Homes are available for sale in the Washington, DC, Maryland and Virginia areas for low income residents. Buying a home does not have to be for higher income individuals. For those who have lower incomes, first time home buyers and disabled people, there are grants and government programs available to help with buying a home. The current housing crisis has caused to have several homes that meet the criteria for these types of programs.

One of the government programs is the Virginia Housing Development Authority. The VHDA has grant administrators who oversee all types of funding options for home buyers. A first time home buyer can qualify as long as they have never owned a home before. Grants are available for disabled persons to help them get into a home as well as low income individuals based on their income. In addition, there are grants that help with down payments. As long as your income is less than 80% of the median income for the area, you can qualify for low income grants.

Actually, these same types of programs are available in every state of the United States. Certain conditions have to be met and will be based on each state’s guidelines. As you can see, now is a very good time to try to buy your own home. Many real estate agents can help you look for housing that qualifies for these types of grants.

Speaking with a lender will help as well and could be a better place to start. That is because you can get pre-approved for funding and know exactly what you can afford and then look for homes within that loan amount. This saves a lot of time in trying to figure out how much to borrow. It is a little known secret but a lot of sellers will be easier to negotiate with buyers when they know you have been pre-approved for a loan. If a seller knows you have been approved for $150,000 and their home is listed at $160,000, they will think about coming down to meet your price so the home can get sold. It is a buyer’s and seller’s market right now and will benefit you to investigate all your options to see what is available for your particular situation.