7 First Time Home Buyer Grants For 2024
ฝัง
- เผยแพร่เมื่อ 31 ก.ค. 2024
- There are several grants available for first time home buyers that can help with the down payment and closing costs needed to buy a house. In this video, Nicole shares 7 grants available for first time home buyers in 2024 and how to leverage them.
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0:00 Introduction
0:24 State-run Programs
2:57 National Homebuyers Fund
4:45 Grants From Lenders
6:22 Chenoa Fund
8:06 Community Seconds
9:31 Affordable Seconds
10:19 Good Neighbor
- DISCLAIMER -
Nicole Nark is a licensed Realtor and the Principal Broker (PB00083374) of HomeWay Realty. HomeWay Realty is not a lender, does not issue loan qualifications, and does not extend credit of any kind. The topics discussed, and ideas presented are Nicole Nark's opinions and presented for entertainment purposes only. The information presented should not be construed as financial or legal advice. Always do your own due diligence.
Great video! For 2023, it’s hard to nail down specific predictions for the housing market is because it’s not yet clear how quickly or how much the Federal Reserve can bring down inflation and borrowing costs without tanking buyer demand for everything from homes to cars.
@Craig Daniels Given current recession pressures, it is unlikely that the stock will yield substantial returns in the near term. However, it may be a suitable investment opportunity. I will monitor market conditions and consider purchasing when there is an improvement in the relevant economic indicators, any idea which stocks this may be?
@Craig Daniels You are right! I diversified my 450K portfolio across various market with the aid of an investment coach, I have been able to generate a little bit above 750k in net profit within 2 years across high dividend yield stocks, ETF and bonds.
@@tatianastarcic that's actually quite impressive, I could use some Info on your FA, I am looking to make a change on my finances this year as well.
@@richardhudson1243 Having a counselor is essential for portfolio diversification. My advisor is Melissa Scott Glazner who is easily searchable and has extensive knowledge of the financial markets.
Thank you Nicole, you're great.
I have been scouring the internet left and right with no help whatsoever. Thank you so much, you have been more than helpful 🙌🏻💗
Excellent as per usual. Thank you
Thank you! Very clear explanations with enough details for people to see if they might qualify. People also need to know, in cases I missed you saying it, they must live in their home for a year under FHA and most regular bank loans. If you sign the document saying you will and don’t, you can be brought up on Federal fraud charges. There are some exceptions, but buying another home as an investment isn’t one.
I love the video that you did about a year ago on the usda requirements. It was greatly detailed mentioning many different aspects. Like how many tradelines you would need mong many other good points. Can you do a video on the fha and there detailed requirements. You do awesome work. Thank you in advance.
Thanks!!! Very helpful
Thank you so much for the info. Appreciate your time to make it accessible to me. Thank you!
Glad it was helpful!
You are a wealth of knowledge and information!! Thank you!!! 👍
Thank you so much! ☺️ I’m so glad to hear that the video was helpful
Your channel is rich with information.Thank you.
💯 I aim to watch 1 video a day and take notes🤓
This was so helpful! I am buying my first home this 2023, and it’s so scary with how the interest rate has gone up and cost of living feels like no one (in my generation) can buy a home or start a family.
Please continue on making these helpful videos!
You got this! 😊🙌
Wait til spring, my lender thinks that rates will be going down to about 4%. I’m buying a house as well, scary stuff! But so exciting
@@chadhall3846 This comment did not age well.
Please pay attention to Nicole’s comment about an emergency fund. Many, many homebuyers find issues despite a home inspection. Even with an insurance policy to cover the first year, there are deductibles and/or depreciation in most policies. Taxes or insurance can go up. You need the cushion.
@@kenyonbissett3512 thanks for reiterating this point! It’s essential for home buying success! 🙌🏻
Thank you so much for all the information
That was absolutely a great video. Yes please give us more
Thanks Lonnie! I’m already working on the next one for you☺️
Very proud of you. I remember when you had less followers. Your videos are so much more clear
Thank you so much for watching! Even from the start! 🥰
Thank you! 😊
Love you videos!
