Author Box
Articles Categories
All Categories
Articles Resources

Awareness About the Grants for Single Mothers to Buy a House

April 19, 2012 | Comments: 0 | Views: 180

In the lives of every single mother, pressure and stress regarding finances is not a surprise anymore. Knowing they are only the one providing all the needs of the family can make them feel helpless during their day. This continues to add up while rising their kids are on the line for expenses are rising but they are only earning a low income. The only thing they can do is to endure and accept this kind of situation and patiently find ways to overcome their daily challenges. And one of the duties a single mom needs to do is to have roof over their kids. A home to be secure, go to after school and rest after the day is done. This is the reason finding the grants for single mothers to buy a house is a necessary task for them.

Choosing the right kind of home for your family that will fit your lifestyle and preferences where to live should be considered. The goal of a single mom is to search for an affordable, safe and durable new home for her family. Where ever you choose, near downtown or the suburb part, the most significant thing must be a safe and secure neighborhood. One of the steps before buying a home, it should be inspected by a authorize inspector to make sure of its foundation and parts of the house are in good condition.

The Federal Housing Association or FHA loans can permit the single moms to buy homes which only have 3.5 percent of down payment and to get 96.5 percent mortgage loan. The financial institutions like the bank or credit union and the other insured institution by the Federal Housing Association, the loan commonly are issued by them. There are some advantages when you file a loan for them: You can get the lower down payments, lower closing cost and easy credit approval.

If you are buying a house for the first time, this procedure don't need you to have a credit score to be able to be approved on the mortgage for the single mother, and will not require you to provide rental history. You can get more information on their website.

There are other charitable organizations like the AmeriDream Inc. which concentrate to help those qualified low to moderate single mother earners. This organization will help them buy home at the affordable prices so they can improve their lives and raise their family in decent place. This grant for single mothers to buy a house is about giving the single mother a fund provide them the required down payment. This down payment is not to be paid or it is free money for them.

They also offer other services like the Home Retention Program which allow individuals who are really having a hard time in their life because of losing a job, divorce or some kind of serious illness in their home. On kind of situation, they will be help to retain to their homes by giving them foreclosure prevention counseling.

Check out more from grants for single mothers to buy a house and financial help for single mothers.

Source: EzineArticles
Was this Helpful ?

Rate this Article

Article Tags:

Grants For Single Mothers To Buy A House


Financial Help For Single Mothers


Help For Single Moms

The 3 Month Payday Loans is most suitable options for the people who do not possess assets. There are a variety of loan options for the people who are willing to pledge assets against the cash

By: Cameron white l Finance > Personal Finance l July 09, 2013 lViews: 561

For many people, bankruptcy can make their world fall apart. The apparent loss of reputation coupled with the inability to take financial decisions can deter anyone from thinking clearly. But all is

By: noragwilt l Finance > Bankruptcy Lawyers l November 18, 2012 lViews: 304

If you are availing payday loans with monthly payments, it is easy for you to obtain quick money from online lending companies.By getting the best deals of loan, you can save money in terms of

By: Malen Cheks l Finance > Loans l November 16, 2012 lViews: 289

Loans online have become the popular source of income and people can make smart decision of taking it.Now, don’t go anywhere and sit in your home silently. Such deals would bring you money without

By: Marsh Jone l Finance > Loans l November 13, 2012 lViews: 288

Loans for the unemployed would let you feel comfortable with your unstable conditions due to jobless period.If you compare the rates of a few lenders, you would definitely get the suitable lender to

By: kelse roy l Finance > Loans l November 13, 2012 lViews: 467

By taking cash advance for bad credit, it is easy for you to improve your credit status. This loan is useful to relieve financial stress. This loan is totally free from credit verification and

By: Honard Nork l Finance > Loans l November 09, 2012 lViews: 301

Here is some of the common home loan terms that one comes across while applying for a home loan. What is an E.M.I?

By: Subhrajeet Talukdarl Finance > Home Equity Loansl May 31, 2012 lViews: 184

Are you confused about investment home loans and how to find the best option for you? This article gives you 7 hot tips on how to find the best option for your personal situation so you can save

By: Julian Thorntonl Finance > Home Equity Loansl May 31, 2012 lViews: 172

Purchasing a home for you and your family doesn't have to be difficult. There are easy ways to go about it. It is wise though, to arm yourself with knowledge before you proceed to do so.

By: Sabrina A Becnell Finance > Home Equity Loansl May 26, 2012 lViews: 164

A home equity loan allows a homeowner to use the equity they have built up over several years living in their home as collateral for a second mortgage. Homeowners can essentially inject liquidity

By: Rocky C Rhodesl Finance > Home Equity Loansl May 25, 2012 lViews: 187

Under the Islamic law called sharia, all Muslims are clearly prohibited from enjoying money from riba or surplus value without counterpart. In simple words, one is not allowed to pay or receive money

By: Ilham Syahl Finance > Home Equity Loansl May 24, 2012 lViews: 177

We explore some of the variations in the biggest home loan market of all, the United States of America, and how these can impact on the overseas investor. I'll explore, the variation in lender's

By: Stephen John Brownl Finance > Home Equity Loansl May 23, 2012 lViews: 188

This is a good time to invest on your health insurance for single moms so you can have peace of mind once you encounter an unexpected incident in the family. It is only natural that single mothers

By: Claire Brown Davisl Home & Family > Motherhoodl April 11, 2012 lViews: 109

Discuss this Article

comments powered by Disqus