Sunday, 24 May 2015

First Time Home Buyer Grants For Single Mothers-Apply Free And Approved

Single mothers need a hygienic, safe and decent shelter for her family but purchasing a house with the inadequate income levels and insufficient savings can be a daunting job. Home purchasing can be very expensive hence mothers need financial aid, grants and benefit programs that will help them fulfill their dream of homeownership.
The federal government, state, non-profits, and accredited agencies offer help with the expenses of buying homes for the first time and with down payment, mortgages, interest rates, discounts and loans associated with purchasing. Single mothers can now accomplish their dream of owning homes even with their limited budget and income.
Purchasing a home for the first time involves making a lot of decisions and managing funds prudently. It includes two eligibility criteria:
The income of the mother needs to be within the stated limits
The mother must not have any homeownership in the past three years
Here are some of the housing assistance programs that mothers can seek to purchase their dream home
Fannie Mae
Fannie Mae is a government-sponsored enterprise that offers home purchasing aid to single mothers with the financial crisis. The organization sells a large number of foreclosed homes which can be available for people with good credit scores. Moreover, it offers easy credit evaluations and smaller down payments.
First Time Home Buyer Grants For Single Mothers
Habitat for Humanity
Habitat for Humanity is a non-profit and non-governmental international organization that works for building homes for the eligible low-income families. Habitat offices are all community-level which builds homes and communities using voluntary labor and sell houses at non-profit. Habitat is the largest non-for-profit community builder in the world.

Federal Housing Association (FHA) Loans
The Federal Housing Association (FHA) offers various programs that can aid single moms to purchase homes. FHA loans do not require rental history and can be offered to single moms with low credit scores. Loans with low down payment of 3.5% and 96.5% mortgage can also be availed. These loans, insured by FHA, are generally offered by credit union or bank. Single moms can get benefits like lower closing costs, lower down payments, and easy credit approval.
Section 8 Housing Choice Voucher Program
It offers housing assistance to single mothers to purchase single family houses, apartment or townhouse and reside in privately owned houses or in complexes. Mothers can now reside with their families in safe, hygienic and decent houses that must meet the set quality, health and safety standards of HUD. The landlord is paid the major portion of the rent by the Housing Authority every month and the rest is compensated by the applicants. Contact your local Public Housing Agency for the assistance.
AmeriDream Inc.
AmeriDream Inc. provides assistance to many low-income single mothers in purchasing homes. The Down Payment Assistance program helps by providing the required down payments. The grant is also considered as a financial gift and doesn't require re-payment. This charitable organization also provides services like Home Retention Program that offers foreclosure prevention and counseling to people who are going through various hardships such as unemployment, sickness or divorce.
In addition, single mothers can avail government subsidized housing homes, public housing program and support from the state, local, community agencies and non-profits to fulfill their dream of purchasing a home within affordable range.

Tags- first time home buyer programs for single mothers,single parents buying a house, home purchase single mothers,single parent home buyer, for senior citizens,for low income people.
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Monday, 27 April 2015

Housing Grants For Single Moms in New York-Home Buyer and Repair Grants

Are you a single mother fretting about the ways to get grants in New York for an affordable and safe housing for your family or kids? Well, don’t worry! The state understands the indispensable need for a secure shelter to raise a family and live independently. If you are a single mom having financial constraints and limited bank balance then affording a house can be a challenge but with the numerous grants offered in New York, this dream can now turn into reality.
Have a look at the article suggesting about cash assistance or economic support for your dream home. Apply today with the New York state and get your grant money.
The Federal and State Housing Programs
New York Section 8 Housing Choice Voucher Program
This housing assistance program, administered by the state’s public housing agencies (PHAs), offers single mothers clean and decent housing in the private market. Applicants can look for their own homes that include townhouses, apartments, and single-family houses. However, the chosen houses must meet the set quality and payment requirements of the program and have minimum health and safety standards.
The federal funds for the voucher program are allocated by the HUD to the PHAs. According to the program, every month, a prior decided subsidized rent will be given along with the single mom’s 30% income. The decision is made based on the income and family size of the household.
Housing Grants Single Moms New York
New York Public Housing Program
Financially depressed single mothers in New York can now avail safe rental housing of all sizes and types. The state, under the New York City Housing Authority, owns more than 175000 housing apartments for allocating them to eligible applicants. Families pay 30% of the subsidized rent.
Family Self-Sufficiency Program
FSS seeks to offer educational programs and employment skills to single mothers, enabling them to upgrade their skills for better-paying jobs. Several single moms run out of jobs due to lack of skills hence the FSS offers them the required training that improves their ability, facilitating economically sound jobs in the long run.
Nonprofit Housing Programs
Besides these federal and state programs, there are charities, nonprofits, religious centers, and accredited agencies that offer housing assistance, emergency funding benefits, home eviction prevention programs and homelessness prevention support. Some of the prominent names offering housing aid services are listed:
The New York City Department of Homeless Services: paying off rent and preventing homelessness
Center for Urban Community Services: homeless prevention and permanent or transitional housing
Family Eviction Prevention Supplement: payments to pay off back rent and monthly subsidy payment
Emergency Cash Grants: covers housing expenses like energy costs, tenants’ rent, security deposits and prevents homelessness
Hebrew and Jewish Society: gives loans without interest to cover emergency rents or any housing costs
Living in Communities: grants to recently evicted for subsidized monthly rent payment in a new shelter or apartment
NYC emergency solution grants: funds to prevent homelessness or to cover essential housing expenses
Coalition for the Homeless: emergency shelter, transitional housing, cash and loan assistance for evicted individuals
Community Service Society: funds for emergency rent or mortgage payments, assistance with foreclosure and offers short-term rent subsidies
Emergency Relocation Assistance: pays for first month’s utility/ security deposits, rent and relocation services for or to be evicted families
Habitat for Humanity: builds quality homes for deprived single mothers
And it still continues, the list for home assistance is unending in New York. Even Catholic charities, churches, every city in the state and law firms offer support for financing, housing, eviction, homelessness and rental needs. Gather all the required information on New York housing grants for single moms and apply to attain your dream home for the perfect shelter for your family.

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Tags- first time home buyer grants,hud home improvement grants,free grants for first time home buyers,for single mothers,for senior citizens,for low income people,housing assistance.
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