements exclude undocumented individuals from accessing these funds, given existing barriers to home financing?

[tobiehead]

Does this apply to people who plan to build their own home? Can a usda grant be ueed instead of freddie mac or fanny mae?

[kimw]

Has this tax credit was included in the bill passed today

[reneespericueta]

could you be eligible for both the grant and tax credit