First-time homebuyers could get $50,000 under new bill

There’s a new bill on the table that could be a game changer for first-time homebuyers: it proposes up to $50,000 in federal matching funds for down payments, using a 5-to-1 match. To qualify, buyers would need to complete counseling and focus on homes at or below the local median price. While some critics worry this move could impact home prices without addressing inventory, it’s an important development for those eager to enter the market. As someone who helps guide clients through every step of the home financing process, I always pay close attention to programs like these that could open new doors for buyers. Staying informed about your options can make all the difference as you work toward homeownership.