PEG FAQs for Homebuyers

Public Employee Homeownership Grant (PEG) Program: FAQs for Homebuyers

  1. Who is qualified to apply for the program?
  2. I’m qualified to apply! What are the terms of the loan?
  3. Is this actually a grant or a loan?
  1. I’ve submitted my complete application and all supporting documents. How long will it take before I know if I’m approved?
  2. What do you need from me to keep the application process moving as quickly as possible?
  3. Are there any other conditions for my acceptance of the loan?
  1. I read in the guidelines that there is a service fee of $200 required for the program. How do I get payment to the county?
  2. How soon can we go to settlement after approval?
  3. My lender said that I could possibly get my earnest money deposit back at closing. Is this allowed?