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What are some home-buying programs for single mothers?

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Individual development accounts, the U.S. Housing and Urban Development's Homeownership Voucher program, Community Block Grant program and Habitat for Humanity are home-buying programs that may assist single mothers. These programs are designed for low-income families and may assist many single mothers, according to Redfin.

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Full Answer

Community groups establish individual development accounts, matched savings accounts that can be used to assist single mothers in saving money to purchase a home, notes Redfin. HUD's Homeownership Voucher program provides vouchers for families seeking to buy a home. The Community Development Block Grant program provides funding to state and local agencies who provide affordable housing. Habitat for Humanity provides housing for low-income families and offers interest-free loans.

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