first time home buyer – owner loan

June 4, 2009

Cash Grants for First Time Home Buyers

Greg Roy asked:


When was the last time somebody credible offered you thousands of dollars in free money? For most of us, that just doesn’t happen every day, or ever at all, for that matter.

However, if you are considering purchasing your first home, there are very credible sources that genuinely do want to give you thousands of dollars in free money.

Those sources are state and federal agencies, and the thousands of dollars of free money available comes to you in the form of a cash grant to help you buy your first home.

It is no secret that saving for a down payment and closing costs is the largest obstacle that first time home buyers must conquer. For millions of Americans, this obstacle is one that is nearly impossible to over come. After paying monthly rent, utilities, food, insurance, car payments, (as well as the high price of gasoline), clothing, phone bills, day care for the children, and many more recurring monthly bills, there is virtually no money left to set aside to save for a down payment for a future first home.

The federal as well as state governments recognize this situation and have created special programs for the very purpose of giving away money to help people in need buy their first home.

A reasonable person might assume that as soon as the money is available at the respective agencies, it is completely given away within hours, if not, days. It seems entirely logical that on the day the money becomes available hundreds and hundreds of people would line up just as fans do on the day that U2 concert tickets go on sale.

A reasonable person would be wrong.

Each year, the majority of state agencies do not completely exhaust their funding. For fiscal year 2006, only two states had requests in excess of their budget and ran out of money in their programs. For the first time home buyer, this is very good news. It means that there is currently money available to help you buy your first home.

The primary reason that the funding isn’t exhausted every year is that the programs are not widely advertised. There are 3 ways you can learn about these programs: you can buy the information, you can contact your state representative, or you can go to a website that provides all the information for free.

Whatever method you choose, you stand to gain thousands of dollars in free cash assistance towards the purchase of your first home. Choose one method and take action. Today could be one of those very rare days that a credible source offers you thousands of dollars in free cash.



Jean

March 26, 2009

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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