Build First Home Grant Assistance Programs in Every State

build first home grant

Build first home grant and assistance programs are invaluable resources for young adults and others who are trying to buy a home for the first time. Buying your first home is an exciting milestone, but it can also be an overwhelming process.

One of the biggest challenges is often coming up with enough money for a down payment and closing costs. Fortunately, some government and non-profit organizations offer grant assistance programs to help first-time homebuyers overcome this hurdle.

These programs vary from state to state and can make the difference between being able to afford a home and not.

In this blog post, we will explore the various grant assistance programs available to first-time homebuyers for every state in the United states. So you can find the right program for your needs and take the first step toward homeownership. We also include an FAQ section on questions young adults and others ask about building first home grants.

What is a First Home Grant?

A First home grant is a financial assistance program that provides funds to eligible first-time homebuyers to help them purchase a home. The grant may be offered by the government at the national, state, or local level or by a non-profit organization or private entity. The grant can be in the form of a lump sum payment, a forgivable loan, or a shared equity mortgage.

The first home grant aims to make homeownership more accessible and affordable for first-time home builders or buyers, who may face significant financial barriers to purchasing a home, such as high down payment requirements, closing costs, and other expenses. The grant funds can be used for various expenses related to purchasing a home, including down payment, closing costs, and other expenses related to home buying.

The availability and amount of first-home grants can vary depending on the program and the location in which you are applying. It’s important to carefully review the eligibility requirements and terms and conditions of any first home grant program you are considering and to work with a trusted lender or mortgage professional who can help guide you through the home-buying process and explore all available options for first-time homebuyers.

Who is Eligible For the build First Home Grant?

It’s important to carefully review the eligibility requirements for any first-home grant program you are considering to ensure that you meet the criteria. Preferably, you should work with a trusted lender or mortgage professional to help guide you through the home-buying process and explore all available options for first-time homebuyers.

Eligibility requirements for first home grants can vary depending on the specific program and the jurisdiction in which you apply. However, some general eligibility requirements for first home grants may include:

  • First-time homebuyers: Many first-home grants are targeted specifically toward individuals who are purchasing their first home. This may be defined as someone who has never owned a home before or someone who has not owned a home in a certain number of years.
  • Residency and citizenship: In some cases, first home grants may only be available to individuals who are citizens or permanent residents of the country or state in which they are applying. Some programs may also require that you reside in the home as your primary residence for a certain period of time.
  • Income: Some first home grants may have income eligibility requirements, which may be based on your individual or household income. These requirements may vary depending on the program and the location you are applying to.
  • Property type: Some first-home grants may restrict the type of property you can purchase with the grant funds. For example, some programs may only allow you to purchase a single-family home or a townhouse, while others may allow you to purchase a condominium or co-op.

Here are State-by-State Grant Assistance Programs in the U.S.

Every single state in the United States offers first-time homebuyer assistance grants, as you will see below. It’s important to note that each program may have its own eligibility requirements and restrictions, so it’s crucial to further research the specific programs available in your area.

If you are interested in business grants for young adults, read this post.

Building first home grant

List of States Offering Build First Home Grants in alphabetical order:

Alaska: The Alaska Housing Finance Corporation offers several programs, including the First-time Homebuyer and Veterans Mortgage programs. Also, the FHA offers first-time buyer-friendly home loans, requiring 3.5% down, a minimum 580 credit score, and no income requirements, and the home must be your primary residence Learn more here (not an affiliate link).

Arizona: The Arizona Department of Housing offers the Home Plus Program, which provides down payment and closing cost assistance to eligible borrowers. They also offer the Home in Five Advantage Program, which provides down payment assistance for low-to-moderate income borrowers.

Arkansas: The Arkansas Development Finance Authority offers several programs, including the Home to Own Program and the Arkansas Dream Down Payment Initiative.

California: The California Housing Finance Agency offers several programs, including the MyHome Assistance Program and the School Teacher and Employee Assistance Program.

Connecticut: The Connecticut Housing Finance Authority (CHFA) offers several programs to assist first-time homebuyers, including the CHFA Advantage Program, which offers low-interest mortgages and down payment assistance, and the Homeownership Program for Teachers and Administrators, which provides reduced-rate mortgages to educators. Eligibility criteria and program availability can change, so checking the CHFA website for the most up-to-date information is a good idea.

