Home buying assistance generally falls into three main categories:
While each program has its own specific criteria, most share a common framework for qualification: Guide To First-Time Homebuyer Grants - Bankrate home buying grants for low income families
: Often structured as "silent second mortgages," these loans have 0% interest and no monthly payments. The debt is forgiven if the buyer lives in the home for a specific period, usually 5 to 10 years. Home buying assistance generally falls into three main