New program to help homeowners

Tennessee Program Website. Once you click the button, a new window will open with instructions on creating an account to begin the application process. Following are some of the main requirements to apply. This article originally appeared on GOBankingRates. Vance Cariaga 1 day ago. Sirhan Sirhan, RFK assassin, denied parole. Load Error. Microsoft and partners may be compensated if you purchase something through recommended links in this article. Found the story interesting?

Like us on Facebook to see similar stories. Closing cost assistance is in the form of a grant and does not need to be repaid. The Federal tax credit for first-time homebuyers ended in September and is no longer available. Most programs and grants for first-time home buyers can be found at the local level. You can check for local grants and programs in your city by visiting the HUD website.

Many of the programs have income limits and maximum home purchase prices you must meet to qualify. Grants and programs range from forgivable loans to down payment assistance. The assistance funds come in the form of a zero-interest second mortgage in combination with an FHA-insured home loan. Since Chenoa Funds offer 3.

If and when your application is approved, the funds are typically sent directly to your mortgage lender and other providers. Plus, we explain how to lower mortgage payments as interest rates rocket. Email us at exclusive the-sun. Like us on Facebook at www. Jump directly to the content. The Department of Housing and Urban Development HUD offers a variety of federal programs that may be able to help you purchase a home if you qualify for assistance:. In addition to all the programs, HUD funds approved housing counseling agencies throughout the country that can provide advice on many housing-related topics, including buying a home.

Use this map to find one in your state. If you are interested in a foreclosure-related property, reach out to a licensed real estate agent who will be able to advise you on when the property may be available for purchase. The down payment and closing costs are low. The FHA doesn't lend money to people.