| With the billions of dollars in free grant money that the | | | | homework. But anyone who is purchasing a home for |
| government is giving away, government grants for first | | | | the first time should not overlook this option when it |
| time home buyers can also be obtained. These | | | | comes to financing their purchase. This is free money |
| programs can help you with your down payment, | | | | for you that you may never have to pay back. |
| reduce your mortgage interest rate, and even assist | | | | By knocking a couple percentage points off your |
| with your closing costs on the purchase of your new | | | | mortgage rate, you could save hundreds of thousands |
| home. You just need to ask for it. | | | | of dollars over the life of the loan. |
| While a significant portion of these grants are provided | | | | All you need to do is ask for the assistance in order to |
| for low income housing and those facing financial | | | | receive this money. In some cases you have to find |
| hardship, there are plenty of grant programs for those | | | | and apply for these programs yourself, where as |
| who aren't necessarily having a hard time financially. | | | | others may be found just by asking your lender if |
| For example, you can find grants for first time home | | | | there are any special programs available for first time |
| buyers who are purchasing a new home in developing | | | | home buyers. While they may be obligated to tell you, |
| areas. | | | | they may not always be so willing to give up that |
| The grants that are available to you today vary from | | | | information. After all, your lender makes money off the |
| state to state. Each state, county and even city have | | | | size of the loan they sell you. |
| different programs, so you will have to do a little bit of | | | | |