Are you considering the purchase of a home in New York? Purchasing a home in any state is an exciting prospect!
Before we get to the topic of 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.
"The first railroad in America ran between Albany and Schenectady, a distance of 11 miles."Sounds like a good place to put down some roots! Rip Van Winkle, Uncle Sam and the first railroad…That's certainly a combination to tax the imagination!
If New York is your choice, read on for information related to the New York first time home buyer grants program.
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.
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.
Lastly, if you would like to leave New York First Time Home Buyer Grants and return to our First Time Home Buyer Grants main page, click here.
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!!