Colorado: The Colorado Housing and Finance Authority offers several programs, including the CHFA HomeOpener Program and the CHFA FirstStep Program.

Delaware: The Delaware State Housing Authority offers several programs, including the Homebuyer Choice Program and the Delaware First-Time Homebuyer Tax Credit.

District of Columbia: The District of Columbia Housing Finance Agency offers several programs, including the DC Open Doors Program and the Employer-Assisted Housing Program.

Florida: The Florida Housing Finance Corporation offers several programs, including the Florida First and Military Heroes and Homeownership Pool programs.

Georgia: The Georgia Department of Community Affairs offers several programs, including the Georgia Dream Homeownership Program and the Georgia Dream Hardest Hit Fund Program.

Hawaii: The Hawaii Housing Finance and Development Corporation offers several programs, including the Mortgage Credit Certificate Program and the Downpayment Assistance Program.

Idaho: The Idaho Housing and Finance Association offers several programs, including the First Loan and HOME Down Payment Assistance Programs.

Illinois: The Illinois Housing Development Authority offers several programs, including the 1stHomeIllinois Program, and the Access Forgivable Program.

Indiana: The Indiana Housing and Community Development Authority offers several programs, including the My Home Program, and the Next Home Program.

Iowa: The Iowa Finance Authority offers several programs, including the FirstHome Program and the Homes for Iowans Program.

Kansas: The Kansas Housing Resources Corporation (KHRC) offers the First Time Homebuyer Program, which provides assistance with down payment and closing costs. Eligible borrowers must be first-time homebuyers, meet income and purchase price limits, and complete a homebuyer education course. More information can be found on the KHRC website.

Kentucky: The Kentucky Housing Corporation offers several programs, including the Homebuyer Tax Credit Program and the Mortgage Credit Certificate Program.

Louisiana: The Louisiana Housing Corporation offers several programs, including the Market Rate GNMA Program and the Affordable Home Mortgage Program.

Maine: The Maine State Housing Authority offers several programs, including the First Home Program and the Maine Housing Mortgage Credit Certificate Program.

Maryland: The Maryland Department of Housing and Community Development offers several programs, including the Maryland Mortgage Program and the Maryland SmartBuy Program.

Massachusetts: The Massachusetts Housing Partnership offers several programs, including the ONE Mortgage Program and the SoftSecond Loan Program.

Michigan: The Michigan State Housing Development Authority offers several programs, including the MI Home Loan Program and the MI Home Loan Flex Program.

Minnesota: The Minnesota Housing Finance Agency offers several programs, including the Start Up Program and the Step Up Program.

Mississippi: The Mississippi Home Corporation offers several programs, including the Home Saver Program and the Mortgage Credit Certificate Program.

Missouri: The Missouri Housing Development Commission offers several programs, including the First Place Loan Program and the Next Step Program.

First time home building grant

Montana: The Montana Board of Housing offers several programs, including the HomeAccess Program and the Montana Veterans Home Loan Program.

Nebraska: The Nebraska Investment Finance Authority offers several programs, including the First Home Program and the Homebuyer Assistance Program.

Nevada: The Nevada Housing Division offers several programs, including the Home is Possible Program and the Mortgage Credit Certificate Program.

New Hampshire: The New Hampshire Housing Finance Authority offers several programs, including the Home Preferred Program and the Home Flex Program.

New Jersey: The New Jersey Housing and Mortgage Finance Agency offers several programs, including the First-Time Homebuyer Mortgage Program and the NJHMFA Down Payment Assistance Program.

New Mexico: The New Mexico Mortgage Finance Authority offers several programs, including the FirstHome Program and the NextHome Program.

New York: The State of New York Mortgage Agency offers several programs, including the Affordable Homeownership Development Program and the Achieving the Dream Program.

North Carolina: The North Carolina Housing Finance Agency offers several programs, including the NC Home Advantage Mortgage

North Dakota: The North Dakota Housing Finance Agency offers several programs, including the HomeAccess Program and the North Dakota Roots Program.

Ohio: The Ohio Housing Finance Agency offers several programs, including the Ohio Heroes Program and the Ohio First-Time Homebuyer Program.

Oklahoma: The Oklahoma Housing Finance Agency offers several programs, including the Homebuyer Assistance Program and the OHFA Shield Program.

Oregon: The Oregon Housing and Community Services offers several programs, including the Mortgage Credit Certificate Program and the Oregon Bond Residential Loan Program.

