| Do you know someone who is planning on buying a | | | | After you have been approved for this grant, you may |
| new home? First time home buyers may qualify for a | | | | get the money is just one week. Usually the money will |
| government grant that will help them make this big | | | | be sent directly to you and other times it is credited to |
| purchase. These grants are free money that can help | | | | your mortgage. This grant is not dependent on a credit |
| future homeowners make a down payment on their | | | | check and no collateral is needed, but you will need to |
| new home or help them with the closing costs. The | | | | prove your home offer has been accepted and that |
| money received from these grants does not have to | | | | you have negotiated a mortgage. Sometimes the |
| be paid back. | | | | requirements do change, but this is the general |
| Different government agencies handle first time home | | | | process. |
| buyer grant applications in different ways. Depending | | | | The actual terms of the grant also vary. Sometimes it |
| on the funds grated in your area, there are different | | | | is expected that you will have been the homeowner |
| amounts of money available. Search a current grant | | | | for at least three years. If you do not keep the home |
| directory to find out what first time home buyer grants | | | | for three years, you might have to repay the grant. A |
| are available to you. You can also research the | | | | grant directory will help you find the best grant for your |
| process of submitting an application. | | | | particular situation. |