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Housing Grants

Federal Housing Grants – What Type of Grant Fits You?

Federal Housing Grants – What Type of Grant Fits You?

Did you know that it is possible to get free government money in the form of federal housing grants? It is not often in life that our government gives rather than takes. Of course for you to be eligible you must meet certain criteria. If you want to learn more about such schemes then keep on reading.

If you are a low income family then you can take assistance in buying a home through what is known as urban development grants. To be able to qualify you must first of all be making enough money to keep up with the proposed mortgage payments on time. Also you would require a positive credit score and have steady employment. The house you are considering must also fit certain criteria such as being priced at a level under the value cap and be located in an urban area.

Another option is rural development grants. These help people who are on a low income find a home in a rural location. Again the property would need to match the basic valuation requirements stipulated by the government. As with the urban development grants, your credit score needs to be acceptable and your salary has to be sufficient to cover all the costs of the mortgage that you are planning to take out.

There are other schemes available that can also provide you with free money to help with housing. Today as many of us lost our homes to foreclosure during the recession, the government wants to help stimulate the real estate market as it suits neither them nor the economy if people are left homeless or burdened by heavy rental costs.

Federal loans and grants are an excellent way to reduce your overall living expenses. It pays to do as much research as possible to ensure that the program you sign up for suits your future circumstances and not just the present day situation.

It’s actually easier that you think, finding out if you are eligible for any of the federal housing grants. Don’t wait, take action today – it’s free to find out if you are eligible or not so you have nothing to lose but a lot to gain.

Take the first step today by filling out this simple free form: federal housing grants.

If you are looking for more information on how to find free government money then you should visit FindFreeGovernmentMoney.com.

First Time Home Buyer Programs

I’m an entrepreneur at heart and for the last 15 years I’ve taken been involved on more start-ups than I care to remember. It’s always an adventure and the fun and excitement involved is what I live for.

First Time Home Buyer Programs

Obama’s Federal Program Bringing Home Loans into Reach of First Time Home Buyers

Obama’s Federal Program Bringing Home Loans into Reach of First Time Home Buyers

Economic weakness threatens the chances of many Americans to become homeowners and so threatens the nation’s ability to thrive as a nation. Keen to help, the federal government offers the First Time Home Buyer Stimulus Package. It targets first time buyers and those who have not owned a home in three or more years.

Purchases under this program are of pre-owned homes and homes in the new construction phase, stimulating demand in the housing market. Whether indirectly, by boosting buys of pre-owned homes, or directly, by boosting housing starts, this gives builders and their crews more work. As for homeowners, they receive help in three ways, with tax credits, assistance with down payments, and with decreased interest rates.

The initial purpose of the stimulus program was to stave off the economic slowdown of which existence became apparent during the financial crisis of 2008. The developing situation demanded reinforcement of these efforts, which came in the form of a more comprehensive plan from the federal government. In particular, the Obama administration believed that the reluctance to spend money came from the fear of losing home ownership. This, along with the collapse of real estate market, convinced to administration to act to stimulate home ownership.

For any purchase made in the year 2009, a homebuyer may qualify for a 10 percent tax credit. This may for up to ,000, with the basis being the gross purchase price. The home owner may claim this credit either the year of purchase or within two years of purchase. This tax credit provides money to the homeowner, which he may decide to save.

Next is a reduction in the down payment. Usually, these are at least ten percent of the home’s price. The government plan is to pay off part of the down payment. Lower down payments make it easier to purchase the home. Furthermore, reducing the down payment reduces the burdens keeping you from placing money in an investment account or from improving the new home. Also, government help may reduce the interest rate on your home loan by reducing the basis points on the interest rate. Qualification for the tax credit requires that a single person’s income not exceed , 000 and that with a partner income not exceed 0,000.

A third way to encourage home purchases is a tax rebate. In this case, the federal government places the rebate on the amount of interest assessed on the loan. This is not related to the tax credit. Under this stimulus program, homeowners may apply for both the credit and the rebate. Landlords, who buy property for income purposes, may qualify for the rebate. Because the landlord’s maintenance expenses go to the upkeep of the rented property, they are eligible for income tax deductions. Hence landlords are eligible for the rebate.

Economic growth is impossible without continuous improvement of the national infrastructure. However, the collapse in the demand for housing hits precisely here. The Obama adminstration intends to rectify this with tax credits, down payment assistance, and interest rate reductions. Under the First Time Home Buyer program, it intends to place buyers in new homes and stimulate economic activity.

