Housing grants are just one type of a grant opportunity which American citizens can get. There are many more different types of grants available for various classes of people. Except for grants.gov, there’s also benefits.gov, which can help you find what you are looking for, whether that’s a grant, a loan, financial aid or something else. Here you’ll also find out whether you are eligible for a grant and if you are, find out where to apply and how to do all that.
What you always have to keep in mind is that there is a big difference between a grant and a loan. Loans have to be paid back after some time, and many times with an interest rate. As opposite of this, grants are not paid back. If you are interested in a loan, you’ll find information on govloans.com.
Although you won’t have to pay back the grant, still there aren’t many grants available for individuals. Most of the grants are meant for organizations and companies, universities, cities, states and counties.
LIHEAP is a Low Income Energy Assistance Program. This program offers numerous types of help for people and families who are not able to pay their energy bills on their own. The help can be shown in bill payment, energy crisis and home repairs connected with weather or energy. If you want to apply for this type of grant, you should contact the LIHEAP agency which is responsible for your territory and area of living. If you want to find out more information about this program, you can call 1-866-674-6327.
There is another great program funded by the FHA, Federal Housing Administration. The FHA has been working on this program since 1934. It has been helping American citizens to find a home for themselves and their families. FHA is part of the Department of Housing and Urban Development. The program works in this way, the department insures your loan, so that the lender can be sure of getting the money and thus giving you a better deal.
Together with the help of FHA, you can come to a moment where you will be paying the smallest rate of the purchase price, as low as 3.5%. The FHA has a program which will help you to buy a home, house or apartment, fix everything inside and all the costs of it will be included in the loan. Or maybe you already own a home but you need help with remodeling and redecorating it. A grant can help you in this too. There is also the FHA Reverse Mortgage which is meant to be used by seniros who are 62 or older and want to convert into cash a small part of their equity. FHA Energy Efficient Mortgage can help you in paying the costs for energy improvements and workings. FHA has also programs for mobile houses and factory-built ones. Here you can find two different kinds of grants. The first type is for the families who live in houses built on their own property and land. The second type is for houses which will be located on places which are not in a possession of the family.