Financial Assistance for First Time Home Buyers

By: Jerry Work


Bad credit, good credit or no credit at all and you may be in prime contention to receive free government money to assist with purchasing your first home. First time buyer funds may be available to thousans, if not millions of american citizens to purchase their first home regardless of your credit history.

The government seems to overlook your financial history regardless of your spending habits when it comes to home and property sales. When the government steps in their goal is to drive growth in tax revenues from property owners, which overtime should help the growth and stability of the US economy. Historically, until the recent economical climate, most homeowners will produce a mortgage payment before making payments on other debt they carry. The government is aware of this therefore allocate funds for home buyers. A home purchase is the most substantial purchase most Americans will make and the government is here to help.

From the Governments point of view, their risk is minimized by the fact they can take possession of your home or property and put it back on the market. If you find yourself in a situation where you are unable to pay your mortgage, they will take over the property and make it available for the next first time buyer. Regardless of who resides in the home the government will continue to receive proprty taxes on the home and property.

While true in the past and especially true today, the government should and will extend its financial arm to assist people with home purchases. This includes free grants or financial assistance to first time buyers. In many cases you can fully pay your down payment with their assistance.

If you're a first time home buyer, do your homework an make sure you explore every avenue available from the government. Besides if you're a tax payer you can look at it as a tax credit, right? Visit any search engine and search for "government grants for first time home buyers" and you'll be amazed at the amount of information available. Search for the grant, then search for the home. You'll be glad you did.

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