Many states and numerous cities across the United States sponsor loan programs aimed at making it easier for renters to become homeowners. A comprehensive list, organized by state with complete contact information is available on the website of the U.S. Department of Housing and Urban development at www.hud.gov.
The fact is that the government – local, state and federal – wants you to own your own home. If it didn’t, home mortgage interest wouldn’t be tax deductible. The government has earmarked billions of dollars to help first-time homebuyers meet their down payment requirements. The government has also created loan products to lower the overall cost of mortgage for first-time homebuyers.