Economic Stimulus Grants

Home Grants

Applying for home grants is hard work and it's never guaranteed you will receive a grant award. There are generally strict guidelines that must be followed to apply for discretionary federal grants. These application guidelines vary between federal agencies and opportunities. Discretionary grants posted on Grants.gov are highly competitive. A sure disqualifier for your application is to not include all that is asked for by the grantor agency. There may be many applications submitted to a single opportunity and those with the best chance of funding all include exactly what is requested by the grantor agency, presented in clear, simple language.

A good grant proposal addresses the need and significance of the project, quality of project design and methods to accomplish it, adequacy of resources (budget), quality of project personnel, evaluation methods, and project services to be provided. To ensure you are able to provide all that is required to apply for a particular funding opportunity, research, sufficient planning and preparation is key. Research is the primary element to every proposal and determines the overall quality of it.

First Home Buyer Grants

Remember, as defined by HUD, first time home buyers are individual(s) who have not had an ownership interest in a home within the last three years. If you fit this definition, you have over come the biggest obstacle to getting your grant assistance. That's right, money set aside to help first time buyers just like you, purchase a new or existing home. Even bad credit typically won't stop you from qualifying for a grant. If you can get a low interest rate loan from FHA, then your chances are significantly improved of getting the same exceptions from the grant agency!

First Home Owners Grant

Government Grants for first time home buyers, make up the second type of down payment assistance. They have no seller conditions or contribution requirements. The only requirement to satisfy government assistance housing guidelines is that your family income must meet the stipulated minimum, which varies according to the number of your dependents and the median income for the area in which you intend to purchase. (Grants by state are linked below)

Example: (This is only a SAMPLE - income levels typically are higher)

Dependents Assistance:	Grant For Very Low Income $5000.00	Grant For Low Income $3750.00	Grant For Moderate Income $2500.00
1 (individual)	$0 - $16,000	$16,001 - $24,000	$24,001-$34,000.00
2	$0 - $18,000	$18,001 - $27,000	$27,001-$37,000.00
3	$0 - $22,000	$22,001 - $30,000	$30,001-$39,000.00
4	$0 - $25,000	$25,001 - $34,000	$34,001-$43,000.00

As you see from this sample chart, the higher your income, the greater number of dependents that are needed to qualify for the maximum amount of home buyer grant assistance. Since median income varies by area, there are many programs designed to fit the area you reside in. In major metropolitan areas, there may be 3, 4 or 5 different programs available! The great part is, if they don't use the funds, they risk losing them in the following funding year!!

These government down payment programs are typically done in the form of "Silent Seconds". This means there is no monthly payment, no interest is charged, accrued or paid and why we say "Free Money". The funds sit as a second mortgage on the home until the house is either sold (whereby the funds are repaid) or forgiven by the government (typically 5 to 15 years).

Some down payment assistance programs actually require the funds to be repaid in the form of a monthly payment. This repayment becomes part of the qualifying process for the initial mortgage loan.

Why use them? Typically, It's free money! There is no better reason than that!

Now, for the most important question, how do you qualify for home grants? Well, it's pretty simple. The number one qualifying factor is income. You must meet the median income requirements established for your area. Then, you must be able to qualify and be approved for a low interest mortgage loan, and as a first time home buyer, you cannot have owned a home within the last three years. Your approval for a government assistance loan is almost assured if you can meet these three criteria.

Typical Disqualifications:

Excessive Income
Default on a Government Loan
Tax Liens
Bankruptcy discharge not 24 months old
Unpaid Child Support
Prior Foreclosure
The Home Buyer has owned a home within the last three years.

Remember that there are also home improvement grants available!

There is software available which will automate the process of finding the home grants for which you are eligible. It will guide you through every College Grant available to you and give you templates and tips for writing applications.
There are help lines, there is email access, and there are step by step instructions.
They make it very easy.
It's virtually done for you in a fraction of the time it would take if you could actually wade through to the finish yourself.

The research has been done for you. You don't need to spend weeks going through the government website trying to figure out which grants to claim, and you don't have to try try to write applications.
The grant software available will automate the entire process. It will all be done for you, simply and quickly.

No need to delay any more,

Find the home grants you are eligible for, Click Here!

Grant Categories