New Hope For Home Buyers - 47 ABC - Delmarva's Choice

New Hope For Home Buyers

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SALISBURY, Md. - Closing costs can be a major hurdle for anyone looking to buy a new home, but thanks to a new grant, that may no longer be a concern for some Salisbury residents.

The Salisbury Neighborhood Housing Services just received an $82,500 grant that will allow the non-profit to help residents across the city afford to buy their own home.

Cheryl Meadows, Executive Director of the Salisbury Neighborhood Housing Services says a lot of people "may be making enough money to make a mortgage payment and still have a dream of becoming a home owner, but they don't have the cash saved up that they would need for closing costs," and these costs can be 5-6% of the total purchase price of a home.

With the grant, the non-profit can give a maximum of $8,300 to eligible applicants.

To learn more about the grant, visit www.salisburynhs.org or call 410-543-4626.


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