Tuesday, 10 January 2017

USDA Housing Grants Assistance and Home Loans For Low Income

Low income families looking for housing assistance and home loans can turn to USDA for financial help. USDA provides housing opportunities in rural areas, renovation grants, and home repair programs to low income and very low income households. Moreover, low-interest home loans are also available for emergency needs to help pay off rents. Let’s read about them.
Multi-Family Housing Rental Assistance
This program pays the owners of the Rural Rental Housing to compensate the rent the low income tenants cannot pay. The tenants pay the rent according to their income levels and the remaining is paid by the USDA. The rental assistance is offered for apartments in existing or new Rural Rental Housing financed properties. The funds are offered to properties occupied by very low and low-income tenants who can’t pay their rents. The first priority is given to those with very low income i.e. who have income below 50%-80% of area median income.

Mutual Self-Help Housing Grants
USDA gives grants to organizations that financially help low and very low income people to construct their own houses. These are self-help construction projects supervised by organizations and constructed by eligible families or individuals in rural areas. The construction labor is provided by the group members while the technical assistance is provided by the in-charge organization.
The grant program was initiated to offer financially deprived families affordable, safe and decent homes to live in. The very low income people who reside in substandard houses are given first priority.
Home Loans For Low Income
Single Family Housing Direct Home Loans
Low and very income people can apply for the loan program to get affordable, safe and decent housing in rural areas. It offers payment assistance that can reduce the mortgage payment for a certain period. The family income is the determining factor for the loan amount.

The loan amount may be used to purchase home in rural areas that have less than 35,000 population, to repair, build, renovate or relocate a home. An applicant’s income levels, debts, assets, and repayment ability are the deciding factor for the loan amount. Moreover, the loan amount cannot exceed Area’s Loan Limits.
The eligibility criteria to apply are:
Applicants should not have a decent and safe house
Should not be able to get loan from other resources
The house should be the primary property and occupied by the applicant
Should be legal U.S. citizens
Have the ability to repay debts
Single Family Housing Guaranteed Loan Program
Low and moderate income people can get a loan from USDA to get decent, safe and sanitary houses to live in. The loan amount can also be used to repair, renovate, build, rehabilitate or relocate a house in a rural area. To apply applicants must go to an approved lender in their state. To apply applicants must:

Have needed income eligibility
Be legal U.S. citizens
Should be eligible to participate in federal programs
Meet credit obligations on time
Start applying soon for USDA Housing Assistance and Home Loans. For more information do visit USDA site.

Tags- first time home buyer grants, home loan program, housing assistance, mortgage assistance, home repair, home improvements, window replacement, roof repair grants.
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Friday, 6 January 2017

New HUD Housing Grants Assistance For Affordable Living

Every year HUD expands its grants and benefit programs to offer decent housing assistance and provide stable and decent living conditions for the low-income earners. In 2016 HUD has implemented many grant programs to offer the best possible financial help to those living at poverty levels. Let’s read about the new HUD grants.
According to a November press release HUD and VA have announced to grant $18.5 million to provide permanent housing to almost 2100 Veterans. The grant is targeted towards 39 local public housing agencies in U.S. and it will be administered through the HUD-VASH program. Vulnerable homeless Veterans from different communities will be given supportive services and affordable and stable housing assistance through the HUD-VASH Project Based Vouchers.
Since its inception in 2008, the HUD-VASH program has awarded more than 79,000 vouchers to about 111,000 homeless Veterans.
Furthermore in December HUD and VA announced to provide additional $2.9 million to provide 529 homeless Veterans in rural areas with permanent homes. The grant money will be given to local public housing agencies working to provide affordable housing.

HUD Grants for Youths Living in Public Housing
HUD has awarded 9 Public Housing Authorities almost $2.5 million to hire Education Navigators to help youths of 15-20 years and their families living in Public housings apply for higher educational degrees. The program, named the Resident Opportunities and Self Sufficiency for Education Program, will assist in applying for post-secondary degrees and federal student aid for college and will guide them with the application process. Youths will now get assistance to apply for FASFA and post-secondary programs for a brighter future and flourishing lives.
New HUD Housing Grants
Local Homeless Grant Program
In 2010 President Obama had launched a strategy-Opening Doors: Federal Strategic Plan to Prevent and End Homelessness. In respect to that plan HUD has awarded $1.95 billion grant money to end chronic homelessness and provide shelter to all. The grant has been awarded to approximately 7,600 homeless assistance programs that serve individuals and families facing homelessness.
Internet Benefits for Low Income Families
HUD’s ConnectHome and Comcast took the initiative to expand their internet services to low income families. It was an act of bridging the Digital Divide between the rich and the poor. The high speed internet program-Internet Essentials is targeted for the families living at poverty levels, public housing residents, and HUD housing residents. People availing the Housing Choice Voucher Program, Public Housing Program, and Multifamily Program can also avail the internet benefits if they reside in Comcast service areas.
Grants for Public Housing Residents
Public Housing Authorities, Native American Tribes, Public Housing Resident Associations and nonprofit organizations have been awarded $32 million. This initiative has been taken to hire service coordinators for the residents to help them with educational opportunities, provide job training, find decent and stable jobs, connect with placement programs and gain financial independence. 
Research well about the new HUD grants and start applying soon. For more information read 2016 Housing Grants for You.

