Grants for Buying a Home

If you need help financing a down payment, paying for closing costs or just want to receive the best possible home loan, there is a variety of grant and loan options available through federal, state and local agencies.

First-Time Homebuyers

Many of the grants for homebuyers require that you be a "first-time homebuyer." This means you must not have owned your own home at any point in the past three years.

Revitalization Areas

Grants funded through the Department of Housing and Urban Development will often require that the home you buy be located in a revitalization area. These are typically lower-income areas.

Public-Housing Residents

Residents of public housing may qualify to receive vouchers each month to help pay for a mortgage or other home expenses or loans with little to no down payment or closing costs.

Good Neighbor

HUD's Good Neighbor Next Door program offers houses in revitalization areas at a 50 percent discount to teachers, law enforcement/emergency medical personnel and firefighters.

Finding Opportunities

The Department of Housing and Urban Development is the best place to start your search for grants for buying a home. You can also check the Grants.gov housing section.

References

• Department of Housing and Urban Development

Resources

• Grants.gov