Promising Grants for First-Time Homebuyers
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Via investopedia.com
Buying a home can be an exciting experience, but it’s also one that carries with it significant costs. Upfront expenses like closing costs, appraisals, home inspections, and origination fees can quickly add up, making it hard to bid on the home of your dreams. Grants for first-time homebuyers can help alleviate some of these costs.
Several organizations provide financial assistance to homebuyers, and finding the best grants for first-time homebuyers often means evaluating local, state, and federal programs. The best grant for you will depend on several factors, including your location, income, desired property, and profession.
Best Grants for First-Time Homebuyers of 2021
- Best Overall: National Homebuyers Fund, Inc.
- Best for Active Duty Military & Veterans: Pen Fed Dream Makers Grant
- Best for First Responders: Good Neighbor Next Door Program
- Best for Underrepresented People: Chase Enhanced Homebuyer Grant
- Best for Low Income: American Dream Down payment Initiative
- Best for Foreclosures: Fannie Mae HFA Preferred Incentive Program
