Many of you have heard about the $10,000,000 that the state of Utah has set aside in what is called the Utah Home Run Grant Fund. It will fund over 1600 grants valued at $6,000 per grant. These funds are going to be administered by the Utah Housing Corporation and will be available through approved brokers. Envision Lending is on the approved broker list so I will be doing my part to match home buyers up with these funds.
The $6,000 will be available to ANYONE buying a newly constructed home that has never been lived in. The money is a gift with no repayment required. Since there is only $10,000,000 allocated for these grants it is important for people to act fast.
I feel like this is a great thing that the state of Utah has put together and I applaud Governor Huntsman for singing it into action so quickly.
If you have been waiting on the sidelines because you did not have a down payment, wait no longer. I can match you up with a Realtor that will find you a home priced closed to $180,000. With an FHA loan your required down payment is 3.5% or $6300. With the Utah Home Run Grant of $6,000 that would leave you coming in with $300. If you cant come up with $300 then you are obviously not ready for home ownership, but if $300 works for you then this scenario could be a reality in just a matter of a few weeks.
More information can be found at Utah Housings official website www.utahhousingcorp.org
If you are looking to purchase a new home that has never been occupied And if you would like a $6,000 gift to be received at closing give me a call today at 801-655-5111.
Stetson Lowe
Utah Mortgage Insider - apply @ www.utahloantips.com
