Military and Veteran 1st time homebuyers may qualify for $5000 grant

Active duty military personnel and veterans may qualify for a grant of up to $5000 towards down payment and closing costs on their first home. The Dream Makers program is provided by the Pentagon Federal Credit Union, but the grants are available to non PenFed members and may be aaplied to a mortgage from any financial institution.

Additional information is available on PenFed's website.

According to information on the website, you are eligible for a grant if:

1. You're Military (Active Duty, Reserve, National Guard or Veteran), a Department of Defense employee or a Department of Homeland Security employee. 
2. 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. 
3. 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