What are first-time home buyer grants?

First-time home buyer grants include cash and forgivable or deferred-payment loans to help with down payments and closing costs. First-time home buyers can also access low down payment mortgage loans and homebuyer education through grant programs for first-time buyers .

How much are first-time home buyer grants?

Some first-time home buyer grants offer as much as $100,000 in assistance, while others provide as little as $500. The amount of grant money you qualify for depends on the programs available in your state as well as qualifying factors like income and where you plan to buy.

How do you qualify for first-time home buyer grants?

Eligibility requirements " for first-time home buyer grants vary somewhat from program to program, but you can generally expect to have to meet certain income and credit requirements, complete a homebuyer education course, agree to use the home as your primary residence, apply for a mortgage with a program-approved lender, and use at least some of your own funds toward a home purchase.

Katy Byrom

Content Writer

Katy Byrom is a content writer for Anytime Estimate and other Clever Real Estate brands. She's passionate about helping people unpack the complexities of real estate and make more informed decisions around buying selling and investing.

Prior to joining Clever, Katy worked for a variety of startups and nonprofits as a writer, editor, content manager, and marketing director.

She holds a B.A. from San Diego State University and an M.A. in psychology from Pepperdine University.

When she isn't writing for Clever, Katy can usually be found scouring used book stores, exploring new hiking trails with her cocker spaniels, or making trouble with her 13 nieces and nephews.

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