Grant Starter Pack
3 Secret Homebuyer Grants 🤫
You’re about to unlock free money to buy your home! Below are three homebuyer assistance programs that could help you buy a home faster and with less out-of-pocket expense. These programs offer grants or forgivable loans—meaning you don’t have to pay them back!
See which grant is the best one for you!
National Homebuyers Fund (NHF)
What It Is:
This is a down payment assistance grant offering up to 5% of your mortgage loan amount, and best of all—it’s free money that doesn’t need to be repaid.
Who Qualifies: First-time or repeat buyers in many states. This works with FHA, VA, and USDA loans, so you have flexible options.
Why It’s a Big Deal: It can help cover your down payment and closing costs, so you keep more money in your pocket.
How to Apply:
Check Eligibility: Visit the NHF Program Page to check if your state and mortgage type qualify.
Contact an Approved Lender: Use the lender locator on the NHF website to find a participating lender in your area.
Gather Documents: You’ll need:
Proof of income
Tax returns
Identification (driver’s license, Social Security number)
Submit Application Through Lender: Your lender will apply for the NHF grant on your behalf as part of your mortgage process.
Follow Up: Make sure all documents are submitted and stay in touch with your lender for updates.
Expected Timeline: Typically, you’ll know if you qualify within a few weeks after applying through your lender.
Contact Info:
Website: NHF Program Page
Phone: (866) 643-4968
The Chenoa Fund
What It Is:
A down payment assistance program offering forgivable loans for FHA buyers. If you make on-time payments for 36 months, the loan becomes a grant—no repayment required!
Who Qualifies: FHA buyers with credit scores typically 600+ and a debt-to-income ratio under 45%.
Why It’s a Big Deal: You can turn a loan into free money simply by making timely payments!
How to Apply:
Find a Lender: Visit the Chenoa Fund Lender List to locate an approved lender.
Check Eligibility: Confirm you meet the credit and debt-to-income requirements with your lender.
Submit Your FHA Loan: Apply for an FHA loan, and your lender will include the Chenoa Fund assistance.
Complete Your Loan: Once approved, the down payment assistance will be applied directly to your home purchase.
Make On-Time Payments: Ensure your payments are on time for 36 months to have your loan forgiven.
Expected Timeline: You’ll typically receive confirmation of assistance within a few weeks of your FHA loan approval.
Contact Info:
Website: Chenoa Fund Website
Phone: (866) 563-3507
Bank of America’s Community Homeownership Commitment®
What It Is:
This program offers up to $10,000 in down payment assistance and $7,500 for closing costs. None of it needs to be repaid.
Who Qualifies: First-time homebuyers, especially those with low- to moderate-income, in participating locations across the U.S.
Why It’s a Big Deal: You could get up to $17,500 in assistance, significantly reducing your upfront homebuying costs.
How to Apply:
Check Eligibility: Visit the Bank of America Program Page to confirm eligibility.
Meet with a Loan Specialist: Schedule an appointment online or at a local branch to get started.
Prepare Documents: You’ll need:
Proof of income
Bank statements
Identification (driver’s license, Social Security card)
Submit Your Application: The Bank of America loan officer will guide you through the mortgage and grant application.
Complete Your Loan: Make sure all documents are in order and submit on time.
Expected Timeline: You can typically complete the process within a month from your initial meeting with the loan specialist.
Contact Info:
Website: Bank of America Program Page
Phone: (800) 669-6607
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Bonus Tip:
Don’t Leave Money on the Table!
Many people don’t realize they can combine these grants with state or local programs to get even more assistance. In my next video, I’ll show you how to double or even triple your savings with the No-Money Left Behind Strategy, so stay tuned!
Unlock Even More:
The Ultimate Grant Resource
You’ve already got three amazing grant options here, but what if I told you that you’re just scratching the surface? What if I told you there’s $100K+ in homebuyer grants waiting for you?