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what the name of government grant fo a first time home buyer?

a program from the government,a grant,some king of free money to help you buy you first home

6 Answers

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  • 1 decade ago
    Favorite Answer

    In the US, there is no such grant. FHA is a government program that helps people qualify for a mortgage, but is does NOT give you money.

  • Anonymous
    1 decade ago

    It is easy enough to find out what grants are available. You can do an Internet search on grants and foundations. What you learn, whether on your own or by buying lists from hucksters, is that there are no grants available to you. Government agencies and foundations that make grants available have requirements for awarding grants. They issue a request for proposal that specifies the purpose of the grant and the qualifications that you have to meet to get the grant. Scientists, universities, and other researchers write proposals to request the grant. They compete with other proposals and many are rejected.

    The grants are for purposes such as studying pollution, developing a silent lawn mower (no one ever applied for that one), finding a cure for pimples, or developing energy sources for indigent Africans. Researchers who get the grants have to spend the money as required by the granting agency and have to account for the money they spend with reports to the agency.

    There are no grants to individuals who need money to pay off a debt, buy a home, or take a vacation. Business that sell grant information and claim governments give thousands away want your money for the information but they don't tell you the facts. Don't waste your money on them.

    Congress is proposing a $7,000 tax credit for home buyers who buy a home that is about to be foreclosed. The White House does not like the idea. But if it passes into law, it would be the closest thing to a grant for home buyers.

  • 1 decade ago

    It's called the First Home Buyer's Grant in Australia.

  • 1 decade ago

    If you rnot in a big hurry to buy, wait for a couple of months. Congress is passing a new housing bill which will provide a lot of new dollars for first time buyers. One of the new incentives will be a $ 7,000 tax incentive if you stay in your home for a couple of years.

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  • 1 decade ago

    sometimes ppl qualify for FHA grants and discounts.

  • 1 decade ago

    FHA in the US.

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