Pennsylvania: The Pennsylvania Housing Finance Agency offers several programs, including the HOMEstead Downpayment and Closing Cost Assistance Program and the Keystone Advantage Assistance Loan Program and Closing Cost Assistance Program and the Access Home Modification Program.

Rhode Island: The Rhode Island Housing offers several programs, including the First Down Program and the Mortgage Credit Certificate Program.

South Carolina: The South Carolina State Housing Finance and Development Authority offers several programs,

South Carolina: The South Carolina State Housing Finance and Development Authority offers several programs, including the SC Housing Homebuyer and First-Time Homebuyer programs. Including the Palmetto Heroes Program and the SC Mortgage Tax Credit Program.

South Dakota: The South Dakota Housing Development Authority offers several programs, including the First-Time Homebuyer Program and the Mortgage Credit Certificate Program.

Tennessee: The Tennessee Housing Development Agency offers several programs, including the Great Choice Plus Program and the Hardest Hit Fund Down Payment Assistance Program and the Homeownership for the Brave Program.

Texas: The Texas Department of Housing and Community Affairs offers several programs, including the My First Texas Home Program and the Texas Bootstrap Loan Program.

Utah: The Utah Housing Corporation offers several programs, including the FirstHome Program and the HomeAgain Program.

Virginia: The Virginia Housing Development Authority offers several programs, including the Virginia Housing Choice Voucher Homeownership Program and the Virginia Housing Down Payment Assistance Program.

Vermont: The Vermont Housing Finance Agency offers several programs, including the Vermont Advantage and MOVE programs.

Virginia: The Virginia Housing Development Authority offers several programs, including the VHDA Loan Combo and the Down Payment Assistance Grant.

Washington: The Washington State Housing Finance Commission offers several programs, including the Home Advantage Program and, the House Key Veterans Program, the Home Advantage Downpayment Assistance Program.

West Virginia: The West Virginia Housing Development Fund offers several programs, including the Homeownership Assistance Program and the Homeownership Program.

Wisconsin: The Wisconsin Housing and Economic Development Authority offers several programs, including the WHEDA Advantage Conventional Program and the WHEDA Easy Close Advantage Program.

Wyoming: The Wyoming Community Development Authority offers several programs, including the First-Time Homebuyer Program and the Home Again Program.

A Few Final Words

With so many grant assistance programs available, it’s essential to do your research and find the one that best fits your unique situation. From federal to state programs and even local non-profits, there are a variety of resources to help you achieve your dream of owning a home. Whether you’re looking for down payment assistance, closing cost help, or mortgage subsidies, there is likely a program out there that can provide the support you need. By taking advantage of these programs, you can make the process of buying your first home more manageable and affordable. So, don’t hesitate to explore your options and take advantage of the assistance available to you.

Again, it’s important to note that each state may have additional programs or requirements beyond those listed here, and program availability and eligibility criteria may change over time. Therefore, checking with your state’s housing agency or a local lender for the most up-to-date information on available programs and eligibility requirements is always a good idea.

Frequently Asked Questions (FAQs)

What Can You Do To Qualify For First Home Grants?

The eligibility requirements for first-home grants can vary depending on the specific grant program and the state where you apply. However, here are some common steps you can take to increase your chances of qualifying for a first-home grant:

1). Determine your eligibility: Check the eligibility requirements for the grant programs you want to ensure you meet the criteria. Typically, you will need to be a first-time homebuyer, meet certain income limits, and plan to use the home as your primary residence.

2). Complete a homebuyer education course: Many grant programs require the completion of a homebuyer education course to qualify for assistance. This course can provide valuable home-buying, budgeting, credit, and more information.

3). Check your credit score: Most grant programs require a minimum credit score to qualify. Check your credit report and score to see if there are any errors or issues that need to be addressed before you apply.

4). Save for a down payment: Some grant programs require a minimum down payment, while others may assist. However, having some savings can make you more attractive to lenders and may help you qualify for a larger grant.

5). Work with a lender or housing agency: A lender or housing agency can help you identify grant programs you may be eligible for and guide you through the application process.

The steps listed above can help you increase your chances of qualifying for a first home grant and make your dream of homeownership a reality.

How Much is a First Home Grant?

The amount of the first home grant can vary depending on the specific grant program and the state where you are applying. Additionally, some grant programs may offer a set amount while others may provide a percentage of the home’s purchase price.