Thank You! I feel a little hopeful now.
You got this! 🎉
I like to say thank you I saw your video on first time home grants and I got approved so thank you
Fantastic!
Thank you Nicole for the information interested your topic
Glad it was helpful!
🧠Thanks! Will share!
Super helpful and insightful. I would also be interested in learning more about the navy Federal program.
You got it, Madison!
Great information, thanks, Nicole! Off-topic, this olive green is def your color, you look gorgeous.
Thank you so much!
I would love more videos about the private sector grants
New Mexico! WOOT, WOOT!!
Thanks for the information
My pleasure
Thank you Nicole
Thank you so much for watching!
Thank you for the wealth of information
It's my pleasure! Thanks for watching 😊
Yes, I would like to know about the NFC U loan program, please make a video!
thank you for the information
You're welcome
Thank you, Nicole!😊😊
You are so welcome!🤗
Thank you for the great information. Are there any similar programs for retired military personnel, with and without service connected disabilities?
Yes! I wanna know....
Great video!
Thank you for watching!
Great Video 👍
Thanks! Glad you enjoyed it!
Hi Nicole all information is super helpful but will help even more if you add the websites . I have been looking on their em websites and is confusing
What type of programs are available for retired people who want to buy their first home.
Love your content, thanks for sharing your valuable insights! What I’ve noticed is no program ever mentions “new construction,” and I’m perplexed as to why… owning a lot, and wishing to build on it, doesn’t mean you’re well off, and isn’t easier to finance, especially if you owe on the land, yet even energy tax credits are specifically excluding new construction, giving no incentive to build green from scratch? Just seems like there’s an entire sector being neglected. Curious on your thoughts, or maybe programs do exist that I’m oblivious to? Look forward to some feedback :) Thank you!
Great info
Glad it was helpful! ☺️
I would love to see more videos about these!!
I’m here in Arkansas. Conway area, and I just can not seem to find a way to get a home. I always come here to help look at my options.
You got it Jake! I’m working on more videos now. If you ever want to get in touch, you can find my contact like in my bio 🏡
Thank You!!! very helpful infortmation, i just bought my first time home , am I qualify or it is too late?
There are so many different programs out there I Don't know which would be the best for me, I'm pretty sure I would qualify for all of them, I wish you were here to help me
Find out more about the Navy Federal one for us Nicole 😊
This was an awesome video! Very informative about the various programs that are out there. One quick question that I have is, would a registered nurse qualify for the good neighbor program?
"States" qualify for the "good neighbors program"..... Google/realtor.....HR-- registered nurse ("company" ----> good neighbors program.....🤔)
Thank you for the information. I am buying a house in TX as a retirement house but I am not a resident in TX. I live in NYC. What are the repercussion of buying a house if you are not listed as a resident in the area? Let me know please?
Thank you for the info. I’m a first time buyer and looking for agent in the Joshua Tree area in California. Do you have any recommendation who to go to?
Hello Nicole thank you for this wonderful information, how would I know if I am qualify for any of these programs.
Is there a way to combine a va loan with a good neighbor discount, or maybe a grant to help a veteran start farm in a rural area?
When calculating DTI do they also look at collections, or take account for how old they are?
Thank you so so much God bless! Great info 😊
- where would I be able to complete a 1 time home buyers workshop?
Is it possible to apply to all of these programs all at once?
Do you have any information on VA LOAN, could you do a video on that? Thanks
I was wondering more grant and down payment videos and is there any grants for down payments and closure costs for the blind/disabled
Hi there, can you use multiple grants or programs for assistance?
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Do you know if either CT or NJ has these grant programs? Thanks!
Which ones would be available in New Jersey ?
I am a teacher in white plains NY and would like hear more on the good neighbor program. I leave in the same area I work in. Is any there any more information you can share for my area.? Thank you for the info you always give out.
What are the best grant/homebuying assistance programs in Houston, Texas?
Thanks so much for this information.
how have i not heard of this before
Is it possible to apply for grants in a conventional loan?
