by Jeff Ragan
A complete list of grants for home buying in New York and other home mortgage grants to help you buy that first house you will find below.
If you think you are ready, be sure to get a mortgage that works with the various grants for home buying out there.Chances are you will need an FHA loan so be sure to ask for one.
FHA seems to be the home loan that works best with most of the grant programs you find. Purchasing a home is an exciting prospect!
You're probably very excited! Everyone wants to eventually live in their own home. But you may feel some drawbacks as well. Don't let that stop you. I plan to give you useful useful information to help you with this beautiful step.
Home mortgage grants are like receiving a package wrapped with money. Since New York is your choice, read on for information related to the New York first time home buyer grants program.Get a 7-Day FREE trial with RealtyTrac! Find a foreclosed property now!
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 3% of the first mortgage amount. The program is called "Down Payment Assistance Loan" (DPAL). You should visit this program's website by clicking here to determine your eligibility.
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.Remember, you do need a lender who will work with any New York first time home buyer grants. Most likely you will be looking at the FHA loan products since they are the most flexible. Would you like to know where you stand in the qualification process? knows and understands how to match you up with the right lender.
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 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!!
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Jun 20, 14 05:06 PM
Hello, my name is Patricia G. I am very impressed with your website and your intelligence. Your willingness to educate and help home buyers is awesome.
May 26, 14 08:14 PM
Looking for first time home buyer grants state lists? Find the coolest list of agencies by state helping you locate down payment help for that first mortgage.
May 26, 14 03:23 PM
On May 22, 2014 the U.S Department of Housing and Urban Development (HUD) awarded some $40 million in housing counseling grants. This money was spread around to hundreds of HUD agencies around the country. First of all, $38 million will help support the housing counseling services. The other $2 million goes to three national organizations to train housing counselors who will receive the instruction and certification necessary to effectively assist families. The main idea of making this money available is to help families and individuals find housing and in some cases to prevent foreclosure for those already in a home. This money will not last long. It will help about 1.5 million households in 2014. HUD Secretary Shaun Donovan says, ““These grants are an essential tool to help families find suitable housing or to keep the homes they have.” When you take these funds and combine them with any local grant funds available, it offers help to many people wanting to buy a home. While the money is used mostly to help low to moderate income families, some people who are not first time home buyers may qualify also. Visit our webpage by clicking the link below for a complete list of each state approved agency. Watch the simple videos for explanation how to use the page then drill down and find your local agency.