For example, the Federal Housing Administration’s (FHA) First-Time Homebuyer Program offers a 3.5% down payment grant for eligible borrowers. In contrast, the California Housing Finance Agency’s (CalHFA) MyHome Assistance Program offers a deferred-payment junior loan of up to 3.5% of the home purchase price to assist with down payment and closing costs.

Some states may also offer additional grant programs specifically for low or moderate-income borrowers, veterans, or other specific groups. It’s important to research the various grant programs available in your area to determine the amount of assistance you may be eligible for.

For first-home grants, is there a limit on the cost of the home you plan to purchase?

Yes, many first-home grant programs have limitations on the cost of the home you are purchasing. These limitations are often set to ensure that the grant funds are used to assist buyers with purchasing affordable homes in line with their income level.

The limitations can vary depending on the grant program and the state where you apply. For example, the FHA’s First-Time Homebuyer Program has limits on the purchase price of the home, which vary by state and county. In contrast, the New York State Homes and Community Renewal’s Affordable Homeownership Development Program has income and purchase price limits based on the area median income and the home’s location.

It’s important to carefully review the eligibility requirements for any grant program you are considering to determine if there are any limitations on the cost of the home you can purchase. This can help you avoid wasting time and resources on grant programs that may not fit your needs well.

Do First Home Grants Apply to Jumbo Loans?

First-home grants are typically intended to help first-time homebuyers purchase homes that are within their financial means and affordable.

On the other hand, Jumbo loans are large loans that exceed the conforming loan limits set by government-sponsored enterprises like Fannie Mae and Freddie Mac.
While some first home grants may allow the use of the grant funds towards a jumbo loan, many grant programs have limitations on the type of loan that can be used to purchase a home.

Additionally, some grant programs may have restrictions on the maximum loan amount that can be used in conjunction with the grant funds.

It’s important to carefully review the eligibility requirements for any first home grant program you are considering to determine if jumbo loans are allowed and if there are any limitations on the maximum loan amount that can be used in conjunction with the grant funds. This can help you avoid wasting time and resources on grant programs that may not fit your needs well.

Is First Home Owners Grant Worth It?

The value of a first homeowners grant can vary depending on the specific grant program and the state where you are applying. However, for many first-time homebuyers, the grant can provide a valuable source of financial assistance that can help make homeownership more affordable and accessible.

In addition to providing financial assistance with down payments, closing costs, or other homebuying expenses, first homeowners grants can also provide educational resources and support to help you navigate the home-buying process. Some grant programs may also offer additional benefits, such as tax credits or reduced interest rates, that can help you save money over the life of your mortgage.

Ultimately, the value of a first home owners grant depends on your individual circumstances and needs.

If you are a first-time homebuyer who is struggling to save for a down payment or facing other financial barriers to homeownership, a first homeowners grant can be a valuable source of assistance that can help you achieve your goals.

However, it’s important to carefully review the eligibility requirements and terms of any grant program you are considering to determine if it’s a good fit for your needs.

How Much Is First Time Home Owner Down Payment?

The amount of the down payment required for first-time homebuyers can vary depending on a number of factors, including the type of mortgage loan you are using and the lender’s requirements.

For example, some conventional mortgage loans require a down payment of at least 5%, while others may require a larger down payment of 10% or more. FHA loans, a popular choice for first-time homebuyers, require a down payment of at least 3.5% of the home’s purchase price. VA loans and USDA loans, designed to help military members and rural homebuyers, respectively, may not require a down payment.

In addition to these minimum down payment requirements, some first-home grant programs may also provide additional assistance to help cover the cost of the down payment or other homebuying expenses. For example, the National Homebuyers Fund offers a down payment assistance grant of up to 5% of the loan amount for eligible borrowers.

It’s important to carefully review the down payment requirements for any mortgage loan you are considering and to explore all available options for down payment assistance, including first homeowners grants and other programs that may be available in your area.

This can help you make a more informed decision and ensure you have the resources to purchase your first home.

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Christine Udeani, JD
Christine Udeani, JD

Christine is a dedicated mother of six young adults and a teenager who has made significant contributions to the online world through her writing and entrepreneurship. She attended Northwestern University, Strayer University, Thomas M Cooley School of Law, NWCULAW, and holds degrees in business, Law, and Communications. She shares tips and experiences to help young adults and their parents with this generation’s issues.

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