Can Felons Get HUD Housing Grants?

January 10, 2012 by · Leave a Comment
Filed under: Housing for Felons, Housing Grants for Felons 
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Finding housing, after a felony conviction, is quite challenging. Landlords often do not want to rent to convicted felons because, in many states, they are not permitted to discriminate against the types of felonies. If you have a felony conviction, it is important to keep in mind that there are housing options for you, including the ability to buy a new home and even secure grants for felons housing in the process.


If you are considering the options for home ownership, one of the first questions you may be asking is whether or not you can own a HUD home. The answer to this question is most definitely. Most housing loans and grants programs will not prohibit you from owning a HUD home just because you have a felony conviction. The only issue of concern may be that you are prohibited from living in a certain county, based upon probation, parole issues, or based upon your housing limitations and college for felons limitations in your state.

This is not to say that there aren’t limitations to your HUD housing access if you opt to rent instead. Under many HUD and Section 8 programs, felons have some limitations to access to housing especially if you are on active probation or parole for a drug offense. But, do not let this discourage you as you will often find that you can overcome these obstacles with a co-renter or with a co-signer on the property.


It is no doubt that, in this distressed economy, buying a home can be challenging no matter what your circumstances. Never let a felony conviction hold you back from owning the home you want to own. Felons, in particular, face unique challenges but often HUD agents and realtors know ways to get around the housing laws in your states.

So, yes, felons can get into HUD housing. If you are having trouble finding a place to live, then reach out to a realtor who specializes in HUD foreclosures and work to secure a HUD home with a mortgage that, in many cases, will require little money down and a monthly payment that is often cheaper than any rental payment you may expect to pay.

Sources:
Section 8 Programs
HUD Housing Grants

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Mortgage Government Grants for Minority Women

January 2, 2012 by · Leave a Comment
Filed under: First Time Home Buyers Grants, Housing for Felons, Housing Grants for Felons 
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If you are a convicted felon, its important to become familiar with the types of grants you can find for a home purchase. These grants, in some cases, may not come by way of your background or your probation status but, instead, become an source of funding based upon your minority status.

The real estate market continues to move in a roller coaster fashion, ebbing and flowing as the market works to stabilize. If you are considering the purchase of a home this year, it is important to understand not only what market variations may impact your home purchase, but also what mortgage grants may be available to you. For minority women, there are many options for mortgage grants that may not otherwise be available to the general public.

Role of Income
Mortgage grants for minority women are, of course, not dependent upon your race or ethnic status but, instead, are based upon your income. Beyond income, minority women also benefit from unique home grants that are based upon the location of the home you are considering for purchase. Because the national average of a woman’s income exceeds that of a man, women often opt to live in neighborhoods of lower income status, thereby opening opportunities for unique mortgage grants designed for lower socio-economic status areas.  Even if you have a traditional job, and haven’t found jobs that hire felons, then it is still important to consider these grants and housing in these areas.


Developmental Area Lending
When shopping for a grant for your home, be sure to speak with your realtor about the options made available to minority women. If the home you plan to purchase is in a developmental area, or in an area considered to be of lower socio-economic status, there are specific federal and local mortgage grants you can tap into for financing. In addition, your status, as a lower income buyer, may provide for additional incentives from sellers who wish to unload a home that has been difficult to sell.

Avoid SubPrime Lenders
Predatory lenders, also known as mortgage lenders that work in the subprime market, should be avoided if at all possible when buying a home. While you may be inclined to work with a subprime lender, many will place you into a ballooning mortgage that will only hamper your ability to pay the mortgage at a future date. Always work with credible mortgage companies and real estate agents in your home buying journey.

Buying a home, for any one, can be a stressful event but also a milestone that is very rewarding. For minority women, finding a home is a challenge that often comes with issues in obtaining the ideal financing. If you are considering your options for home ownership, always consider the mortgage grant options that are made available to the general public, but look further into the options made available for minority women and for those in lower socio-economic status areas. In doing so, you’ll tap into a market that you may not otherwise have found.
Mortgage Government Grants

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