First Time Home Buyers Grant - Home Buyer’s Best Friend

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GRANTS FOR FIRST TIME HOME BUYERS
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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.
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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.
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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.
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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.
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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.
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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.