First Time Home Buyer Programs

For tips and facts about how you can benefit from Obama’s Home Stimulus Plan – or to find out if you qualify, visit our no nonsense home stimulus guide: http://ObamasStimulusPackage.net

realestatemarketingthisweek.com – 00 tax credit for first time home buyers with low down payment – Part 3 – We have back in the studio today Mr. Dan Havey. Dan and I have worked together in the mortgage industry for about 14 years and we are happy to have him back. He has seen a lot of changes in the market and thanks again for being here. Michael, here is a question I wanted to ask you, there is so much misconception in the marketplace today as far as what is still available for financing. I think a lot of people have this idea that it is impossible to finance a loan or get a mortgage or that you have to be able to put 20% down or have a 720 FICO score. Can you let people know whats really going on out there? Well you know a lot of things have gone away. There are a lot of those old loan programs that were fancy ways to sell money and finance real property and a lot of thats gone. The reality of it is, if a person has a minimal amount of money down, there is absolutely financing through the Federal Housing Administration with 3.5% down. You can buy up to about 8000 with only 3.5% down. Now with Fannie Mae and Freddie Mac, we actually do have a few investors that will allow us to only put 5% down with those and that loan amount maximum is 7000. So there is still plenty of financing for primary residences. Now in regard to looking at investment properties believe it or not there are actually still some stated income loans out there, but the stated income loan is …
First Time Home Buyer Programs
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Housing Grants

Federal Housing Grants

Federal Housing Grants

Grants are different types of funds provided by the government or related agencies for the welfare of the people. The organisations which provide these grants are known as grant makers. However, most of these grants are provided at large by the governmental departments.

The government plays a very major role in giving grants as it has a lot of sources for funding others. But not everybody can get a grant and a procedure has to be followed.

In the United States of America, the federal government has a major hand in providing grants and it is not restricted to a single sector but it takes care of businesses, individuals, non profit organisations and a lot of other important things. However, the federal government of the USA has made a deep impact on its people by providing good housing grants that are precisely called as federal housing grants.

Coming down to the second kind of federal housing grant, it is quite different from the former. Such kinds of grants are made available to those who have a moderate income. These grants enable a person to purchase a home in rural areas.

Federal Housing grants have transformed the lives of thousands of people in a positive way. These grants not only enable the families to have a proper home, but to also improve their standard of living and lifestyle indirectly because of renewed sense of security. But all said and done, there is one problem that everyone has to face before getting a grant.

 People do find it difficult to get an appropriate grant as the government does not advertise the federal housing grants program and therefore many people remain ignorant of this fact. Also, eligibility criteria are strictly maintained which may pose problems for people who have superficial high income earnings on paper but actual low earnings in reality. 

First Time Home Buyer Programs

John Goldman is one of the foremost advisors in matters relating to Government Grants and Financial Aid. To learn more about government grants and how to apply for them visit the Government Grant USA website

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Housing Grants

Federal Housing Grants

Federal Housing Grants

The need to own a house is a strong one in every individual. Unfortunately not everybody can afford to buy one when they want as they may not be having the necessary finance. This is where federal housing grants come in very handy as this is one type of Urban Development government grant that was set up to help people belonging to the low income group get access to funds.

 

There are certain conditions you need to meet if you wish to avail of such federal housing grants. The first one is that you must show you have the capacity to make the monthly repayment through a regular job in place. The second one is the need to have a respectable credit score. The third one is that the house you select must not only meet the quality criteria laid down but should also be priced such that it is below the market valuation existing at that time.

The other type of federal housing grant is the Rural Development Grant. This is useful for people with very low income and is applicable for financing houses to be built in the rural areas. If you wish to qualify for such a grant, you need to first source or identify a house set in the rural area and meeting the valuation parameters laid down. Your income should also be within the range set, besides a respectable credit score. You will also be required to shell out some money initially.

These grants are just one of the ways of accessing government money. You can also avail of the housing assistance schemes that have been designed to help low income groups. When you qualify for such a scheme, you get a housing stipend every month from your area HUD that will help you tide over expenses. You will have to involve your landlord and seek his approval to avail of such a scheme. The application form should list your assets and you should also fall within the prescribed income group to qualify.

Federal housing grants are thus very useful and since they have been designed to meet the needs of both renters as well as house owners, you can definitely find one suiting your need.