How do I go about finding out about grants for the med, lower income I'm not too low but I don't know where I'm at in the income bracket. I'd like to get the first time buyer loan just can't find anyone to help me with this.
Can you stack these grants?
Hi Nicole, thanks so much for the information. May I have the Grant person in my area of Waltham Massachusetts for assistance. Many Thanks!
Who do we contact for the forgivable loans?
Hi Nicole
my income SSI and I have voucher section 8,
is there program can I buy house?
Do these work for building a home?
Can you get multiple at once? Or get multiple grants simultaneously
Is there a grant program to buy a land or a lot to build on
Can you stack dpa programs?
I wonder if you can use more than one grant?
How about florida
I understand this video is old but just curious are co signers looked at when deciding if i buyer qualifies?
If co signer is not on the deed as part owner, just that a co signer will their income, DTI, & all of that matter if they have owned 1 hour or 20?
My bf bought a house and him & his mom & lender all ignored and said he doesnt qualify for any program i mentioned.
Hi Nicole, great video! Can you elaborate more on the Navy Federal Credit Union program to help with down payment assistance? Thanks!
Absolutely! I’ll get started on that one. Thanks for watching. ☺️
I went to NF wouldn’t recommend too high of fees and interest rate was .79% higher than local lenders. I would highly recommend going to a local bank to start.
@@TheAS687 wouldn't that offset the down payment?
@@reejay2098 as a vet I was able to acquire a 1% dp with a local lender veteran program. Instead of 19k at closing I was still under at 17k and far lower monthly payments of roughly $300 less. Personal choice of course but personally I don’t recommend NF.
What about programs for veterans.
Can you give info on Alabama...
More information my wife and I will be first time home buyers
Alabama
Can I still apply for one I'm in the process of buying a house we are waiting for the appraisal
Can these be combined?
Thank you for this valuable information.
Not in most cases.
Do you know if there are options to stack multiple grants? I would like to utilize as many as possible to have a healthy equity from the jump but it seems like most are tied to the loan
I'm wondering the same thing. Could you do partial loans with multiple to maximize grants? On the ones that are tied to the loans.
For the Good neighbors loan, does it include 911 dispatchers?
How many of these grants can we have?
I’m a substitute teacher? Would that count me in to get the 50% help ? I have been offered a teacher assistant job should I take it? Will that help with the 50%
What are the limits on qualification for multiple of these options? Is it possible for someone to use a state run program and a private lender grant at the same time (if they qualify for both) ?
Since you and many others asked this same question, I just made a post clearing this up on my channel community tab! I hope you find it helpful, let me know if you have additional questions! 😊
Hi Nicole, great video! Can you elaborate more on the Navy Federal Credit Union program to help with down payment assistance? Thanks!
Reply
I sure will!
Can a person who’s receiving workers compensation income buy a house?
Nicole I need. Some help with this loan
Can any of these be approved on a multi family and do they take into account the extra unit possible rent as income to the home owner?
Yes, thru NACA you can buy a multi family
I couldn’t find the Affordable 100 loan at Regions or Regents.
To whom to be asked for a loan? I'm first time to buy a home? Can you pls helpme?
whats a grea real estate agent in riverside cali
How do I find out about any grants available to me in my state (Colorado)? I tried searching my state’s finance authority with no luck. Thank you for the help!
Chfa I one. I found out about others searching on TH-cam and Google for Colorado first homebuyer program
Can you recommend a knowable in lewiston idaho who knows about these programs thanks
For getting loan grants
I love you.
What lender is the best for self-employer.?
try local banks and credit unions in your area
Hey your content is dope! If you’re up to the task, I have a stumper for you… how about first time home buyer while on disability
Hi Nicole and viewers, do you know of any great programs like the grant programs you mentioned in CA? Probably best if they have no income limits. I’m also in Los Angeles
Check out the Empowered Down Payment Assistance! Here's my video on it: th-cam.com/video/6zB6WgiddDo/w-d-xo.html 😊