Grant Program Gives Home Buyers Down Payment Money

“We have been trying for four years to save enough for a down payment, but we just never seem to accumulate enough,” said Neil Buckley, 37.

“We got married four years ago and thought we’d be out of our apartment by now, but now due to unforeseen circumstances it’s even harder,” said his wife, Heidi Buckley, 29.

The Buckley’s are like many young couples today. They are actually paying more per month in rent than what it would cost for a mortgage payment, so there is no question that they can afford to own a home. Their problem is that they have not been able to save for the down payment and closing costs.

“We want to help as many people as possible move from apartment living to home ownership, sooner rather than later,” explained Camie Larson, founder of IntegraLoan.com.

There has never been a time in U.S. history when buying a home has been more difficult, and Americans are now leveraged more than ever, according to U.S. Department of Commerce reports. A record 68 percent of Americans own their own homes.

“Getting a grant that does not have to be repaid is a great help to people who just would not be able to get out of renting and into home ownership,” said Larson.

There were an estimated 121 million housing units in the United States in the third quarter of 2003, according to the latest U.S. Census report issued by the U.S. Department of Commerce. Of those units, approximately 105.5 million were occupied by 72.2 million owners and 33.3 million renters. There were 15.5 million units vacant.

“We have found a large source of grants that can be used for down payments for first-time and non first time home buyers. These funds are provided strictly as a grant, which is like a gift. It never has to be repaid,” said Larson.

The grant program complies with the guidelines for down payment assistance programs as defined by the FHA and conventional lenders. This means buyers can purchase a new home right away.

“Now they can take advantage of the really low interest rates before they start going up, and they don’t have to pass up a great deal on a house just because they do not have a down payment,” explained Larson.

Buyers must apply for a mortgage and meet all the regular credit and other qualifications, but now they do not have to worry about the down payment. The grant does not enable them to qualify for a larger mortgage, nor does it eliminate credit problems, but it simply provides a cash grant equal to the amount needed to pay the required down payment for the house.

“We would have never been able to buy our house if it was not for Camie at IntegraLoan.com. Camie made our dream come true. Now we have our own home, a yard, and a nice neighborhood for our kids to grow up in,” said Debbie Gittins, with a large smile on her face.

The grant funds are currently available, but the marketplace is always changing, so Larson recommends that home buyers contact her immediately while they still can.

“You do not have to have a house lined up yet. It is a good idea to take care of the grant and your mortgage loan first so you know exactly how much house you can afford to look for. When you tell a seller that you have a pre-approved loan and you are ready to buy you will have a tremendous advantage,” said Larson.

IntegraLoan.com provides both mortgages and grants to qualified first time and non first time home buyers.

The grant program is currently available to home buyers in Utah, Colorado, Montana, and Idaho. Interested buyers should visit IntegraLoan.com or call (800) 924-6424.

Contact Camie Larson, 800-924-6424 http://IntegraLoan.com

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Reprinted from Zongoo! Finances