Can anyone give me any info on....?

Question

the government grant for first time home buyers that Pres. Bush passed in July of this year?

Answer 1

Any local mortgage company will take the time to tell you which parts apply to you.  The bill is 1,000 pages so you don't want to google it and read it.  /

Answer 2

yes it is available but you must share in the equity when you refinance or sell the home. It is a recapture clause that allows the government to get some of your cash. FHA still has Down payment assistance programs available if you can buy a house under  fair market at get the sellers to pay closing cost and prepaids