Tag Archives: Housing

Federal Housing Grants – What Type of Grant Fits You?

August 14, 2010 Michael

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.

Mortgage Finance

Four Important Reverse Mortgage Disadvantages

August 4, 2010 David Prulhiere

1. You don’t get to write-off your mortgage interest:

a. Remember the 1099 form you get that shows how much interest you paid? You won’t be getting that after you complete a reverse mortgage. Since you have accrued interest and not paid interest, there is nothing to write off. Once you pay the interest, you will get the write off, but normally that occurs when the home is paid off.

b. Is the write-off more important to you than the lack of house payments? Many would prefer the no house payments or the opportunity for increased income to getting the interest write-off.

2. Accruing interest or your balance growing:

a. You will accrue interest on a reverse mortgage. This means that your balance will grow as the months progress. Since you are not making payments, the interest that is being charged to you has to go somewhere. The lender puts it on the balance you owe them, so it gets bigger.

b. Because you have no payments today, you are trading for a larger payoff tomorrow. A borrower passing away is usually the reason a reverse mortgage gets paid off, so they have effectively, permanently deferred the house payments.

3. The fees on a reverse mortgage are expensive:

a. Reverse mortgages are traditionally expensive compared to a regular loan. The thing to consider is that on a regular loan you have to make payments and on a reverse loan, you don’t. I guess “they” feel the extra expense is justification for more fees.

b. With the development of new programs, you should be able to get a reverse mortgage for about half the prior cost. If the expense of the loan was the reason you didn’t do the loan before, check again. You should be pleasantly surprised on how in-expensive the fees are now.

4.You leave less money to your kids:

a. It will reduce the amount you leave as an inheritance, if you spend your equity. This could be really important to those who want to leave a sum of money to their heirs, but there are alternatives to how you leave the “money”.

b. By using your equity, are you really shorting anyone on their inheritance? Removing your existing monthly payment will allow you to have more cash for things like medical or housing expenses. Because of this, you children are less likely to need to contribute to your monthly bills. Just that alone will help them save for their own retirement, without having to worry about your finances. If you are more fortunate than most, and your home is paid for, using the equity in your home can help maintain your independence and enhance your retirement.

These are examples of the so called disadvantages of a reverse mortgage. You can see that there are two sides to these arguments. So weigh the need against the objection and see if it makes sense to you. If you are looking for someone to bounce some ideas off of, feel free to give me a call or send me an email. You can get all of our contact information at www.redwoodreversemortgage.com along with more reverse mortgage information.

Are there other reverse mortgage disadvantages? Follow the links if you are looking for more information on reverse mortgages. You can get a no obligation, free education. You can even use our free reverse mortgage calculator.

Housing Grants

Federal Housing Grants

July 25, 2010 Michael

by Rae Z
First Time Home Buyer Programs

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

Federal Housing Grants

July 25, 2010 Michael

by Tess Heder
First Time Home Buyer Programs

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/

Housing Grants

Various Housing Grant Programs For Each Income Group

July 5, 2010 Michael

by Rae Z
First Time Home Buyer Programs

Various Housing Grant Programs For Each Income Group

If you are taking a loan to meet your housing needs, there is no need to as at your ready disposal, there are 4000 grants all free. There are thousands of government housing related agencies making it convenient for you to avail of this unique opportunity and its your right too as these funds are your own tax money generated from your pockets.

Housing Grant programs are for every situation and for each income category persons even for the middle class taxpayers. The best source to get information and to apply for the Housing Grants is The Department of Housing and Urban Development (HUD). It is a good source for income generation where you can find complete information for getting grants.

Even though the department does not give grants directly to the buyers but they make this opportunity available through the government and non-profit organizations who make complete financial assistance available. You can also get the information on the available grants in your states through HUD website section Home Buying Grants in Your State.

Some of the largest of these programs are for active and even retired officers of armed forces. More than 29 million veterans and service personnel can be eligible for these loans, which are often offered by without down payments and have very less interest rates.

In Boston or in its surrounding areas, persons who want to buy a home near the public transport area and if they could prove themselves about their loyalty and dedication towards the public transportation, they can avail of the program known as “Take the “T” Home Mortgage Program”. This program allows them to avail of complete price of a home without even paying PMI.

In the same HUD has Teacher Next Door and Officer Next Door program basically catering for the teachers and police officers. Government has basic provision for teachers and police officers that can buy the homes for half of the price but with minimum of down payments.

Once the grant is obtained for your new home, you are not required to pay it back but make it sure that the money spent on new house is in terms and conditions laid in the grant. Granting grants to buy new houses also benefits government and even a wise investment on its part, as it helps to move the economy of America smoothly in the way when a new house is bought, property tax will be paid by you and even capital gains tax when you will sell your old house and move into bigger one.

Food, housing and clothing are three basic necessities of life for each human being and through these grants; government is committed in providing these.

First Time Home Buyer Programs

Are You Searching For US Government Housing Grants?

May 10, 2010 Michael

by DanMcLean
First Time Home Buyer Programs

Are You Searching For US Government Housing Grants?

If you have a bad credit rating then it is rather very difficult to find a lender who can help you in buying a new house, but you can rely on the government for help in this situation. Almost everyone is familiar that most of the lenders would usually avoid people with bad credit rating when it comes to getting a housing loan which leaves them trying for other available options.

However you should try considering to get a housing grant from the United States Government instead. It is important that you know every thing about the US government housing grant before applying for such a grant.

US Government Housing Grants

Before you can start applying for an US government grant it is important you remember that you would not be the only person applying for such a grant and therefore you make sure that you have done your application perfectly. You will need to know that there might a number of people who can write much better than you and in order to get ahead the crowd it is required that you learn to research well and find out information about housing grants in United States.

You should know that there are programs offered by the government through the department of housing and the Urban Development which is known as HUD in common. You can get the list of the US housing grants that are available for you. You should know the type of housing grant that you will require like a multi family housing grant, single family housing grant and healthcare facilities grant. You should also find out the requirements that are necessary for the US housing grants.

About the housing grant

When you apply for a US government housing grant through the official government website it would help you reduce your costs and also the time that is required to find the US government grant office, opportunities and the process for you application. Their official website w3oud provide you access to a number of grantors and it can reduce your paperwork.

It is also possible to download a housing grant application package from their official website and can view it offline. This gives you the flexibility to complete the grant application anytime when you need.

Applying for US Government Housing Grants

When you are familiar with all the information about US government housing grant you can then apply for the grant. You can ask for your US housing grant application kit from any of the HUD. Make sure that you read well the application before filling out the form and you should also make sure to answer all the questions. The grant lender would do the needful of processing your housing grant and would let you know about the further proceedings.

Apart from this you can also avail residential help from the US government which are not just for those who have disabilities or families who are unable to afford a housing. The Government housing grant is offered to people looking for proper employment or to help then resume to their potential employers.

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Get a federal housing grant by contacting the local HUD office, filling out grant applications thoroughly and meeting the qualifications for a grant. Work quickly to get a federal housing grant with advice from a mortgage specialist in this free video on housing grants.Expert: Stetson Lowe Contact: stetsonlowe.typepad.com Bio: Stetson Lowe is a credit repair expert. Known as the “mortgage insider,” Lowe assists increasing credit scores for the most challenging of clients. Filmmaker: Paul Kersey
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People With Aids on the Brink of Foreclosure Will Receive Federal Housing Grant

April 26, 2010 Michael

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

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