Tuesday, May 12, 2009

Housing Grants Limited in Availability

There are under 800 LEFT!

Back in March, my team and I told you about the $6,000 new construction grant that the state of Utah is currently awarding to qualified buyers. These qualifications are minimal, and include:

Home must be newly built, or never-occupied

Buyer’s income may not exceed $75,000 per year for a single person, or $150,000 per year for married couples.

Buyer’s must occupy the home as a current, primary residence.

It is important to note that you do not have to be a first time home buyer in order to receive this $6,000 grant money, but if you are, you may combine the $6,000 Home Run Housing grant from the state with the $8,000 First Time Homebuyer grant from the Federal Government. That’s a potential $14,000 in grant money if you are a first time homebuyer! Combine these grants with incredibly low interest rates that are currently hovering around 5% and you have a once in a lifetime incentives to purchase your own slice of America.

Unfortunately, all good things will eventually come to an end. The $6,000 grants are limited to be given to only 1,600 homebuyers. As of this writing there are about half of those grants that are still currently available. You can check the number of grants that are still available by calling me and I will check them out.

If you want to take advantage of these incentives for purchasing a home, or simply want more information, give me a call and I’ll be happy to answer any questions, or help you find your new home.

www.brianebetts.com

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