first time home buyer – owner loan

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First Time Home Buyers Grant

Austin Warty asked:


Wondering where to get your first time home buyers grant? This is money that as an American citizen you can claim in order to help you with the purchase of your new home. It doesn’t matter if you have good credit or bad credit, a high income or a low income. As long as you are at least 18 years old and a US citizen, you can submit a grant application and potentially receive thousands of dollars in free money through a first time home buyers grant program.

First time home buyer grants are typically provided by local and state governments as a way to encourage people to purchase real estate. Especially in a down or stagnant real estate market, the government tends to provide many advantages to those who are willing to purchase a new home. This money can often be used as a down payment fund on your new house, it may be used for closing costs, and many times you can even use the money to rehabilitate or improve your new home.

Once obtained, your first time home buyers grant will never have to be paid back. That’s what makes them uniquely different from loans. As long as you use the money for the purpose the grant terms required, then you get to use the money and never pay it back.

Just search the grant database for the hundreds of grants that are available to American citizens, and submit your application. If you see multiple grants that you qualify for, it’s okay to ask for multiple grants. There’s no limit on the number of grants you can apply for and receive.

Click to Get First Time Home Buyer Grants

Mary
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Posted March 26th, 2009 in Real Estate No Comments »

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