How can i get a first time home buyers loan or grant?

home buyers
I have done some research but cant find any loans or grants that seem legit? Whats the best way to get a first time home buyers loan or grant so that i dont have to pay a down payment.

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6 Responses to “How can i get a first time home buyers loan or grant?”


  1. 1src50

    You won’t get it from the federal government. Your state or local government might have a program.

  2. 2Biggie @ Arbor Mortgage

    You have to come with at least 3% down. There are no zero down programs.

  3. 3NanaNina

    Check with the HUD (Housing and Urban Development) Go to this wesbite:

    There are a number of programs available by state. You didn’t mention what state you lived in but you can filter by state at that website. It is also legit, since it is government funded and run by the US Government.

    Good Luck

  4. 4maxmom56

    Go to fha.gov but forget about no down payment – those mortgages don’t exist anymore.

  5. 5Tomas

    There are non-profit agencies that will give you money for downpaynt/closing costs. A lot of times you’ll need to attend a home buyer education class, which is good to do anyways before they give you money. Talk to a Realtor who can point you in the right direction since you can no longer use ameridream/nehimiah and such. A good lender should also know where to send you. To play it safe go to a bank/mortgage lender and NOT a mortgage broker. ( I don’t have time to explain.. .just trust me on it.)

    One more thing.. depending on where you live…. HUD homes can be purchased for $100 down, you can ask for closing costs when you send the offer… and hud will give you $2500 for closing costs! I have sold 7 HUDs where the buyer’s got a check at closing. You still need to put a deposit (which you get back) and pay for inspection and possibly an appraisal.. but that’s only around $500 to get a house! you can’t even get a car for that these days.

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