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Grants for First Time Home Buyers - Home Buyer's Best Friend

Are you looking to purchase your first home but don't have the funds for it? Don't worry, there are many grants and programs available to help you get into homeownership.

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Grants for First Time Home Buyers - Home Buyer's Best Friend

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  1. GRANTS FOR FIRST TIME HOME BUYERS

  2. Are you looking to buy your first home? If so, you're in luck! There are many grants and programs available to help you make your dream a reality. In this Presentation, we'll outline some of the best grants for first time home buyers and tell you how to apply.

  3. 1. Federal Housing Administration (FHA) - The FHA provides low interest mortgages to qualified borrowers. To be eligible for an FHA loan, you must meet certain requirements, including having a good credit history and being able to afford the monthly payments.

  4. 2.VA Home Loan Program - The VA offers loans to military veterans and their spouses. To be eligible, you must have served at least 90 days on active duty in the last three years, be discharged or released from military service within 12 months of applying for the loan, and meet other eligibility requirements.

  5. 3. USDA Rural Development - The USDA Rural Development provides loans to rural communities for housing, business development, agricultural projects, and more. To be eligible, your community must have a population of less than 20,000 people and an unemployment rate that is above the national average.

  6. 4. Habitat For Humanity - Habitat For Humanity helps low-income families purchase homes through affordable down payments and construction assistance. You can join as a member or donate money to support their cause.

  7. How to Apply for a Grant for First Time Home Buyers? If you're a first-time home buyer, there are grants available to help you get started. The government offers a variety of grant programs, including the Federal Home Loan Bank of San Francisco's (FHLBSF) New Buyer's Program and the Department of Housing and Urban Development's (HUD) HOME program. To qualify for a grant, you must meet certain criteria, including being an individual who is not already owning a home or living in your own home free and clear. You must also have no outstanding debts or credit problems. You also need to be able to afford the monthly payments on your mortgage.

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