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Help Buying a New Home

Learn about government programs that make it easier to purchase a home.

Programs to Help You Pay for a Home

The Department of Housing and Urban Development (HUD) offers a variety of federal programs that may be able to help you purchase a home if you qualify for assistance:

FHA Loans for First-Time Homebuyers

  • The Federal Housing Administration (FHA), part of HUD, insures mortgages, making it easier for potential homeowners to afford loans. FHA also offers HUD homes for sale. Learn more about FHA Loans.

Homeownership Vouchers

  • The program provides public housing residents and other low-income families that are first-time homebuyers with subsidies to use toward buying a home. For additional information about this program, contact your .

Indian Home Loan Guarantee Program

  • is a home mortgage specifically designed for American Indian and Alaska Native families, Alaska Villages, Tribes, or Tribally Designated Housing Entities.

Programs for Service Members and Veterans

  • The Department of Veterans Affairs (VA) offers designed to help veterans and active duty service members.
  • Home Loan program.

Programs for Rural Residents

  • can provide information on .

State Programs

  • Contact your or for information about special programs administered by your state and properties available in your area.

Đang chơi bàiIn addition to all the programs, HUD funds approved housing counseling agencies throughout the country that can provide advice on many housing-related topics, including buying a home. to find one in your state.

Foreclosure Properties 

If you are interested in a foreclosure-related property, reach out to a licensed real estate agent who will be able to advise you on when the property may be available for purchase.

. This may be a good mortgage choice if you’re a first-time buyer because the requirements are not as strict as other loans. 

Am I eligible? 

Determine your down payment, closing costs and credit score before applying: 

  • Cash down payment can be as low as 3.5% of the purchase price. 

  • Your  doesn't need to be high. 

  • Đang chơi bàiClosing costs may be partly covered or lower than other loans.

Đang chơi bàiMake sure the price of the home is within the . 

How Do I Apply? 

The FHA doesn't lend money to people. It insures mortgage loans from FHA-approved lenders against default. To apply for an FHA-insured loan, you will need to use an FHA-approved lender. 

How do I complain? 

If you have a complaint about an FHA loan program, . 

HUD Homes 

Đang chơi bàiWhen homeowners default on their FHA loan, HUD takes ownership of the property, because HUD oversees the FHA loan program. These properties are called either HUD homes or HUD real estate owned (REO) property. 

Am I eligible? 

Đang chơi bàiYour qualifications to buy a HUD home depend on your credit score, ability to get a mortgage, and the amount of your cash down payment. You can also use an FHA-insured mortgage to buy a HUD home.  

How do I apply? 

Use the  to find listings of HUD real estate owned (REO) properties for sale. Click on the agent tab to find contact information to learn more about the property. 

Where do I call for extra help?

If you have a question or need more information about FHA loans or HUD homes, you can:

  • Đang chơi bài the FHA Resource Center

  • Đang chơi bàiCheck their list of

Đang chơi bài may help you meet your monthly mortgage payments and other home expenses.

Am I eligible?

Đang chơi bàiEligibility is based on the requirements set by .

  • Must be a first-time buyer as defined by HUD
  • Must meet a minimum income requirement set by the local PHAs
  • Must have at least one adult working full-time and for at least one year
  • Must complete homeownership and housing counseling program

How Do I Apply?

Đang chơi bàiContact your . If it does not administer a homeownership program, you can contact

How Do I Complain?

Is There Anything Else I Need to Know?

  • If you sell the home, you will not be able to use the program for your next purchase because this is a program for first-time buyers.
  • You are not required to work with specific real estate agents for your home search or to work with any specific lender when getting a home loan.
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Last Updated: January 9, 2020