Financing in 14217>Question Details

Scott, Home Buyer in 14217

Does anybody know of any grants or programs available in Kenmore for First time home buyers?

Asked by Scott, 14217 Sun Dec 2, 2007

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As a recent first time homebuyer I asked that question a million times about the area I was looking to purchase my house before I finally got an answer...no one "seemed" to know. I don't know what the big secret is...Anyway, I do have some advice for you. Erie County Planning and Development does offer awards to qualifiying first time home buyers if you are looking to purchase in a municipality that DOES NOT offer a grant on their own. I don't know if Kenmore has such a program, you could call them directly and ask. Also, Belmont Shelter Org. was a very helpful resource and they offer free first time homebuyer workshops that was very informative ( I was required to participate for the Erie County grant funds). I also participated in some "fthb" seminars that were offered by mortgage companies as another infor resource, they were listed in the homebuying supplement in the Buffalo News.

My most important piece of advice is to seek out the grant programs first BEFORE you choose a mortgage lender or broker. My grant program was very specific as to which lender I could use as well as the contact person. If you do not meet every piece of their criteria, you will be denied assistance.

My other piece of advice is to do your homework. Keep asking questions, research online, make tons of phone calls, don't give up. Most realtors won't lead you towards grant funds because they extend the closing of the sale and they want their commission quick, quick, quick. Most mortgage lenders won 't offer you information on grants either because they may reduce your actual mortgage, thus reducing their commissions. Get real with the fact that your agents are not working for your best interest, they are in it for themselves. You are your own best advocate.

I have to honestly say that my first time homebuying experience was pretty spectacular. Everyone I dealt with was fantastic, especially with Erie County and Belmont Shelter Group. I think it helped that I came to play the game armed and educated.

GOOD LUCk and post again if you have anymore questions.
2 votes Thank Flag Link Sun Dec 2, 2007
Hi Scott I didn't find anything specific to Kenmore here are some places for you to explore. My sister in law is applying for the grant from Erie county. Also First Niagara Bank is advertising a grant program that will give you $5,000 after you put $167/m for 10 months into a special savings account. so you would have $6,670 to help toward your loan. Call 1-800-421-0004

Hope this helps

Erie County Program for Home Ownership
Contact Erie County
First Time HomeBuyer Program
Erie County Environment and Planning
Edward A. Rath County Office Building
95 Franklin Street
Buffalo, NY 14202
Marie Pieczynski
Phone: 858-8390
Fax: 858-7248

Belmont Shelter Corporation
1195 Main Street
Buffalo, NY 14209
Phone: 884-7791 Hamburg Office: 312-8075
Fax: 884-8026
Website: http://www.belmontshelter.org
Email: Ehuckabone@belmontshelter.org

Housing & Urban Development http://www.hud.gov

New York State Home Page http://www.state.ny.us

NYS Division of Housing & Community Renewal (DHCR) http://www.dhcr.state.ny.us

Erie County Home Page http://www.gov/index.html
1 vote Thank Flag Link Thu Dec 6, 2007
Scott you can try these as well:

1. Town of Tonawanda 871-8850 (Kenmore is part of Tonawanda)
2. FIRST TIME HOMEBUYERS PROGRAM For Erie County Residents 858-8390
3. Additionally there are down payment assistance programs with mortgage lenders to help you with closing costs.
0 votes Thank Flag Link Fri Jan 4, 2008
Hi Scott, as a realtor living in the Kenmore area, I can tell you that there is not a specific grant program for first time homebuyers in Kenmore. The Erie County grant program stated below is your best bet, however, you must remember that any grant program is going to be income based. You have to make below a certain amount of money in order to qualify. You may also want to consider SONYMA. They too have a loan product that comes with a $5,000 grant attached to it. It actually has a higher income guideline than most of the grant programs, however, the problem with it is that you need to live in the property for a minimum of 10 years to have the grant forgiven. Otherwise you will need to pay a portion of the grant back. There is a Cheektowaga/Amherst grant program available and the University district grant program also extends into part of Amherst. M & T Bank has a good handle on the grants available in our area as well as First Niagara.

I hope this is helpful. Good Luck, Cynthia
0 votes Thank Flag Link Fri Dec 14, 2007
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