A lot of people are asking me about the new $6,000 Grant.
Here are the basics:
The Home Run Grant offers $6,000 to home buyers who purchase a never-occupied residence in Utah.
The grants are available on a first-come, first-served basis.
There are only 1,600 grants left and they're going fast. The approximate number of remaining grants will be posted on the UHC web page at http://www.utahhousingcorp.org/.
Home buyers must meet the following income restrictions to be eligible:
Single person, $75,000
Married couple, $150,000
Home Run applications are submitted through a home buyer’s mortgage lender.
Here is a free application: Loan Application
You do NOT have to be a first time home-buyer
The $6,000 CAN be combined with the new $8,000* federal tax credit!
*The $8,000 federal tax credit is only available to first-time home buyers.
If you want more information about the Grant you can check out this link: $6,000 Home Run Grant or feel free to contact me.
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March 19, 2009
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4 comments:
Do we know why the Governor hasn't signed the Bill or when he is expected to sign it? I was under the impression that he initiated the Bill, and if that is so, why has he not signed it yet. Is this Bill going to be retroactive if we by a House this Month before he signs the Bill?
The Governor signed the bill yesterday (3/19). Unfortunately the bill is not retroactive. However, because he already signed it you can apply for any future home purchases that qualify.
I see that there are only 185 of the grants left as of today. Can the grant be reserved before closing or can you not even apply for it until you are closing on a home?
You can reserve some grants now and close in a year. The Home Run Grant requires you to have an appraisal underwritten and be ready to close.
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