<Table> <Tr> <Td> </Td> <Td> This article needs additional citations for verification . Please help improve this article by adding citations to reliable sources . Unsourced material may be challenged and removed . (August 2017) (Learn how and when to remove this template message) </Td> </Tr> </Table> <Tr> <Td> </Td> <Td> This article needs additional citations for verification . Please help improve this article by adding citations to reliable sources . Unsourced material may be challenged and removed . (August 2017) (Learn how and when to remove this template message) </Td> </Tr> <P> A first - time home buyer grant (or first home owners grant) is a grant specifically for / targeted at those buying their first home--perhaps a starter home . Like other grants, the first - time buyer does not hold an obligation to repay the grant . In this respect, it differs from a loan and does not incur debt or interest . Grants can be given out by foundations and governments . Grants to individuals can be either scholarships or donations . </P> <P> First time home buyer grants are typically awarded based on a few criteria, primarily financial need and income qualifications . However, in countries like Australia, it is awarded . </P>

Who qualifies for first time home buyer grant