Find Affordable Housing Homes Near You

Affordable Housing Homes

Affordable housing is essential to the prosperity of local communities in America. Numerous government and private agencies have programs that help individuals and families the financial support and opportunity to buy affordable homes. Affordable housing programs help with down payment and closing cost assistance, affordable first mortgages and tax credits. Know that down payment assistance programs may be combined with tax credits and affordable first mortgage programs for maximum benefit.

Qualifying for home buyer programs, credits and grants is based on income and varies based on the program offered. Programs are available to very low, low and moderate income buyers with credit scores as low as 500. Buyers must occupy the property as the primary residence and may have restrictions on the minimum term before selling the property.

Down payment assistance programs generally offered by state, county, city and nonprofit agencies help cover the cost of down payment and closing costs which help lower your out of pocket cost substantially.

Certain housing assistance loans qualify the buyer to zero percent or low interest silent second mortgages or deferred loans. Payments are postponed until the borrower sells, refinances, rents or moves out of the home purchased.

Find an approved participating lender that understands your circumstances to find all of the programs you can use to buy the home.

The Housing Choice Voucher program offers qualified families monthly aid or assistance with home ownership expenses.

Grant programs are gifts which do not have to be repaid and the property does not get a lien on the property note or deed. Grants help cover a portion or all of the cost of down payment including closing costs and can provide instant equity.

Active duty and veteran military personnel can qualify for programs offered by the Veterans Affairs (VA) and numerous other non profit companies that provide assistance to buy a home.

If you qualify, these home assistance programs can help you achieve the dream of homeownership and safe shelter for you and your family.