How Section 8 rental voucher recipients can use the program to become homeowners instead

Affiliate links for the products on this page are from partners that compensate us (see our advertiser disclosure with our list of partners for more details). However, our opinions are our own. See how we rate mortgages to write unbiased product reviews. Section 8 voucher program participants may be able to convert their rental assistance into mortgage assistance through a homeownership program. Instead of getting assistance with your rent each month, the program will cover a portion of your monthly mortgage payment. Not all public housing agencies offer a Section 8 homeownership option. If you're a Section 8 participant, you may be able to use your rental assistance voucher to become a homeowner and start building equity.The housing choice voucher program, commonly known as Section 8, pays a portion of participants' rent each month. This program, overseen by the US Department of Housing and Urban Development (HUD), helps low-income renters, elderly people, and those with disabilities...