: Partners with families to build and buy affordable homes with low-interest mortgages and "sweat equity".
Most direct grant money is distributed at the state level through Housing Finance Agencies (HFAs). Examples include: single parent home buying grants
: Provides 3.5% to 5% assistance that can be used with FHA loans, often in the form of a forgivable second mortgage after 36 on-time payments. : Partners with families to build and buy
: This HUD program offers a 50% discount on homes in revitalization areas for teachers, law enforcement, firefighters, and EMTs. : This HUD program offers a 50% discount
: Ideal for those buying in rural or suburban areas, the USDA loan program offers 0% down payment and low fixed interest rates.
: Many of these programs can be layered . For example, you can often combine an FHA loan with a state-level down payment grant to significantly reduce your out-of-pocket costs.