- 6 years ago
- Wedding: May 2014
I’m wondering if any NY/NJ Bees have any experience with the First Home Club (I think it only applies to NY/NJ) in which you set up a savings plan with your bank and then as long as you are income eligible, you receive a grant of $4 for every $1 saved (up to 7500) toward a down payment.
I am considering this because I am income eligible and will continue to be throughout the savings process (10-24 months, I’m leaning toward 10-12).
The tricky thing is that you have to get the mortgage through the bank that you do the club with, so I have to do research before signing up with a particular bank.