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2. Government Programs 2017
• Buying a home is a distant dream, especially for
those struggling with finances. The prices have
gone up, and the supply is limited. This has left
many of those buying a home for the first time
wondering, “is there any way to gain a financial
help?” And the answer is “yes, there is.”
• There are several first time homebuyer
government programs 2017 and grants to help
your dream come true
3. Federal Government
• The US Department of Housing and Development offers
billions of dollars regarding grants for first time home
buyers each year. The goal of this program is to provide
home ownership to as many people as possible
throughout the country.
• However, one important thing to remember is that the
HUD representatives won’t come knocking on your door
offering grants.
• These grants are provided to the states and local
organizations. So make sure you know about these
organizations and stay in contact with them if you are
searching for first time home buyer government
programs 2016 regarding grants
4. Home Investment Partnership
Program
• Another government grant for first time home
buyers. It gives funds to several states to
provide housing to low-income class. The
assistance comes in the form of a loan, but after
a particular period, the loan is forgiven. So it’s
more like a grant
5. State Housing Finance Agencies
• Almost every state has its own Housing Finance
Agencies and finding them should not be any
difficult. All you have to do is to type the name of
your state along with ‘Housing Finance
Agencies’ and plenty of names will pop up into
search results.
• These agencies provide assistance about what
programs are available and how can you qualify
for them
6. City Specific Programs
• Apart from each state, each city has its own
programs for first time home buyers, especially
in a bigger city like San Francisco.
• Mayor’s Office Of Housing And Community
Development (MOHCD) in San Francisco
provides a loan, grants and down payment
assistance for first time home buyers on
below market rates
7. Private Non-Profit Organizations
• There are several non-profit and charitable
organizations that provide funds and help first-
time home buyers with buying a home. These
organizations often work with state approved
lenders, so make sure you start the search with
a local housing agency.
• These are some of the typical first time home
buyer Government Programs 2017 to help you
with the purchase. Narrow down your
requirements and choose the one that suits you
best