New homebuyers would get tons of cash under plans from Biden and his party – Yahoo Finance
New homebuyers would get tons of cash under plans from Biden and his partyOne of President Joe Biden’s campaign proposals was a $15,000 incentive to help first-time homebuyers achieve the American Dream. His Democratic party allies have taken that proposal and are running with it.
Lawmakers recently introduced a pair of bills that could result in as much as $25,000 in down payment assistance and a new tax credit of up to $15,000.
So if you’re still waiting on the sidelines of the housing market, these new proposals could provide the help you need to get in the game and take advantage of mortgage rates that are still among the lowest in history.
Boost your down payment with help from Uncle Sam
Smit / ShutterstockOne of the bills, which sponsors are calling "The Downpayment Toward Equi...