Tags- hud housing grants, home repair grants, home buyer grants for veterans, home buyer grants for low income, housing grants for single moms, home improvement grants.
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Thursday, 29 December 2016

Important Steps And Tips To Avoid Foreclosure-Mortgage Assistance

Signing a mortgage doesn’t mean you think of losing your home but many unfortunate circumstances can lead to the foreclosure nightmare. Sudden lost jobs, serious medical issues or financial loss can bring major monetary crisis, making it quite impossible to make your mortgage payments
If stuck you need to follow some important steps and tips to avoid foreclosure. Read on to know.
Communicating with Your Lender
The moment you realize you are lagging behind your mortgage payments contact your lender. The lender should be aware of your financial problems to help you make a plan to avoid foreclosure. Lenders have foreclosure prevention options and can work-up the best plan suited for you. Avoiding their emails or calls will only create legal issues and take you to a foreclosure court. Don’t be embarrassed to tell your problems and seek help.
Research About Your Mortgage Rights
Read well your loan documents, the laws stated, the consequences if you can’t repay and the timeframe your state gives to pay back. Also, contact the State Government Housing Office for more detailed information.
Mortgage Payment Assistance
Know Your Mortgage Options
HUD has implemented many foreclosure options for homeowners who are at risk of losing their homes. A complete knowledge of your mortgage type and all the available options will help you choose the best to avoid foreclosure. Some important foreclosure options are:
Home Affordable Refinance Program (HARP)
Principal Reduction Alternative
Emergency Homeowners’ Loan Program (EHLP)
FHA Special Forbearance
Second Lien Modification Program (2MP)
Remember there are special rules for FHA insured loans, VA insured loans and conventional loans. If you are FHA insured which is part of HUD your lender will have to follow certain guidelines. If the lender disagrees you can contact FHA's National Servicing Center and/or FHA Outreach Center; call them or send them an email.

If you have conventional loans talk to a housing counselor approved by HUD. You can also contact HOPE NOW to help you sort out with your lender.
Contact a HUD Counselor
It stuck with foreclosure problem get assistance from HUD approved housing counselors. The housing counseling services are offered for free or at very reduced price that can help you organize your finances, tell you the laws, offer the best options and plan your expenditure. They can also represent you to negotiate with your lenders.
Don’t Get Into Scams
Many dishonest companies and/or for-profit companies may offer you deals to settle your foreclosure with your lender. Well, remember these are scams. They rarely live up to their promises and moreover, charge a hefty amount for their services. Do not fall for fake promises like promising to stop foreclosure or encouraging filing for bankruptcy or asking to make prior payments to them. Also, never sign any foreclosure rescue document without thoroughly reading it. It’s best to seek help from HUD counselors and trusted and verified professionals.
Follow these vital steps and avoid foreclosure to reside happily with your family in your home.

Tags- home buyer grants, home repair grants, home mortgage assistance, home repair for single moms, home buyer grants senior citizens, housing grants low income, mortgage payments.
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Thursday, 22 December 2016

Apply For Individual HUD Housing Grants And Financial Assistance

Apply for individual HUD housing grants and get financial assistance and benefit programs from the government to reside in a decent affordable home.
If you are applying for HUD Housing grants as an individual i.e, not on behalf of an organization or nonprofit organization then you need to follow few important steps to keep in mind. Grants for individual applicants are limited and are not granted directly. While applying for grants remember to select the ‘Individual’ option and then search for grants. The article will help you gain an insight into the key points to remember and the HUD housing grants that are available for individual applicants.
Important Points to Remember Before You Apply
Individuals are not entitled to direct loans or grants from HUD. To get grants, individuals must contact local governments and nonprofit organizations that provide financial assistance and counseling
Housing grants are not directly given to individuals. Mostly they are allocated to states and municipalities that are later distributed to eligible residents who qualify for the funds

