Qualification for a mortgage

Qualification for a mortgage is necessary before an individual can receive any kind of home purchase grants. A list of mortgage 'rights' is part of the HUD website. This can be a useful resource for those seeking a mortgage, and the small amount of time it takes to read over the succinct list may actually help buyers to steer clear of predatory lenders. The United States government will not issue the funds directly to the buyer. Instead, these funds are funneled through the local government or a non-profit agency. The HUD website also offers lists of possible resources for the funds. This may include federal and local government websites, nonprofit agencies, local homebuyers programs and special programs which assist buyers in collecting funds for a downpayment on a house. Resources are arranged according to particular states or counties, for easier access to this information. Note that none of the home purchase grants will cover the entire cost of buying a home.