APPLY FOR GRANTS

Housing is a basic human necessity. The United States Federal grants for first time home buyers is an initiative by the government to help first time home buyers which aims at reducing the extra cost levied in the process of purchase.Provided below is an overview of the process to apply for grant opportunities. In order to apply for a grant, you and/or your organization must complete the Grants.gov registration process. Registration can take between three-five business days or as long as two weeks if all steps are not completed in a timely manner. Register for grant opportunities now. Apply Today!!


The economic recession or bubble, which hit the United States economy further aggrieved home buyers, as the recession had undoubtedly created an economic bubble in the real estate sector. Another important aspect was the burden of mortgage loan and home loans. In order to ease this burden, Federal grants have been implemented by the United States government for first time home buyers.

The basic process of home buying is simple and people tend to follow it, as if it's a convention. The buyer first short lists on a couple of properties that he is willing to buy. Then the buyer approaches the mortgage lenders who originate the loan. After the lenders take a credit report check, the underwriting process for the short listed properties is initiated. The underwriter points out to the property that has a better future equity raise projection. The buyer then pays the closing costs and undertakes the down payment, upon which the mortgage is approved and the property is bought.

Government Grants for First Time Home Buyers

Federal grants is financial aid provided by Federal government, State governments and United States Department of Housing and Urban Development, to first time home buyers, and broadly referred to as the housing grants federal programs. First time home buyers can easily avail such financial aid, as such funds are not meant for repayment.

The Federal government aims at eliminating such costs so that home buyers do not have to worry about down payments and closing costs. In some cases additional funds that can be used, or the first installments are also granted. Some of the important government grants have been elaborated here, take a look and apply through the department's website.
  • Grants for First Time Home Buyers: This grant is basically granted to those people who do not qualify for some or the other recognized mortgage loan. The usual amount that is approved is about 10% of the total home value. There are however some or the other qualifying requirements and requisites for this grant. The grant is provided through the Department of Housing and Urban Development.
  • American Dream Grant: This grant is also known as the American Down Payment Initiative. This government grant is aimed at taking off the down payment costs, initiated in the year 2003, it was authenticated by an enactment by the same name. The initiative was aimed at providing home buyers, with either 6% of purchase cost or with $10,000, whichever is higher.
  • Additional Home Grant Program: Community Development Block Grants (CDBG), Emergency Shelter Grants (ESG) and Housing Opportunities for Persons with AIDS (HOPWA), are some of the additional housing programs that provide grants to people upon the fulfillment of some requisite condition.
  • 203(b) Mortgage Insurance: Mortgage repayment is an important, issue for most new home buying. Such home buyers are granted a mortgage insurance policy by the HUDs, which helps and ensures the repayment of the loan.
In order to obtain Federal grants for first time home buyers, refer to the site of Department of Housing and Urban Development, or the state agency, for the same. You will get the requisites and application procedures over there.
By source - buzzle.com


Grants for Single Mothers to Pay Bills

Grants for Single Mothers to Pay Bills


In the US, government grants for single mothers are a rescue for those mothers who are in a deep financial crisis. Mostly, they're sponsored by the United States Departments of Public Welfare and are meant for helping single mothers. Since widowed or divorced moms have to manage their education (mostly, if they're younger), their kids schooling, medical and household expenses. This often compels them to take loans and borrow money. Owing to lots of financial burden, they usually end up in debts. It is a lesser known fact that single moms can use government grants to get debt relief. Since the layman is aware of debt consolidation, debt settlement and other suitable programs, he hardly pays heed to government grants that can help them to get rid of huge debts. It is possible to avail benefits of government grants given exclusively to single moms. They can effectively use the grant money for paying unpaid medical bills, for business start-ups and paying for higher education money. 

In the recent years, credit card firms have made it easier for people to own a credit card. Hundreds of requests for credit cards fill your email in-boxes and tempt you to fill the application forms and get a new credit card. The reality is that with every new credit card, you may develop a bad habit to splurge and you will end up being in more debt. One of the worst things to get stuck with is unpaid credit card debt. Hence, it's best to restrict your use of credit cards. It's surprising for people to discover that there are free government grants to pay off debt. However, the fact is that there are several government schemes that pay off your debts by imposing some nominal limitations and restrictions.

Single Mother Grants
There are various grants for single mothers to pay off debt and fulfill other crucial financial commitments. In fact, single mothers can easily apply for such grants to pay off bills by visiting the government grants website. Once you visit the government website and have registered yourself, you will be given a Catalog of Federal Domestic Assistance (CFDA) number. This will help you to keep a track of your application form. You will also be given a funding opportunity number that you can use to check the status of your forms. Government grants that help single mothers to pay education, credit cards, medical bills and other types of aids are also possible.

Investing in education is one of the simplest ways by which mothers can get out of financial problems. College grants for single moms are among the most beneficial programs offered for single mothers to complete their education and make it possible to earn a full-time salaried jobs. In the US, there are also some church run programs, debt relief programs that are in the form of grants. Some factors that are taken into consideration while providing these grants are that you must be a citizen of US and must belong to a lower income family bracket. Medical health care, that may range from normal medical treatment to surgeries can often be very expensive and difficult for a single mother to manage. Grants for medical bills are provided by various programs like RX outreach. They can contact officials of such programs and know the procedure of applying for such grants.

In case, you are looking for government grants that are totally free, then you've got to visit the website grantsgov. This dedicated website provides you with all information regarding free governments. By properly filling the forms available on the government website, you can avail its benefits. Personal grants meant to pay off your debts are analyzed properly by the agency paying you the money. If they see that there is no other way for you to get rid of debts, they help you with the grants. Financial assistance to single mothers is possible in the US because million of dollars that go unclaimed every year, owing to lack of awareness among the general population.


Visit to: http://thegovernmentfundedgrant.blogspot.com/


Source: http://www.buzzle.com/articles/grants-for-single-mothers-to-pay-bills.html


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