What is the best way of finding and receiving government grants for a first time home buyer?
I've been searching the internet to try to find the best site or information on what government grants are right for me and the best way to recieve them. I recently went to a NGC (National Grants Conference) and I wasn't comfortable giving them a thousand dollars just to give me information on how to get a government grant. I know this is not an easy process, but I just want to know what would be the best way for me to find a grant that would be right for me and the best way to get that grant for a first time home buyer? Any suggestions would be great, thank you.
It is a good thing you did not give them a thousand dollars because there is no such thing as a government grant for buying a home
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.
WORD OF CAUTION: When thinking of government grants, go only to a .gov website - that is government website. Don't ever go to a .com, .net or .org website because those sites are just out to scam you
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
Check with your realtors for programs and assistance you can get for being a first time home owner. There are also non profits who can give you downpayment assistance (but will not cover your entire mortgage) such as Nehemiah Corp http://www.getdownpayment.com
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US $1,800.00
