These are the most common sources. For example, the Texas State Affordable Housing Corporation offers grants up to 5% of the loan amount, while New York's HomeFirst program can provide up to $100,000 for buyers in NYC.
While the federal government does not provide "free money" grants directly to individuals for home purchases, you can access significant financial assistance through , local government programs, and select nonprofit or private lenders. These grants are typically designed for first-time homebuyers and low-to-moderate income households to cover down payments and closing costs. 1. Types of "Free" Homebuying Grants how to get a free grant to buy a house
Defined as not owning a primary residence in the last three years. These are the most common sources
: Their America’s Home Grant provides up to $7,500 in closing cost credits, and their Down Payment Grant offers up to $10,000 in select markets. : Their America’s Home Grant provides up to
Most "free" funds are structured as true grants (no repayment) or forgivable loans (repayment waived after living in the home for a set period).
Many grants require you to complete a HUD-approved education course. 3. How to Find and Apply Grants for First-Time Home Buyers | 2026 Guide
The National Homebuyers Fund (NHF) provides grants up to 5% of the mortgage amount and often does not require you to be a first-time buyer. 2. General Eligibility Requirements