How often have you turned down a residential street to see a “For Sale” sign planted on a front lawn? How often have you wished you could put a bid on a house, and move into your very own home without having to worry about going through a lease and obeying a landlord’s rules? In this age of economic uncertainty, it may seem an impossible dream to buy a home, but there is some good news on the horizon. As real estate prices are predicted to fall from 2009 through 2010, one may be able to find a good home at a great price.
The question then becomes, how does one buy a home with so little down? You may be concerned if you can keep up payments, but there is assistance you may not realize exists. Did you know you could qualify for a government grant or loan to help with the down payment and closing costs on a home? If you know where to look and where to apply, you could receive several thousand dollars to use toward making a house purchase in the US.
For first-time buyers, however, Virginia has no specific grant programs. This doesn’t mean, however, you can’t apply for a grant or loan to buy a home. There are other opportunities available. When you visit the website of the US Department of Housing and Urban Development you can research your option and choose a program that could assist you in your home-buying endeavors. Another good government site to browse is Grants.gov, which lists available government assistance to citizens who qualify.
