New Home Buyers Grants

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The announcement yesterday was among a series of changes to expand grants for home buyers who want to live with or near their. Singles will get a new $10,000 housing grant when they buy a resale.

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The grants are designed to meet the needs of first-time home buyers without the savings to do so. Your potential purchase may qualify if you can answer "yes" to the below questions: Is the application amount no more than $484,350? Is the home a single-family residence (one-unit home, condo or townhouse)?

First-time homebuyers who complete a homeownership education program, may qualify for up to $5000 for a down payment and/or closing costs.

. grant program to help the first time home buyers take the first steps out of renting and into purchasing a new home. The best thing is, the grant is non-repayable so the program is a true gift.".

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Local grants and programs. Before buying a home, check your state’s or community’s website for information on housing grants and programs available in your area. You also might consider contacting a real estate agent or local HUD-approved housing counseling agency to learn more about programs in your area that might apply to your situation.

In addition, the federal government offers home buying grants for first time home buyers in New York. This program is maintained by the United States Department of Housing and Urban Development and is called the Homes and Communities program.