The grants for this program cannot exceed $5,000 and cannot be less than $1,000.  Funds may be used to provide financial assistance with down payments, appraisals, closing costs or any other fees associated with the purchase of a home.
	Home Buyer Assistance applications are considered on a first-come first-served basis.  Homebuyers must provide a letter of approval from a lending institution and a copy of their purchase agreement.
	Grantees must contribute a minimum of $500 of their own funds toward the purchase of a home under this program.  A current homeowners insurance policy in the amount necessary to cover the total loss of the property is required.  The grantee and the funding source must be named on the policy.
	Eligible participants may combine funds from this program with other types of private or public mortgage financing, FHA, VA, or FmHA.  Homes currently being purchased under a land contract will be considered for this program if the funds are used to convert land contract agreements to traditional mortgages.