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How to Qualify for First Time Home Buyer Federal Grants

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Local and government grants for first time home buyers are only available to those who qualify. Each grant program will include specific eligibility requirements that must be met in order to receive financial assistance. 


While these requirements vary between grant programs, most grant programs include some form of income-based qualification. Generally, you must have low to moderate income to qualify for financial assistance when purchasing a home for the first time.

As the name suggests, grants for first time home buyers are only available to those purchasing a home for the first time. 

Review Ownership Requirements for First Time Home Buyer Grants

When reviewing first time home buyer grant programs, it is essential that you determine whether or not a grant will call for you to meet ownership requirements.

For example, several grant programs will require you to occupy the home as your primary residence for a specified period of time. 

It is essential that you comply with all ownership requirements. Should you violate these requirements or any other regulation for the grant program, the financial assistance that you receive could be converted to a loan.

If your grant is converted to a loan, you will be required to repay the amount plus any additional interest that you accrue. 

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