Grants are available to home buyers.
If you are looking to buy a home, mortgage loans may not be your only method of financing the purchase. The federal government, state governments, local governments and private organizations offer grants for certain home buyers. Grants are free money, not loans, and they do not incur interest or need to be paid back. There is an uncomplicated, straightforward method to obtaining grant financing for your next home purchase.
Instructions
1. Determine your qualifications. Grants are usually issued to home buyers with specific needs, positions or qualities. These include first-time home purchasers, teachers, police officers, military veterans, persons with disabilities and those from low-income backgrounds. If you fall under one of those categories, you have a much higher chance of receiving a grant.
2. Search for grant opportunities. A simple web search will lead you to many websites that list grant opportunities for home buyers. Such websites include Home Buyer Funds, which is a website that lists home buyer grant opportunities from federal, state, local and private sources; and Grants.gov, which is a federal website that lists various types of grants. Use these websites and others you may find to locate interesting grants.
3. Read the application instructions. Once you have located a potential grant, write down the information, including grant name, contact person and application instructions. Some grants will allow you to apply online, others require that you mail in an application or fill out an application in person.
4. Apply for the grant. Once you have read the application instructions, apply for the grant. Make sure you include all of the application materials requested in the grant posting.
Tags: home buyers, application instructions, grant opportunities, Once have, that lists
