First Time Homebuyer Programs in New Hampshire
Page 2

The authority has established quite a number of programs in an attempt to assist low and moderate-income persons and families in the process of obtaining decent, safe and affordable housing. Among all of these programs, some of the most notable are the following:

a) Single Family Mortgage Program - This program is specially intended for first time homebuyers who are seeking for below-market interest rate loans that are payable for a maximum of 30 years. The program can also be used in conjunction with downpayment assistance programs which are also offered by the authority.

b) Cash Assistance Program - This program is designed to help borrowers secure downpayment and closing costs by allowing them to loan money on top of their primary housing loan.

c) New Production Initiative Program - This initiative is intended to enable developers to build affordable housing that complies with targeting requirements such as those which may be placed on projects by municipalities, thereby helping buyers access newly constructed affordable housing.


First Time Homebuyer Programs in New Hampshire
  Back to Page 1

About The Author The TopGovernmentGrants Editorial Staff maintains one the most comprehensive Websites offering information on government grants and federal government programs. The staff also provides resources to other Websites with information on education grant money and civic engagement grants.

Additional Resources

category - Home Buying Programs

Department of Housing and Urban Development's Dollar Homes Program
The Dollar Homes Program revolves around the process of selling single family homes for a superbly reasonable price of $1 (plus closing cost) to low-to-moderate income families, granted that these houses have been acquired through foreclosure by the Federal Housing Administration, and have already been actively marketed for at least six months and still remained unsold after that certain period of time.

---

Downpayment Assistance Program for the First Time Home Buyers in North Carolina
In an attempt to contribute to the eradication of this problem, the North Carolina HFA has established the Downpayment Assistance Program for the First Time Home Buyers wherein they provide interest-free, deferred second mortgages up to $8,000 to cover the downpayment and closing costs of a chosen property.

---

Rural Community Development Initiative
The Rural Community Development Initiative can be awarded to legally qualified private, public, and tribal groups or organizations that have the experience and capability of providing training and technical assistance to nonprofit community-based housing and community development organizations, as well as low income rural communities.

---

Section 8 Housing Choice Voucher Homeownership Program
The Connecticut Housing Finance Agency has been administering the Section 8 Housing Choice Voucher Homeownership Program wherein they intend to offer home loans at reasonable, below-market rates to Section 8 tenants who wish to purchase a home of their own.

---