| Buying a new home is exciting, but it also requires | | | | forward. |
| coming up with a lot of hard cash. Down payment | | | | These grant programs are not loans. This is money |
| assistance programs can help you solve these money | | | | that is provided directly towards the closing costs, |
| problems by providing you with the money you need | | | | and never has to be paid back. The government |
| to close on your home. | | | | provides these cash grants to help with urban |
| These grant programs help individuals who are willing | | | | development, gentrification, and to keep home prices |
| and able to buy a home, but are short a little cash | | | | stable in particular areas. |
| for their down payment. Particularly now, after the | | | | Qualifying may have nothing to do with your income |
| mortgage crisis, most banks are requiring no less than | | | | level or credit score, but simply because your local or |
| a 20% down payment. That's a lot different from | | | | state government has created these programs to |
| the past where people could buy homes with no | | | | provide down payment assistance to new home |
| money down. | | | | buyers. In many cases these programs go |
| But that's where down payment assistance programs | | | | unadvertised and buyers are completely unaware of |
| can be a tremendous help. There are government | | | | their existence. Those who tap into these resources |
| and foundation grant programs that provide | | | | can receive tremendous cash benefits, and they may |
| mortgage grants, real estate grants and first time | | | | never have to worry about paying the money back. |
| home buyer grants to help move the closing process | | | | |