New York First Time Home Buyer Grants

Find New York first time home buyer grants here!!! A complete list of first time home buyer grants New York and other home mortgage grants to help you buy that first home.

Are you considering the purchase of a home in New York? Purchasing a home in any state is an exciting prospect!

Home Mortgage Grants are like receiving a package wrapped with money.

Before we get to the topic of New York first time home buyer grants, I would like to give you some fun facts about your chosen state. (If you are relatively new to New York, I don't want you to look too much like a tourist!) These facts were obtained from the State of New York's official website.

• New York has 62 counties, 62 cities, 553 villages and 932 towns.

• There are four (4) mountain ranges in New York: Adirondack, Catskill, Shawangunk and Taconic. Furthermore, The Catskills are the home of the legend of Rip Van Winkle.

• Mount Marcy is the highest point in New York at 5,344 feet above sea level.

• "'Uncle Sam' was a meatpacker from Troy, New York. During the War of 1812, Sam Wilson stamped 'U.S. Beef' on his products and soldiers interpreted that as Uncle Sam. His caricature later came to personify the United States. His gravesite is located in Oakwood Cemetery in Troy."

• "The first railroad in America ran between Albany and Schenectady, a distance of 11 miles."

• Home of "Grand Canyon of the East" and several wineries.

If New York is your choice, read on for information related to the New York first time home buyer grants program.

First Time Home Buyer Grants New York

To begin with, the State of New York does offer a New York 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 this program for New York is the New York State Housing Finance Agency. According to the website mentioned below, "There is a very helpful first time home buyer grant available, but it starts as a loan and turns into a grant.

The loan does not require payments and is completely forgiven after a period of time. This amounts to a free gift of money, in essence a grant. You can receive up to 5% of the first mortgage amount." You should visit this program's website by clicking here to determine your eligibility.

Other Home Mortgage Grants

In addition, the federal government offers grant assistance for first time home buyers in New York. 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.

Another website I would recommend that you visit is the one for 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.

Don't forget the importance of your credit score. Even if you qualify for a grant, you still have to qualify for a loan. See my information on credit repair made easy if you need help.

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Click here for additional information on New York 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.

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Happy House Hunting!!