National Grants
Government Grant for Military Veterans
Military veterans and those active in any branch of the military are eligible for a Military home buyers government grant gives of up to $5,000 to use for the purchase of a new home. A 3 to 1 match of your down payment will be provided - up to $5,000. For example, if you have a down payment of $1,000, you will receive $3,000. If you have $1,667 you will receive the maximum amount of $5,000. The home must be your primary residence (no investors or second homes) and you cannot have owned a home in the past 3 years. You also must be under the 80% HUD median income limot for your area. (Call me for that figure)
Contact me for more information
HomeStart Government Grant for Home Buyers
Update: Homestart is currently out of funding
HomeStart government grant gives you up to $5,000 to use for the purchase of a new home. This grant is for low income families as defined by HUD (email me or call me and I will explain) . To receive the HomeStart government grant, we will look at how much money you have saved in your bank account. You will then receive 3 times that amount in a grant - up to $5,000. For example, if you saved $1,000, you will receive $3,000. If you have $1,667 you will receive the maximum amount of $5,000. The home must be your primary residence (no investors or second homes).
In Utah, there are only a handful of places you can get HomeStart. Ron Pippin at Bank is one of those few places! Call me and I will help you get approved for this government grant.
City grants and County Government Grants for Home Buyers:
Many counties and cities have "own in (your city)" program. This is money that is available to you from $2,000 to $20,000. Use this home buying grant to pay for a down payment or closing costs. Most often this is a true grant, which means the money does not have to be repaid as long the home is your primary residence and you live in the home for a specific period of time.
Most grants require that you have not owned a home in the last 3 years, although there are a few that don't have this requirement. All home buying grants are income based. This means that if you make too much money then you will not qualify. How much that income is depends on the area you are moving to and how many people are in the home. Call me for details.
IMPORTANT LINKS
Here are links to specific Utah Governments Home Buyer Grants:
(Other states and more links will be coming soon)
Box Elder County is $2,000
Cache County is $2,000
Clearfield, Utah is $5,000
Davis County is $2,000
Hurricane, Utah is $2,000
Kearns, Utah is up to $10,000
Layton, Utah is $5,000
Logan, Utah is up to $7,500
Magna, Utah is $10,000
Murray, Utah is up to $5,000
Ogden, Utah is $5,000
Provo, Utah is up to $20,000
Rich County is $2,000
Riverdale, Utah is up to $10,000
Salt Lake City is up to $10,000
Sandy, Utah is up to $10,000
St George, Utah is up to $6,000
Taylorsville, Utah is $5,000
Tooele, Utah is $2,000
Utah County is up to $10,000
Weber County Grant is $5,000
West Valley, Utah is $5,000
Ron Pippin has a list with over 45 Utah Home Buying Government Grants so if I don't have your link active yet or your city or County is not listed, call me! Check with me to find out which programs have funding right now and which you may qualify for.
Half Price Home Program
Teacher Next Door Government Grant
Teacher Next Door is a government grant where teachers can obtain grants for homes and may be able to buy a home for 50% of the home value. Teachers must by purchasing a home within the school district in which they teach and may be subject to “targeted areas”. The home must be the primary residence.
Not much is covered about this program simply because, though a great concept, it is extremely difficult to find a home covered by this program.
Cop Next Door Government Grant
This is the same as “Teacher Next Door” but is a program designed specifically for police officers.
Firefighter Next Door Government Grant
This is the same as “Teacher Next Door” but is a program designed specifically for Firefighters.
Doctor Next Door Government Grant
This is the same as “Teacher Next Door” but is a program designed specifically for Doctors.
Good Neighbor Next Door Governement Grant
HUD has combined the Teacher Next Door, Cop Next Door, Firefighter Next and Doctor Next Door into one program now called the Good Neighbor Next Door.
Down Payment Assistance For Home Buyers
Down Payment Assitant programs, like Nehamia,have all been discontinued.
There are some so called "down payment assistance" programs such as Nehemiah or Neighborhood Gold programs. There are many with other various names. Though they are presented as grants or down payment assistance programs they are not a true grant.
The seller of the home must be willing to "participate". What really happens is that the seller pays the "grant" back from their funds along with an administration fee. In effect the seller is paying your down payment. This type of program only works with FHA loans as all other types of loans will not accept the funds.