Help Buying a New Home Digitally/Electronically Retrieved Via https://www.usa.gov/buying-home
Help Buying a New Home
Learn about government programs that make it easier to purchase a home.
Programs to Help You Pay for a Home
The Department of Housing and Urban Development (HUD) offers a variety of federal programs that may be able to help you purchase a home if you qualify for assistance:
- The Federal Housing Administration (FHA), part of HUD, insures mortgages, making it easier for potential homeowners to afford loans. FHA also offers HUD homes for sale. Learn more about FHA Loans.
- The program provides public housing residents and other low-income families that are first-time homebuyers with subsidies to use toward buying a home. For additional information about this program, contact your local Public Housing Agency (PHA).
- The program, also known as Section 184 is a home mortgage specifically designed for American Indian and Alaska Native families, Alaska Villages, Tribes, or Tribally Designated Housing Entities.
- The Department of Veterans Affairs (VA) offers home loan programs designed to help veterans and active duty service members.
- Learn about the Native American Veterans Home Loan program.
- Local Rural Development (RD) offices can provide information on single-family housing programs for rural residents.
- Contact your state housing finance agency or state HUD office for information about special programs administered by your state and properties available in your area.
In addition to all the programs, HUD funds approved housing counseling agencies throughout the country that can provide advice on many housing-related topics, including buying a home. Use this map to find one in your state.
If you are interested in a foreclosure-related property, reach out to a licensed real estate agent who will be able to advise you on when the property may be available for purchase.
FHA Loans and HUD Homes
If you’re a homebuyer, the Department of Housing and Urban Development (HUD) has two programs that may help make the process more affordable.
Homeowner Voucher Program
If your family is low-income or in public housing and you want to buy a home, the Department of Housing and Urban Development (HUD) Homeownership Voucher Program may help you meet your monthly mortgage payments and other home expenses.
Eligibility is based on the requirements set by HUD and your local public housing agency or authority (PHA).
- Must be a first-time buyer as defined by HUD
- Must meet a minimum income requirement set by the local PHAs
- Must have at least one adult working full-time and for at least one year
- Must complete homeownership and housing counseling program
Contact your local PHA. If it does not administer a homeownership program, you can contact HUD’s PIH Customer Service Center.
- If a lender is discriminating against you, submit a complaint to the Consumer Financial Protection Bureau.
- You can also file a housing discrimination complaint with HUD.
- Learn more about housing-related discrimination and how to complain about it.
- If you sell the home, you will not be able to use the program for your next purchase because this is a program for first-time buyers.
- You are not required to work with specific real estate agents for your home search or to work with any specific lender when getting a home loan.
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