Purchase Plus Grant

What Is the Purchase Plus Grant?

The Purchase Plus Grant is a special homebuyer program that offers up to $7,500 in lender credits to help cover your closing costs. It’s available to first-time buyers purchasing a home in select areas across the U.S. The goal is to make homeownership more accessible—especially for those in underserved communities. We’ll help you understand the requirements, check your eligibility, and take the right steps to apply.

Who Qualifies for the Purchase Plus Grant?

To be eligible, you’ll need to meet the following requirements: Be a first-time homebuyer: You must not have owned a home in the last 3 years. Buy a primary residence: The grant only applies to homes you plan to live in—not investment properties. Purchase in a qualifying area: Eligible homes must be located in specific census tracts within select cities.

Where Is the Purchase Plus Grant Available?

The Purchase Plus Grant is currently available in select neighborhoods within six major metropolitan areas. Eligibility is based on specific census tracts—targeted locations where this program can make the biggest impact. Eligible metro areas include: Atlanta, GA Baltimore, MD Chicago, IL Detroit, MI Memphis, TN Philadelphia, PA We’ll help you check if a specific address or neighborhood qualifies.

How to Use the Purchase Plus Grant?

Getting started with the Purchase Plus Grant is easier than you think. Here’s how the process works: Check eligibility – Confirm you’re a first-time buyer and your home is in a qualifying area. Take a homebuyer education course – A short, one-on-one session helps prepare you for success. Apply for a qualifying loan – Use a conventional purchase loan with an approved lender.