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


US Government Grants For Moms and Women

US Government Grants For Moms and Women

Do you have personal debt? If so, then you’re likely willing to get debt relief from any and all possible sources. One of your options is government grants for debt relief. In fact, you might be surprised that such sources of debt relief actually exist. They do. That said, you’ll unlikely find a single grant from state or federal governments, which can completely erase your current debt. Still, every bit helps when you’re trying to climb out of debt. The key is to know the best steps to take, in order to find such government grants for debt relief. Here are some of the best sources that will help you to achieve that mission:

Later in 2009, funding for PELL grants were increased. As part of the Student Aid and Fiscal Responsibility Act of 2009, the administration rolled out plans to expand this long standing educational grant program. So are there specific grants for moms to return to college or vocational school?

Department of Education, Due to the skyrocketing costs of college and university tuition, today’s students aren’t just graduating with a diploma-but also more debt. Fortunately, the USA’s Department of Education can help, by providing assistance in consolidating your student debt. This reduces multiple student loan payments into a student payment, and typically provides you with a much lower interest rate. That said, it’s important to note that the federal government can only provide help in consolidating student loans that were granted by the federal government. Any student loans that you received from the private sector are ineligible for such programs.

It is also possible to receive government benefits if you are a single parent. None the less, there are also qualifications regarding your children to get a benefit. You will have qualified for many grants if you have a child who is below the age of 16. However, different grants may have different criteria for children, so you need to pay attention to them carefully.

Home Affordable Modification Program (HAMP), This program was created to help homeowners to avoid foreclosure, by making adjustments to their mortgage. Home Affordable Foreclosure Alternatives (HAFA). This is a complex program that includes several guidelines that the Treasury Department has set. Making Home Affordable Program (MHA), MHA is a new program that the USA’s federal Government Grants launched in 2009. By completing a basic questionnaire, applicants can determine whether or not they’re eligible for the program. The two parts of the program are mortgage refinancing, mortgage modification.

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


Source: http://ezinearticles-army.com/business/government-grantsus-government-grants-for-moms-and-women/


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