Question: I want to buy a home, but I don’t have much money. What Can I Do?

Answer: Helping people become homeowners is one of the most important to lenders. Here are some suggestions:

1. Start by reading my " home buyer's kit "- particularly the part about the federal mortgage programs that can help people buy homes. HUD's FHA has many mortgage insurance programs that can help first-time homebuyers.
2. Contact one of the HUD-approved housing counseling agencies. They can help you sort through your options.
3. Call your local office of housing and community development or your mayor's office to see if there are any local homebuying programs that could help you. 

Question 2: I'm interested in an FHA mortgage. Who do I see?

Answer: You'll need to go see a HUD-approved lender

Question 3: How do I know if I qualify for a mortgage?

Answer: There are many different kinds of mortgages available, and qualification requirements vary. The best thing for you to do is shop around - talk to two or three local lenders to find out what kinds of mortgages they have available that could fit your situation. Here are some mortgage calculators that can give you some idea about your ability to qualify for a mortgage. We offer a good calculator, in our " home buyer's kit " You also might want to contact a housing counseling agency. They may be able to direct you to the kinds of mortgage programs that might fit your needs.