Buying a home on one income is hard, but don't give up. If you dream of owning your own home someday, you can. Here is a list of programs that help single parent families purchase their own homes:
Before you look for national homebuying programs, find out what specific homeownership programs may be available to you right in your own state. To do this, you need to visit the Web site of your state's local housing authority, which you can find through the Public Housing Authorities Director's Association.
A housing counselor can answer your questions about the home-buying process, obtaining a mortgage, and more. He or she may also be able to tell you about various homebuying programs in your area.
An Individual Development Account is a matched savings account, usually set up by a community organization, for the purpose of helping low-to-mid income families save money toward the purchase of a home, education costs, or financing a small business. You can find out which organizations in your area offer IDAs through the Corporation for Economic Development.
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