Housing Grants for Native Americans

There are housing grants for Native Americans that may be helpful for those who have a low income or are experiencing a financial change. Whether you have lost a job, you are struggling to keep your house out of foreclosure, or you would like to purchase a home and need help with the down payment, there are options available. The housing grants for Native Americans that are available can help keep you in your home, as well as help you buy a home.

The great thing about housing grants is that they are not loans. If you take out a loan you have to pay it back over a certain period of time. Housing grants are different in that they do not have to be paid back. They are essentially free money that can be used to help you move into a home, as well as keep your current home if you are struggling to pay for it. Housing grants are available through a variety of sources, both on a national and local level, depending on where you live. Many larger metropolitan areas have housing grant programs, so be sure to contact your local housing authority to inquire about it, if you live in a larger metropolitan area.

Here are some housing grants for Native Americans:

 Housing and Urban Development (HUD). The Housing and Urban Development (HUD) program is the largest housing grant program in the nation. It’s a federally-funded program that helps people who have a low income. The program not only provides housing grants to help people get into affordable housing, but it also helps people avoid foreclosure, as well as to obtain necessary home repairs. Native Americans who need housing grant assistance should start by contacting HUD to see what programs they may qualify for. To eligibility requirements include meeting the low income requirements and being a citizen or legal alien. To apply for the HUD program, you first have to call a HUD counselor in your state, who will assess your current housing needs and financial situation.

• Tribal Offices. Native Americans who live on or near tribal reservations can contact their local Tribal Office to see what housing grants are available. They should have information about housing grant programs that are open to Native Americans, including those being funded by federal and state sources.
• Federal Housing Administration. The Federal Housing Administration (FHA) offers special loans and grants for first time home buyers. The FHA loans essentially offer a grant by making it easier for first time home buyers to get a loan. They help people be able to purchase homes, and in exchange the homebuyer pays a small tax that is rolled into their monthly payment. That tax is then put into a fund that is used to help other people be able to purchase a home. Contact your local bank to inquire about FHA loans that can help you purchase a home in your area.
• Section 184. The program called Section 184, which is the Indian Home Loan Guarantee Program. This federally-funded program was founded in 1992 and has a mission of helping more Native Americans be able to purchase homes. Those who qualify for the Section 184 program will be able to have a very low down payment and get flexible mortgage terms. The special home purchase loan program can be used on single-family homes that have fixed rate mortgages for at least 30 years. Visit the website and use the map to find a Section 184 lender in your area where you can apply for the program.

There are many first time home buyer programs that are available. Some of them provide an outright housing grant to help Native Americans become home owners, while others provide special loan programs. The special loan programs are essentially providing people with housing grants, because they make it easier to purchase a home by providing discounts and special loans. There are also lenders that will help people purchase a home by providing grants or by offering special first-time buyer loans. Check with your local banks and lending institutions to see what programs they offer that will help you purchase a home. You can also contact some home builders directly to see if they offer grant programs, because some will offer special grants and rebates to help people purchase one of their homes.