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BAMM PROGRAM
We created this grant program to help families and individuals invest in their future by purchasing a house.
The BAMM program was designed to make it possible for buyers to afford their monthly expenses associated with homeownership.
The money being saved each month can be used to create financial security.
Instead of trying to adjust to the new mortgage payment your client can focus on paying off debt, investing in their future, or paying down their existing mortgage debt while taking advantage of the tax benefits of being a homeowner. MARPA does not give tax advice and your client should consult with their CPA or tax advisor.
With increasing mortgage rates and Real Estate prices, this grant program may be a very essential tool to aid your client in becoming a homeowner.
Available Grant Programs
|
Level
|
Monthly Subsidy
|
Term of Grant
(months)
|
Total of Grant
|
+
|
Admin Fee
|
=
|
Total Seller
Contibution
|
|
1
|
$250
|
24
|
$6,000
|
+
|
$1,000
|
=
|
$7,000
|
|
2
|
$500
|
24
|
$12,000
|
+
|
$1,750
|
=
|
$13,750
|
|
3
|
$750
|
24
|
$18,000
|
+
|
$1,750
|
=
|
$19,750
|
|
4
|
$1,000
|
24
|
$24,000
|
+
|
$1,750
|
=
|
$25,750
|
|
5
|
$500
|
36
|
$18,000
|
+
|
$2,250
|
=
|
$20,250
|
|
6
|
$750
|
36
|
$27,000
|
+
|
$2,250
|
=
|
$29,250
|
|
7
|
$1,000
|
36
|
$36,000
|
+
|
$2,250
|
=
|
$38,250
|
|
