Looking to Buy a House for the First Time? Here's a Grant Just for You
Looking to Buy a House for the First Time? Here's a Grant Just for You
There is such a thing called as first time house buyer's grant given by the US government. It is true that if you fall under this category of first time home buyers then you too can avail this grant and get yourself your first house free and completely sponsored by the government. Would it not be great to own a house without having to spend a single cent to get it? This is what government grants can empower you to do.
Even the power to grant such funds lies in the hand so of the local government, one can still file applications for such loans up with the state governments too. If you are above the legal application age of 18 then all you have to do is fill a predefined application and file it with the respective government grants authority. Your job is over after filing for the grant, next starts the process of checking and evaluation by the government authorities.
Ok, so you are not a first time buyer, not an issue. You too can be eligible for a grant although not the first timer's grant but there are so many other grants given out by the government that you should not be disheartened at all. Among the larger amount grants come the real state grants and the mortgage grants whereas, among the smaller grants come the home improvement grants, utility grants etc. By getting a house using the first timer's grant you stand to profit more than just a house. You are exempt from a certain percent of tax; you can even be free from the repayment of grant amount if you remain the owner of the house for over 3 years. This is the great advantage of the first timer's house grant.
Just because you are in search of a house for the first time does not mean that you need only apply for that grant. There are so many types and variety of grants that one can apply for anyone of them and even for more than one type of grant. The government fixes no restrictions on the number of grants one can apply for as long as he is eligible for each of those grants. In fact, it is a great strategy applying for more than one loan as it means that your chances increase and you may not get that dream house completely sponsored but you may be able to pay part of the price for it.