Did You Know?

The FHA programs that we use today originated during the Great Depression of the 1930's when foreclosure rates and loan defaults were at historic highs.

These programs were designed to provide insurance to lenders who had grown leary of lending in such an environment. So the design of FHA loans are to allow lower income Americans to borrow money for the purchase of a home that they would not otherwise be able to afford.

Some FHA programs were government subsidized the prgram designed to be self-supporting, based on insurance premiums paid by borrowers.

How the Federal Amercan Grant Program Works

The 4 Simple Steps

1. The buyer qualifies for a loan that allows the use of a down payment grant.
   
   
2. The loan officer completes the online grant application.
    
3. The seller enrolls the property in the grant program. (The seller simply signs a form.) 
    
4. The grant funds are wired to the settlement agent prior to closing. 
   

Program Documents

• Click here to download the Federal American Grant Program Brochure