Whether you have recently become a single mother through the death of a spouse or divorce; or you have been a single mother since the birth of your child, you may benefit in knowing how to find housing grants. The government, both state of federal allocate fund in various forms to aid in home buying. In this article we will discuss how to find grants for single mothers to buy a home.
If you ask yourself the following questions and you answer yes to one of them, you may be a candidate for a grant:
- Are you considering buying a new home?
- Are you going back to school?
- Do you work with a non-profit organizations?
- Are you planning to become involved with something that may help your community?
Navigating the grant and funding field can be somewhat of a maze. There is no one department dedicated to offering grants for single mothers to buy a home. Money is allocated in a variety of ways, some given to individuals but more and more being put in the hands of companies. One of the first places you may want to try is your local housing authority. There may not be the need to go national when there could very well be an adequate home buying program right in your own state.
If going national seems to be the only option open for you then one good place to start is HUD. HUD is short for Housing and Urban Development. They specialize in the re-selling of foreclosed homes and focus on lower income families and individuals. HUD does make grant money available for single mothers to buy homes. However they do not allocate it to individuals. HUD offers the money to companies that help lower income and disadvantages people acquire good housing. Meeting with a HUD counselor can prove quite beneficial. They can offer advice on where to look for the grant money and help navigate the home buying process.
Another possible option is to purchase a home through the Habitat for Humanity organization. Habitat for humanity looks at the individual’s need for the home. Their willingness to work with habitat for humanity of future projects as well as their ability to repay an interest free loan. Habitat for Humanity does some amazing work getting people into great homes at an affordable price. By contacting www.habitat.org one can learn about the program and how to qualify.
Another option is to open an individual development account. These are matched saving programs that can be used for home buying purposes, college tuition, or starting up a small business. Community organizations help in the set up of these accounts. By logging onto the corporation for economic developments website you can find out which communities and organizations participate in the scheme.
As you can see there are several possibilities for grants for single mothers to buy homes. There is no one department dedicated to this, funding is wide spread and varied. This should not stop anyone from looking. Although very wide spread, the funding does still exist. With some perseverance, the internet and telephone you can be well on your way to finding grants for single mothers to buy a home.
