There are grants for single moms in Texas who want to buy homes. In fact, help for single moms in Texas looking to purchase homes of their own comes directly from the government. There are also other private grants for single mothers that can make life more affordable.
Texas State Affordable Housing Corporation (TSAHC)
TSAHC provides grants and loans for potential buyers who are having trouble qualifying for conventional mortgages on their own. They provide 30-year fixed-rate mortgages, grants for down payment assistance and mortgage interest tax credits. They'll also help you connect with a real estate agent who works within the program.
To find out if you qualify for the program, simply take the eligibility quiz online. The only stipulation is that you must take a homeowner education course before obtaining your grant money. While this program isn't exclusively for people looking for help for single moms in Texas, it is a great option if you're looking for grants to buy a home in Texas.
HUD Grants for Single Moms in Texas
HUD (U.S. Department of Housing and Urban Development) offers a number of housing grants for single moms in Texas that are broken down by city. Just click the link for your city on the HUD website. HUD also works with several other entities to make housing grants available for Texas residents. Here's a look at some options for help for single moms in Texas at the state level:
- Texas Department of Housing and Community Affairs: Offers assistance for down payments and closing costs.
- Habitat for Humanity: Builds and rehabilitates housing for families in need.
- U.S. Department of Agriculture Rural Housing: Offers interest-free mortgages in rural areas.
- Veterans Land Board Housing Assistance Program: Helps eligible Texas veterans buy their own homes.
- Texas State Affordable Housing Corporation: Offers assistance for down payments and mortgages.
More About Texas Grants
So, what grants do you qualify for as a single mother? Typically, grants for single moms in Texas looking to purchase homes are based on household income. You'll need to apply for each program to see if you qualify. However, grants for single mothers in Texas extend beyond just mortgage assistance.
There are several programs for benefits available. For instance, a Temporary Assistance for Needy Families (TANF) grant can provide a one-time payment of up to $1,000 to help a parent pay for essentials in an emergency situation. These grants for single mothers aren't based on income or household size.
Another great source of help for single mothers in Texas is the SNAP (Supplemental Nutrition Assistance) program. If you're trying to figure out if you qualify for SNAP in Texas, you should know that there are monthly income maximums that determine if you qualify. Here's a look:
- Family Size: 1
Monthly Income Limit: $1,755 - Family Size: 2
Monthly Income Limit: $2,371 - Family Size: 3
Monthly Income Limit: $2,987 - Family Size: 4
Monthly Income Limit: $3,603 - Family Size: 5
Monthly Income Limit: $4,219 - Add $616 for each additional family member.
If you meet the SNAP monthly income limits, your benefit is determined by household size. Here's what the monthly SNAP benefit in Texas looks like:
- Family Size: 1
Monthly Benefit: $234 - Family Size: 2
Monthly Benefit: $430 - Family Size: 3
Monthly Benefit: $616 - Family Size: 4
Monthly Benefit: $782 - Family Size: 5
Monthly Benefit: $929 - Family Size: 6
Monthly Benefit: $1,114 - Family Size: 7
Monthly Benefit: $1,232 - Family Size: 8
Monthly Benefit: $1,408 - Add $176 for each additional person.
While this form of help for single mothers isn't directly related to purchasing a home, it can make life more affordable for mothers who are focused on obtaining financial security. The most important thing to remember is that both local and federal grants for single mothers are available if you're trying to obtain housing for your family in Texas.
The two big places to start are the Texas State Affordable Housing Corporation and HUD. Lastly, many smaller local organizations obtain block grants that allow them to allocate funds to single mothers in Texas. Be sure to look in your community for grant opportunities.
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Writer Bio
Adam Luehrs is a writer during the day and a voracious reader at night. He focuses mostly on finance writing and has a passion for real estate, credit card deals, and investing.