: Specific funds to help cover the 2%–5% of the home price typically required for closing. Typical Eligibility Requirements
The federal government provides block grants to states and municipalities through the . Local agencies use these funds to create: federal home buying grants
To qualify for most federally funded home-buying programs, you generally need: : Specific funds to help cover the 2%–5%
: Most programs are capped at 80%–120% of the Area Median Income (AMI). federal home buying grants
: Offers 100% financing (no down payment) for low- and moderate-income households in eligible rural areas.
: Managed by HUD, this program provides a 50% discount on the list price of a home for law enforcement officers, teachers, firefighters, and EMTs in revitalization areas.
: Defined as not having owned a home in the past three years.