How To Get Free Money: To Buy A House

: You must live in the house as your main home for a specific number of years to avoid having to pay the money back. Where to Find Programs Near You Down Payment Resource: Down Payment Assistance

While these funds are often called "free," they come with specific strings attached: how to get free money to buy a house

"Free money" for buying a home typically refers to , which comes in the form of grants that never need to be repaid or "silent" second mortgages that are eventually forgiven. Common Ways to Get "Free Money" for a House : You must live in the house as

: The HUD Good Neighbor Next Door Program offers a 50% discount off the list price for teachers, first responders, and law enforcement buying in designated areas. : You will almost always be required to

: You will almost always be required to complete a HUD-approved homebuyer education course before receiving funds.

: Major banks offer proprietary grants for closing costs or down payments. For example, Bank of America offers grants up to $10,000 , and Chase provides up to $5,000 in eligible locations. Eligibility and Requirements