The grants do not cover 100% of the housing cost
Qualifying for a mortgage is a necessity. HUD grants are only given to those who can use them towards a mortgage
If you are a first time home buyer looking for federal grants then you need to attend Housing Counseling class approved by HUD. The counseling sessions provide an insight into the grant process and help to organize the finances that enable one to qualify for a mortgage.
HUD Housing Grants
Section 8 Housing Choice Voucher Program: very low-income families, individuals, elderly and the disabled are eligible for the program that offers safe, affordable and decent housing provisions. Applicants can select their own houses i.e. townhouses, single-family homes, and apartments. Administered by the Public Housing Agencies (PHA), the applicants are issued housing vouchers to find suitable housing units. Once the owner agrees to rent the house under the program a housing subsidy is paid directly by the PHA to the landlord on behalf of the renter. The renter later pays the difference in the amount subsidized and the actual rent charged.
Assistance from Local Government: HUD grants are often allocated to state and local governments later to be granted to eligible participants. Contact your state and local government and county offices for assistance with housing grants.
Housing Counseling: HUD has a complete list of all housing counseling agencies throughout the country. Before looking for grants visit the agencies to get a complete knowledge of home purchasing, credit issues, renting, foreclosures, reverse mortgages, defaults etc.
Local Home Buyer Program: several housing programs are often sponsored by accredited organizations and state and local governments do look for them. For example in Texas, there are housing resources for seniors and for emergency situations. Ohio provides rural housing programs and homeownership vouchers. Visit the HUD page for more information.
Privately and Publicly Owned Subsidized Housing: Public housings are subsidized federal rental property funded by HUD and managed by local housing authorities. You must meet the eligibility criteria to qualify as a renter and the housing authority determines your rent.
Private housings are owned by landlords and property management companies who offer their homes at reduced rates. The rent is decided either by the landlords or it depends on your monthly income.
Individual applicants can also check with the GovBenefits.gov for more information on housing grants, eligibility criteria through a free and confidential online screening tool. You may also apply for HUD loan programs. Research well and apply for HUD housing grants for individuals.

Tags- home buyer grants, housing grants, housing for low income individuals, low income housing grants, HUD home repair grants, home repair grants for single mothers.
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Thursday, 15 December 2016

Free Housing Grants And Home Buyer Grants For Teachers

Teachers enrolled in schools located in remote areas or in rural communities find it difficult to get safe and decent homes to reside. Moreover, the restricted income levels and low savings can be an additional financial burden. Hence, to offer help, the federal government, state governments, and recognized institutions offer housing grants to teachers to offset the expenses. A list of grant programs are mentioned below, read and start applying.
Everyday Hero Housing Assistance Fund (EHHAF)
Teachers can now purchase a house with financial help from EHHAF. The organization assists qualified buyers in negotiating purchase and helps with closing costs that are free of any administrative fees. An agent from the organization will work with the seller to negotiate concessions and the service charges are free. Teachers can choose to purchase any type of home-resale, foreclosure or a newly constructed one and there is no time restriction for residing in their houses.
home buyer grants for teachers
State Housing Assistance Programs
Teachers can get special housing benefits from the state governments. The housing grant programs are categorized into two sections-the first program offers teachers who are prepared to teach in schools located in remote areas or hard-to-staff schools for a certain period of time. The second section enables teachers who agree to impart education for a selected number of years. It offers mortgage financing, closing costs or loan forgiving assistance.

State housing programs for teachers may include- Georgia Dreams Home Ownership Program, California’s Extra Credit Teacher Program, Louisiana Teachers Home Buyer Program, The Mississippi Critical Teacher Shortage Act, Arkansas Teacher Housing Development Foundation, Mississippi Moving Expense Reimbursement Program.
Good Next Door Program (Teacher Next Door Program)
The Good Neighbor Next Door Program is administered by the U.S. Department of Housing and Urban Development (HUD) that enables teachers to become homeowners in moderate income neighborhoods or revitalization areas. HUD provides an attractive incentive of 50% discount from the home list price or purchase price.
Teachers must agree to reside in that property for a tenure of 36 months and it must be the sole residence. Eligible candidates can arrange for their own loans and those qualified for FHA financing have a down payment of only $100. The Good Neighbor Next Door Program is applicable to pre-Kindergarten to 12th grade teachers, administrators, law enforcement officers, emergency medical technicians and firefighters.
Housing for Heroes
The Housing for Heroes grants benefit programs and housing assistance like tax breaks, down payment help like lower interest rates, subsidized loans, life insurance and forgiving certain loan portions if the teacher imparts education in understaffed schools or in specific subjects for a given period of time.
Teachers can also get housing assistance from local school districts that offer rented homes at discounted rates to offset their low salaries. Moreover, nonprofits, local & state governments, schools and recognized institutions also offer housing grants for teachers like State Housing Initiative Program (SHIP), USDA Rural Program, Keystone Challenge Fund, Keystone Challenge Fund, Habitat for Humanity and others. Apply soon.

Tags- home buyer grants for teachers, free housing grants, home repair grants, home improvement grants, housing grants for low income teachers, home grants single mothers.
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