by Jeff Ragan
I know you heard about home buyer grants before. The problem; you just don’t know where to find them. Am I correct?
You heard there are first time home buyer grants but just cannot seem to find that free money people have talked about on TV or you heard about from a co-worker. You can stop looking right now. You found FREE MONEY right here at this website.
By reading this page and following some of the links at the bottom, I promise to guide you to the promise land.
First let me tell you a brief story. By now I hope you have browsed my website some. The entire site is designed to help you the first time home buyer through the complicated home buying process. I try to hold your hand and walk you through this.
Ok, so let's get started.
Back when I was in the mortgage business, I had a young couple come to me that wanted to buy their first home. I loved working with first time home buyers.
I enjoy helping them discover ways that they can buy a home. Many times I had clients that did not think it was possible. Yet together we did it! I have helped hundreds of people become proud home owners.
This young couple had decent credit. They also had at least 2 years on their jobs. The only problem was, they did not have any down payment money.
The lady ask me about first time home buyer grants. I told them I knew about down payment assistance programs (read more about this using the link below) but I had yet to find any real grant money. You know the kind you do not have to pay back.
So I told them, just give me some time and let me see what I can find out. So I went searching first time home buyer grants and I was shocked to discover that there was FREE grant money right in our own city. Lot’s of it!! I learned that each year the Federal Government would send a certain amount of funds into each state and local community.If you are looking for lenders who work well with first time home buyer home grants, has helped millions of folks.
This was truly free grant money. It was just for first time home buyers. Man was I excited. I couldn’t wait to share what I learned with my clients.
Would you like to locate first time home buyer grants in your local community? I thought so. Please keep reading and I will show you how to find grants for buying a home that are right under your very nose.
I helped this couple get almost $5,000 in real grant money. They did not have to pay it back as long as they complied with the conditions laid out by the government guidelines. It was not really that hard to get the money, but they did have to qualify. The conditions that needed to be met in order to get and keep the money were not bad at all.
The only problem I found was that the real estate agent was not patient and did not want to wait. They seem to just want a commission and not allow time for you to find places that have first time home buyer grants.
It takes a little time. But we put him on hold while I got the clients qualified. As any good loan officer should do for you. On another page on this website I help you know how to pick a good loan officer. This is very important.
First let me say that home grants come in many shapes and sizes.
So what are first time home buyer grants? Well in a sense it is a gift of money. It does come with a little catch though. I can hear you now, “I knew it! It’s just too good to be true, I can never get one of these!” Well first of all relax. Yes you can, but you have to meet the guidelines of the grant program.
Each year the Federal Government sends funds (billions every year) to HUD approved counseling agencies. Each agency has to become qualified to sponsor workshops that first time home buyers have to go through. In most cases, these same agencies have other kinds of Federal, state and local grant money as well.
That is why many real estate agents and loan officers get impatient and do not want to help you find these agencies. Mainly because finding them is one thing, then you have to wait until they have the workshop that you must attend. It varies from agency to agency when they do workshops, but hey, if you can get a few thousand dollars of FREE money are you willing to wait? I thought so!
It also varies how much grant money is available to each agency. As I mentioned, each year they receive funds. Once the money runs out, well you have to wait until the next year to get any of these first time home buyer grants.
So your timing is important. I suggest you do your homework here at this website right now and locate the agency in your area. Contact them to find out about any “Pre-purchase Homebuyer Education” workshops they may offer and the availability of funds.
Space would not allow me to share with you how each agency operates, but one thing I do know. They are out there and the money they get from the Federal Government is yours to pursue. But like any really worthwhile thing, you have to work for it.
Also, the amount of the grant can vary. So you just need to get with your local agency and talk with a counselor right away.
In almost all cases, you cannot have owned a home in the last 3 years. You need to have stable income for the past 2 years. Plus your credit must be in good shape. If you need to work on your credit, often times they have help available for you on this as well.
The best mortgage to use with first time home buyer grants is the FHA 203B or the FHA 203K. You will find other pages on this site that explain these programs too. So you need a loan officer and real estate agent that understand how these grants and loan programs work.
So would you like to learn more about how you can find the HUD approved agency in your area? If so, I urge you to use some of the links below. Each link will take you to other pages that describe first time home buyer grants and how you can find the agencies that have all the money.
Under the heading “Want To Learn More” just below, you can discover additional answers to your questions. I hope you find them helpful.
Also there is a great book I recommend you read. It’s called “Your First Home, The Smart Way To Get It And Keep It”. I own this book myself. Even though I’ve been in the mortgage business before, I read it to be sure it was worthwhile to suggest to my web visitors. I think you will find it helpful.If you want additional information on the process for first time home buyers and how to get access to the grants, the book Your First Home: The Smart Way to Get It and Keep It on the left is an excellent way to get started.
First time home buyer grants are much harder to find and may not be available in every community. You’ll need to search your local charities and government agencies to find out if they offer a grant for first time home buyers.
There's also information you can purchase on how to request a grant for first time home buyers. The above book gives tons of details on how to arrange that down payment.
Again, there are so many different ways to make this request. Knowing how is important. You have to say and do just the right things.
Want to understand why a person would even consider a home mortgage grant? 1st Time Home Buyer Grants gives a deeper understanding of these grants.
You may find this page on Free Government Grant Money helpful. It explains what you need to do to qualify for one of these grants.
Want to see what grants are available in your state? The page How to find grants in your state gives you specific instructions on how to locate them.
Even if you are looking for a grant for home repair this is not impossible. Would you like to find these grants? Read the page Are There Real Government Grants for Home Repair?
Find some cool HUD agencies and their programs available in your area at First Time Homebuyer Grants List by States.
In order to understand how down payment assistance programs work, read the page Down Payment Assistance for First Time Home Buyers - How Can This Help You?