First Time Home Buyer Programs

Carl Evangelista helps you with a step-by-step guide to obtaining government grants for any need. Whether you’re looking for grant research, proposal writing tips, or just to see if there is a grant that fits your needs. For more info visit http://www.government-grants.tv/blog

free proposal writing guide e-book available for a limited time!  http://government-grants.tv/blog/medical-education-grants-3/3089/

First Time Home Buyer Programs

First time Home Buyers Program- A Key to your Own Home-The Federal Government’s Incentive Program

First time Home Buyers Program- A Key to your Own Home-The Federal Government’s Incentive Program

The housing crisis has virtually brought the housing market to a standstill. Houses are now worth half the price, they were three years ago. Even with the low prices, the recession was so crippling to the economy, that people still would not buy these homes. Prospective home buyers were also in fear that they may lose their jobs, and would not want to commit themselves based on an uncertain future. Banks have frozen lending, and mortgage funding has all but dried up. Thousands of homes went into foreclosure, and many people filed bankruptcy to save their homes. The crisis is so severe, that many real estate

The Banks and mortgage companies have thousand of unpaid mortgages on their books, and many homes that were foreclosed on, in their inventory, that they either have to sell at a loss, or keep the houses until the value is closer to the balances on the mortgage. Even homeowners find themselves in an upside down position. Their homes are valued much less than their mortgages. The housing crisis is at the heart of the recession, and the near collapse of the banking sector. The government as a part of the stimulus package, tried to help the housing industry by offering help to first time home buyers.

1. Tax credits

 2. Down payments assistance

3. Lower interest rates

In order to speed up the sale of the houses on the market, the government offered 00 as a tax credit to first time home buyers, who purchased their homes between January 1, 2009 and November 31, 2009. The claim must be made within two years of buying the home. Congress recently extended the program to April 2010, and include current home owners, who have been living in their homes for 5 years and over.

 The second option is a down payment assistance program of 10% of the sales price, for example, ,000 on a 0,000 house. The government also offers you a loan with lower points, which results in lowering the closing costs or a lowering the monthly mortgage. This program is designed to assist individuals with income of up to ,000, or couples with joint income of up to 0,000.

A final alternative is a tax rebate on the loan’s interest. Persons who own investment properties can avail themselves of the tax rebate. This can be used to upgrade the property’s value and can be claimed as an income tax deduction.  

 Your real estate agent, and mortgage broker, will guide you through the process, while you search for your dream home.

 

 

First Time Home Buyer Programs

Patricia Bardowell has been a professional writer over five years. She writes for Triond.com, Western Examiner, Demand Studios, Newsvine, and commentator with Huffington Post.

She has a wide ranging experience in the financial sector, namely banking, life insurance and real estate. Patricia is also a medical assistant, and worked in the health field for several years.

She earned a Bachelor’s Degree in Criminal Justice (2008) and Masters of Business Administration (MBA) (2009), both from Keiser University.

Housing Grants

People With Aids on the Brink of Foreclosure Will Receive Federal Housing Grant

People With Aids on the Brink of Foreclosure Will Receive Federal Housing Grant

One can’t help but feel for people who lost their homes to foreclosure. The past months have left many without houses, and it’s still taking away other people’s homes.

It’s even worse to see sick people who, despite their condition, are forced out of their residences. Losing their homes would make it more difficult for these people to take care of their health, like those who are inflicted with HIV/AIDS. For them, losing their health to the HIV virus is as hard as losing their dwellings to foreclosure.

It’s fortunate that there is money allotted for building houses specifically for people suffering from AIDS. The government, through its housing arm the U.S. Department of Housing and Urban Development (HUD), is giving a housing grant worth .4 million to the Los Angeles Housing Department to provide permanent housing to people with the disease.

HUD‘s Housing Opportunities for Persons with AIDS Program or HOPWA will give the federal grant to the City of Los Angeles to help persons with AIDS concentrate more on getting treatment instead of worrying about where they will stay.

This money will definitely be a great deal not only for those who are ill but for their own families as well. No longer would they have to think about where to find money to pay for next month’s rent once they have their own homes. They can just spend the money on medication and other more important expenses.

HOPWA still has more to give. There are 18 other local programs all over the country which will benefit from their grants. More people with HIV/AIDS will get permanent housing in the future because the program has allotted a total of .4 million for the project. Because of this, getting better will be easier for people with AIDS all over the United States.

Housing Assistance Network http://new.housingassistancenetwork.com > – is a site that aims to help those who are in the low to moderate income brackets find financial assistance for housing, help in acquiring a new home, or grant programs from both state and non-government institutions.

Article source: http://new.housingassistancenetwork.com/posts/view/hud-allots-1-4-million-in-federal-grants-to-provide-permanent-housing-to-people-with-aids

First Time Home Buyer Programs

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