Having a roof over our heads is one of our essential needs. We need it to protect ourselves as well as to make us feel secure. Every parent wishes to provide a home for their child or children. Yet when you are a single parent, buying a home may seem too far out of reach. You can hardly make ends meet and buying a house is too much.
Home buying programs make all this possible. It makes the burden much easier to carry since you don’t have to shell out money in one go and the cost of the house will even be something that you can actually afford. It is important for each of use to own our own homes. Aside from the obvious of it providing us shelter, it also gives us an emotional fulfillment.
It feels great to be able to provide a house you can call your very own to your kids. You will also feel the amazing sense of security that no matter what happens, you have a home to come home to.
If you want to make the dream of owning a house come true then here are your options:
Department of Housing and Urban Development
The number one goal of the Department of Housing and Urban Development is to provide housing for families that fall on the very low or low income bracket. They have many grants and programs that range from renting a home to fixing one.
One of the assistance that they could give you is assisting you paying for your home. They will make a plan that is convenient to you but will still provide you with the house that you need. Factors that will determine your loan or discount are income and credit records.
The grants and opportunities offered by this department vary from state to state and from person to person. The only way to know for sure what’s in store for you is to contact an HUD counselor.
Home Investment Partnerships
Home Investment Partnerships is a grant that falls under HUD. This grant has the ability to assist you in purchasing your own home by providing you with the down payment. To be eligible for this program, your income has to fall under 60 percent (or less) than the HUD adjusted median family income in the state or city that you live in.
These programs are granted by the country to each state individually. Terms and conditions apply differently to each city or county. It is best that you approach your local HUD to find out more about the program as there are no fixed numbers.
Filling up and the application itself for these programs is not easy. It will require that you take some time off during the day to procure what you need to apply for these programs. It will take a lot of paper work just to complete your application. Don’t lose hope, it will take a while until you hear from them.