When was the last time someone you could trust gave you free money worth thousands of dollars? Most of us don't have that happen to us every day, or even very often.
But if you want to buy your first home, there are sources that you can trust that really do want to give you thousands of dollars for free.
These are state and federal agencies, and the free thousands of dollars are given to you in the form of a cash grant to help you buy your first home.
It's no secret that the biggest challenge for first-time home buyers is saving up for a down payment and closing costs. Millions of people in the U.S. find it nearly impossible to get around this problem. After paying rent, utilities, food, insurance, car payments (and the high price of gas), clothes, phone bills, day care for the kids, and many other monthly bills, there is almost no money left over to save for a down payment on a first home.
Both the federal and state governments are aware of this problem and have set up special programmes to give people in need money to help them buy their first home.
A reasonable person might think that as soon as the money is given to the agencies, it is all gone within hours or days, at the latest. It makes perfect sense that when the money becomes available, a lot of people will line up, just like U2 fans do when concert tickets go on sale.
Anyone who makes sense would be wrong.
Most state agencies do not use up all of their funding every year. For the fiscal year 2006, only two states had requests that were higher than their budget and ran out of money in their programmes. This is great news for people who want to buy their first home. It means that you can get money to help you buy your first home right now.
The main reason the money doesn't run out every year is because the programmes aren't widely known about. You can find out about these programmes in three ways: you can buy the information, talk to your state representative, or go to a website that gives you all the information for free.
No matter which way you choose, you could get tens of thousands of dollars in free cash to help you buy your first home. Pick one method and do something with it. Today could be one of the very few times when a reliable source gives you free money worth thousands of dollars.
