home loan grants

If you are in the process of searching for a home, then you would want to take a look at some of the homeloan grants that are available for first time homeowners. These home loan grants have been designed specifically keeping in mind the different problems that are faced by these home buyers and are a good option to consider when you, yourself are planning to purchase your home.

Good Neighbor Next Door

This program is sponsored by the HUD and its main purpose is to provide housing aid for firefighters, law enforcement officers, emergency medical technicians, and teachers who teach pre-kindergarten through 12^th grade.

Fannie Mae Or Freddie Mac

Government sponsored entities, Fannie Mae and Freddie Mac work with local lenders to provide mortgage options for those families who fall under the low to moderate income bracket. Financial aid
is provided in the form of competitive interest rates and lower down payment.

Energy Efficient Mortgage

A green mortgage as often called, this program is designed to assist homeowners with home improvements and make the home more environmental friendly. This loan is supported by the federal
government through the VA and FHA programs.

Native American Direct Loan

The Native American Veteran Direct Loan program established in 1992 and is focused on providing Native American veterans along with their spouses purchase homes on federal trust lands. This loan has the backing in the form of VA acting as the lender. If eligible, the person won’t have to worry about paying for a down payment or even pay for the private mortgage insurance.

Author Bio:

Joan Gallardo with his 18+ years of experience as Senior Loan Officer is a wealth of knowledge dealing with home loan grants. Read his articles to know about the different home loan grants and programs that are available for homeowners along with tips for acquiring one that best fits your needs.