FHA Down Payment Grants
-- AmeriDream Charity Program
HOW IT WORKS
The benefit a potential home buyer receives from the AmeriDream Charity Program is contingent upon their ability to pre-qualify for a home loan grant through an approved lender. Once the home buyer has qualified for the program and has been approved, the applicant is then referred to a real estate agent who will help them find a home that qualifies under the program's guidelines. When a home is found and the seller has accepted the offer the home is ready to close. At this time the gift funds are wired to the title/escrow company and the home buyer is able to proceed to closing.
The AmeriDream Charity Program is not limited to first-time homebuyers. The streamlined application process makes the program affordable for builders or sellers and easier for buyers than any other program. Those who are able to meet the requirements for the AmeriDream Charity Program are eligible to apply.
Because the AmeriDream Charity Program uses many of the same items that are needed for an FHA loan, we suggest that you familiarize yourself with all the characteristics of FHA loans by reviewing Important Facts and then applying online.