Does anyone know any good first-time homeowners grants to apply for?

Answer 1

Check with Nehemiah Corp as they have first time homeowners grants http://www.getdownpayment.com/

The Housing and Urban Development in their Grants Available page makes it clear that they do not provide grants to individuals -- hence no grants for a person to buy a home http://www.hud.gov/grants/index.cfm

"While HUD does not offer direct grants or loans to individuals, we do work through local governments and non-profit organizations to make financial assistance and counseling available."

You can go to the Catalog of Federal Domestic Assistance (CFDA) http://www.cfda.gov and Grants.gov http://www.grants.gov - these are two FREE sites created by the federal government to provide transparency and information on grants. Browse through the listings and see if you can find any grant that would support your purposes.

Even if you buy books on "how to get grants" or list that supposedly has information on grants -- all of them are mere rehash of what CFDA has, albeit packaged differently.

Note though that these grants generally support non-profit organizations, intermediary lending institutions, and state and local governments. Most of the federal grants are given to specific target groups with specific requirements (e.g. minority business owners involved in transportation related contracts emanating from DOT - Grant#20.905 Disadvantaged Business Enterprises Short Term Lending Program. Individuals especially for personal purposes are not eligible for federal grants.

Grants are also often given to non profit groups or organizations involved in training or other similar activities (grant 59.043 Women's Business Ownership Assistance that are given to those who will create women's business center that will train women entrepreneurs

The government is NOT in the business of giving away free money for the sake of giving away money. Grants are free, but it means OBLIGATION. You will be obligated to do as the grant sets out to do. Grants have objectives, and your purpose must fit the objective of the grant.

For one, you have to write the grant application and the grant application is not a simple document - you have to explain how your purpose for applying for the grant fits well with the objectives set out by the grant. Grants have objectives, and the grant applications that best captures the grant's objectives are approved.

There is a stringent review process through a committee composed of federal employees and selected experts in the field. You will compete with other applicants for the grant money, and this grant review committee will evaluate the merits of each proposal. Only those that they feel exemplifies the objective of the grant will be approved.

Answer 2

Not sure of Grants for first time buyers. But check with Homes for Humanities.

Answer 3

Usually the town you plan to purchase a home in offers different programs. but mostly in lower income cities. They offer programs with better interest rates, 20 % down payments, and things like that if you you qualify. Check with your town hall or real estate agent.

Answer 4

yes, i am the director of a program called liberty grant. we can help you with a FREE grant for your downpayment. you can check out www.libertygrant.com and call me at 1-877-472-6810 and i will be happy to help you personally.

Answer 5

Depends on where you live. Start by looking for a non-profit agency to help you such as "acorn".

Answer 6

A mortgage broker will likely be able to tell you about local resources.