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government_grants_to_purchase_a_home [2018/07/26 19:47]
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government_grants_to_purchase_a_home [2019/04/12 16:15] (current)
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**Update August 2017**: **Update August 2017**:
Don’t neglect to check out the programs offered by your  state! There are so many of them it’s hard to keep track but the effort is worth it. For example, if you’re still burdened with student debt and can’t imagine how to even consider buying a house, you might want to rethink that. For example, in Maryland threes a “Smart Buy Program”  that makes home buying significantly easier. Maryland will provide a second mortgage in an amount at or below 15% of the purchase price of the house. This loan will be zero-interest and not have any monthly payments — instead it will be used to pay off your student debt!  And, rather amazingly, Maryland will “forgive” 20% of the loan every year you stay in the house …. so in five years your student debt could be gone —- and you own  a house! Don’t neglect to check out the programs offered by your  state! There are so many of them it’s hard to keep track but the effort is worth it. For example, if you’re still burdened with student debt and can’t imagine how to even consider buying a house, you might want to rethink that. For example, in Maryland threes a “Smart Buy Program”  that makes home buying significantly easier. Maryland will provide a second mortgage in an amount at or below 15% of the purchase price of the house. This loan will be zero-interest and not have any monthly payments — instead it will be used to pay off your student debt!  And, rather amazingly, Maryland will “forgive” 20% of the loan every year you stay in the house …. so in five years your student debt could be gone —- and you own  a house!
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 +If you’re frustrated because you don’t qualify for the few national programs available, don’t give up. States and some local agencies receive block grants from the federal government to help people buy their first home. Individual counties design their own programs based on their knowledge of the local area. So rather than look to the federal government for assistance it is often a better idea to look close to home. If you have a relationship with a bank or have found a mortgage provider you can work with, they should have excellent knowledge of their area and what programs exist to provide financial assistance to home buyers.
**Update August 2016**  As you look for legitimate information that can assist you in finding resources to buy a home please beware of those who claim to help but don't. We recently ran across a site called usagrantapplication.org and were surprised to see their claims that you could just fill out an application and get grant money to buy. They have an F rating from the Better Business Bureau and we found complaints elsewhere on the internet. We know getting a grant is not that easy. That's why we provide lots of information about what's real and what's not and what you actually have to do to find real grants or other aid programs. **Update August 2016**  As you look for legitimate information that can assist you in finding resources to buy a home please beware of those who claim to help but don't. We recently ran across a site called usagrantapplication.org and were surprised to see their claims that you could just fill out an application and get grant money to buy. They have an F rating from the Better Business Bureau and we found complaints elsewhere on the internet. We know getting a grant is not that easy. That's why we provide lots of information about what's real and what's not and what you actually have to do to find real grants or other aid programs.
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government_grants_to_purchase_a_home.txt · Last modified: 2019/04/12 16:15 by admin