Tag Archives: Helping

Federal Government Grants Aimed at Helping You Pay off Personal and Unsecured Debt

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Federal Government Grants Aimed at Helping You Pay off Personal and Unsecured Debt

The Federal Government of United States of America provides grants to the deserving US Citizens at the state and corporate levels. These are given by the government, semi government or approved private or voluntary agencies through out United States in the form of housing assistance, business grants and loans, education grants, agricultural grants, grants for disabled, grants for women and many more. Any individual who is a US citizen and above 18 years of age are eligible to apply for a grant provided he or she is qualified to get the grant from the government. In exceptional cases other citizens like tribal minorities, war refugees and victims are also eligible for certain type grants. Below are the two types of housing grants available for the eligible citizens.

1. Home Buyer Grant:-

This grant is given in the form of down payment assistance. In this type of grant, the individual has to apply for a government backed mortgage programme prevailing in his state. In case of his unemployment or incapacity to work or other financial burden, the mortgage repayment is guaranteed by the government on behalf of the borrower. The down payment assistance will vary depending upon the state and will be in the form of,

A fixed non refundable amount of 00 or 410,000 or

A small fixed percentage of the total house cost or

A deferred payment with no interest.

2. Home Renovation Grant:-

An individual has to apply for a state assisted home repair/renovation loan programme. The grant will be combined in the loan in which a certain portion of the interest is paid by the government or the grant as such is waived off. There are states which provide zero interest loans to renovation and repair and in some states a part of the total cost is given as non refundable grant. Some other states provide total non refundable grant to the housing repair and renovation and in other states such an aid is not available to the citizens.
Government Funding

***Update***
I have done a bit of research for you. These Government Grant Experts can help you get the grants you deserve by helping you get out of debt fast. You can find out if you qualify for a Government Grant for free!

Click here to fill out a short form to save your finances and get out of debt as early as this week!

Article from articlesbase.com

Related Federal Government Grants Articles

Federal Government Grants Aimed at Helping You Pay off Personal and Unsecured Debt

Posted on by

Federal Government Grants Aimed at Helping You Pay off Personal and Unsecured Debt

The Federal Government of United States of America provides grants to the deserving US Citizens at the state and corporate levels. These are given by the government, semi government or approved private or voluntary agencies through out United States in the form of housing assistance, business grants and loans, education grants, agricultural grants, grants for disabled, grants for women and many more. Any individual who is a US citizen and above 18 years of age are eligible to apply for a grant provided he or she is qualified to get the grant from the government. In exceptional cases other citizens like tribal minorities, war refugees and victims are also eligible for certain type grants. Below are the two types of housing grants available for the eligible citizens.

1. Home Buyer Grant:-

This grant is given in the form of down payment assistance. In this type of grant, the individual has to apply for a government backed mortgage programme prevailing in his state. In case of his unemployment or incapacity to work or other financial burden, the mortgage repayment is guaranteed by the government on behalf of the borrower. The down payment assistance will vary depending upon the state and will be in the form of,

A fixed non refundable amount of 00 or 410,000 or

A small fixed percentage of the total house cost or

A deferred payment with no interest.

2. Home Renovation Grant:-

An individual has to apply for a state assisted home repair/renovation loan programme. The grant will be combined in the loan in which a certain portion of the interest is paid by the government or the grant as such is waived off. There are states which provide zero interest loans to renovation and repair and in some states a part of the total cost is given as non refundable grant. Some other states provide total non refundable grant to the housing repair and renovation and in other states such an aid is not available to the citizens.
Government Funding

***Update***
I have done a bit of research for you. These Government Grant Experts can help you get the grants you deserve by helping you get out of debt fast. You can find out if you qualify for a Government Grant for free!

Click here to fill out a short form to save your finances and get out of debt as early as this week!

Article from articlesbase.com

Find More Federal Government Grants Articles

Federal Government Grants Are Helping Americans Pay off Personal Debt – Apply For Yours Today

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Federal Government Grants Are Helping Americans Pay off Personal Debt – Apply For Yours Today

A great many Americans are suffering from debt in this depressed economy that features unemployment rates reaching double digits. To somewhat answer this problem, the federal government sets aside billions of dollars to give away to those that meet a certain set of criteria.

Most people call these monetary awards “grants,” but they might not be listed as such in the government institutions. Often referred to as “discretionary assistance” or “domestic assistance,” there are grants to suit your needs if you are willing to do your homework.

The first place to start looking is the government grants website. On this site is the ultimate list of all grants provided by the government. It also lists the grant type and who is eligible. It provides information and a detailed form to apply. Unlike Social Security where funds are automatically distributed to those that qualify, grant programs require a very convincing formal application.

During research it becomes abundantly clear is that there aren’t any grants aimed at paying off credit cards and unsecured loans, but there are several programs that will help with mortgages/foreclosures, student loans, and medical bills.

Grants are categorized into 15 types, 7 of which are financial. Formal grants are issued to the states in accordance with the law. Project grants refer to fixed period funding of a specific project. These include fellowships, research grants, scholarships, trainee ships, and construction grants.

“Direct Payments for Specified Use” are cash benefits given directly to individuals and private firms/institutions for the subsidy of a particular activity. “Direct Payments with Unrestricted Use” is financial assistance that has no restrictions on fund usage.

Direct loans are grant monies lent by the government. These loans may or may not require a payment of interest. Guaranteed/insured loans are loans through private institutions that are “backed by the federal government” (i.e. the government will pay part or all of any of the defaulted loan to the lender). Insurance is reimburses for losses.

Available grants change often based upon the government’s priorities. It is recommended to check government websites regularly to see if there are any new grants that match your circumstances.
Government Funding

***Update***
I have done a bit of research for you. These Government Grant Experts can help you get the grants you deserve by helping you get out of debt fast. You can find out if you qualify for a Government Grant for free!

Click here to fill out a short form to save your finances and get out of debt as early as this week!