The home you're buying must be located in a rural area. A farm home loan is similar. Again, you must move to a rural home, your annual income cannot exceed the area's median. The same income requirements apply to the Community Home Buyer's Program. With this loan you need only a three percent down payment.
County governments offer still more options.
Often the county makes your down payment and pays closing costs, but you must repay that money if you sell your home sooner than five to seven years after purchase. Most special programs are for first time buyers or people who haven't owned a home for at least three years. Talk to a Realtor or lender who is well-versed in the nuances of special programs, then get busy finding a house. In many cases grant money doesn't last long. 1994 - 2001 MH2Technologies, Ltd .