Tuesday, August 24, 2010

Where can a single parent get a grant or low interest loan to purchase a manufactured home?

I suggest you check out non profits, who are the recipients of most housing grants. Check out Habitat for Humanity.





Also visit the Nehemiah Corp as they have a downpayment assistance program for qualified lenders http://www.getdownpayment.com/





The Housing and Urban Development in their Grants Available page makes it clear that they do not provide grants to individuals -- hence no grants for a person to buy a home http://www.hud.gov/grants/index.cfm





';While HUD does not offer direct grants or loans to individuals, we do work through local governments and non-profit organizations to make financial assistance and counseling available.';





You can go to the Catalog of Federal Domestic Assistance (CFDA) http://www.cfda.gov and Grants.gov http://www.grants.gov - these are two FREE sites created by the federal government to provide transparency and information on grants. Browse through the listings and see if you can find any grant that would support your purposes.





Or check with your realtor/mortgage broker if you can qualify for a FHA loan http://www.fha.com/Where can a single parent get a grant or low interest loan to purchase a manufactured home?
Fortunately, the internet has opened up a host of opportunities to obtain such loans. There are websites that specialize in just that. Furthermore, there are traditional lenders that offer an online application pathway%26lt;!--provides you with provisional acceptance depending upon your ability to prove your statements to the lender. This streamlines the lending process and gets rid of a lot of borrowing anxiety. If you meet specified criteria and can prove that you do, then you will definitely get the loan.





http://best-loans.awardspace.com/





How to get a particular loan should only be one aspect of your research, the other (even more important) things you need to take into account are the terms and conditions of the loan, your ability to make the monthly--%26gt;payments and whether or not you will need to put up real estate as security.Once you have taken the time to ask yourself some searching questions and also get some reliable answers from lenders, you will be in a much better position to choose a loan.
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