First Time Home Buyer Grants

by Jeff Ragan

Arkansas First Time Home Buyer Grants may be the way to your own front door! Find important information on how to obtain such grants for home buying and other assistance programs available below.

You may feel ready to get a mortgage that works with the grant programs described here.

With so many lenders, you want to be sure and select the right one. has been most helpful to many people like you. Just be sure to ask for the FHA 203b home loan.

FHA seems to be the home loan that works best with most of the assistance programs you find.

Purchasing a home in any state is an exciting prospect! Exciting and sometimes overwhelming!

However, don't let yourself become buried with the process. It is my plan to give you some useful information in this article about home mortgage grants which will help you along the way.

Grant money is like receiving a house made of dollar bills. Quite a useful treasure!

arkansas first time home buyer grants

Arkansas Grants for Home Buying

To begin with, the State of Arkansas does offer an Arkansas first time home buyer grant program for its residents.

This is good news because not all states are able to offer assistance to first time home buyers. The state agency which maintains Arkansas's first time home buyer grant program is the Arkansas Development Finance Authority.

Arkansas presently offers only one type of grant - the Downpayment Assistance Program. The amount of your income will determine if you qualify and for how much. Currently, those residents who qualify can receive anywhere from $1,000 to $3,000.

You should visit Arkansas Development Finance Authority to determine if you qualify for this grant.

Other Useful Programs

There are other programs that may help you buy a home in Arkansas. The HomeToOwn Program is designed to help first time home buyers that qualify to get low interest rates.

Other one is called the HOME Program. These funds can be used for qualifying home buyers in a purchase of a home or improve an existing home.

Every program has their own qualifications, so be sure to review those requirements before applying. Be sure to click on the above link to the Arkansas Development Finance Authority to review each programs requirements.

Federal Home Mortgage Grants

In addition, the federal government offers grant assistance for first time home buyers in Arkansas. This program is maintained by the United States Department of Housing and Urban Development and is called the Homes and Communities program.

Their website contains useful information and applications. The website for the grant program maintained by the United States Department of Housing and Urban Development can be visited by using this link, HUD Grant Information.

Additional Home Buying Grants

Another website I would recommend that you view is Government Grants. This website offers a list of all federal government grant programs. It would be a good idea to take some time and browse through this site to see what it offers and the qualifications for application.

Now you know about assistance programs for your state. You still need a mortgage that works with them. Finding a lender who understands your needs can be difficult.

FHA is designed for the needs of new buyers. Would you like to see if you qualify? . They have helped millions of people like you qualify to buy their first house.

If you need help estimating your mortgage closing costs, check out this FREE closing costs calculator by clicking here.

More Arkansas First Time Home Buyer Grants Support

Thank you for visiting our website for first time home buyers. Below you'll find more information to help you with grants for housing.

Click here for additional information on Arkansas First Time Home Buyer Grants.

This link will take you to the HUD website and you will see a map of the USA. Click on your state and then you'll find a list of the local counseling agencies in your own area.

Please tell others about this FREE information. Everybody else on the web charges for this kind of stuff!!

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Happy House Hunting!!

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