Homeownership
Do you dream of owning your own home? With mortgage rates at their lowest levels in decades, the dream of homeownership is now more attainable than ever before for many Americans. First-time homebuyers can also receive assistance through the U.S. Department of Housing and Urban Development (HUD). While HUD does not offer mortgages directly to buyers, they do provide a host of programs and services for homebuyers, including the Blueprint for the American Dream. Announced last year by President Bush, the Blueprint is a partnership of public agencies and private companies looking to increase minority homeownership by helping to educate homebuyers, increase the supply of affordable housing, offer down-payment assistance, and provide flexible financing options. To help you find out more about owning your first home, GovBenefits.gov is highlighting some of the HUD programs available to homebuyers.

For more information on the Blueprint for the American Dream, National Homeownership Month, and other HUD initiatives, visit the HUD Web site www.hud.gov

  • Adjustable Rate Mortgages
    This program can help individuals buy a single family home in which they intend to live. While HUD does not lend money directly to buyers to purchase a home, FHA-approved lenders make loans through a number of FHA-insurance programs. For more information visit www.govbenefits.gov/govbenefits/benefits/report.jhtml?bid=708

  • Home Mortgage Insurance
    This program can help individuals buy a single family home. While HUD does not lend money directly to buyers to purchase a home, FHA-approved lenders make loans through a number of FHA-insurance programs. For more information, visit www.govbenefits.gov/govbenefits/benefits/report.jhtml?bid=504

  • Self-Help Homeownership Opportunity Program
    The purpose of the program is to facilitate and encourage innovative homeownership opportunities through the provision of self-help housing where the homebuyer contributes a significant amount of "sweat equity" or volunteer labor toward the construction of the dwellings. For more information visit www.govbenefits.gov/govbenefits/benefits/report.jhtml?bid=713

  • Single Family Property Disposition
    The purpose of the program is to sell the inventory of HUD-acquired properties in a manner that expands home ownership opportunities strengthens neighborhoods and communities. For more information visit www.govbenefits.gov/govbenefits/benefits/report.jhtml?bid=865