If you’re considering buying a new home, now is a great time. Not only can you obtain free grant money for your home mortgage and closing costs, but real estate is at all time low prices. You can sit and try to time the market, but one thing is for sure. The real estate market will only go up from here and the opportunities to receive free grant money to buy a home will not be around for long.
The government is trying to desperately stimulate the economy. In doing so, they are unloading billions of dollars in cash. Much of this money is to help the housing market get back to at least a reasonable rate. As it stands, too many people are foreclosing on their homes, too many homes are sitting on the market unsold, and too many people are without jobs as there is no need to build new homes. By providing free money to home buyers, the government hopes to change this excess in home inventory and encourage people to make that move.
Housing grants provide money to help people with closing costs, they provide tax credits, and they may even give you down payment money to make your new home purchase. As long as you keep your home for at least three years, you will never be asked to repay this money.
There are many grants in addition to these programs that you may qualify for, including grants to pay off your credit cards, student loans, and other personal expenses. There is billions of dollars in your tax money being given away to millions of Americans. You are entitled to receive some of this money too.