Are you searching for a way to reduce your out-of-pocket expenses when buying, improving or repairing a home? You may qualify for housing grants that will help pay for the cost of your down payment on a new home or expenses towards repairs and improvements made to an existing home. These grants for homes can provide significant financial assistance if you know how to find them and how to qualify.
If you have been dreaming of a new home or if your home needs repairs or improvements, then it’s time to take advantage of the grants you qualify for. Home repair and home buyer assistance programs can make all the difference in turning your dream into a reality. Learn more about housing grant programs below.
Housing grants offer new homebuyers and existing owners the opportunity to save money while obtaining the home of their dreams.
These grants offer free money (designated for specific purposes) to those who qualify. This money does not need to be repaid. Depending on your situation, you may qualify for one or more of these grant programs.
Grants for homes are available at the federal, state and local level. There are grants designed to:
- Help homebuyers with their down payments
- Help homeowners make necessary repairs to their home
- Help homeowners pay for improvements on their home
Did you know that 2 out of every 3 people claim that saving for a down payment is the largest obstacle they face to becoming homeowners? A home buyers grant helps eliminate this difficulty by providing aid for what many need the most.
Down payment grants are commonly available for first-time homebuyers, but many are available to qualifying applicants who meet other requirements. These housing grants may be used to help cover the down payment as well as closing costs.
Meanwhile, homes in disrepair can cause severe health and safety hazards to occupants, but repairs can be incredibly costly. Low-income homeowners may be unable to pay for necessary repairs due to these costs.
Home repair grants can be used to make necessary repairs to your home. Some of these grant programs include home improvement grants to modernize a home, make a home more disability-accessible or weatherize a home to improve its energy-efficiency.