As of Monday, June 1st, the Utah Housing website is showing a mere 335 out of approximately 1700 grants for new home purchases.
So, is there still time left to get in on the action? Yes, but you better be snappy and able to close VERY quickly. The $6,000 grants are given on a first come, first served basis. It doesn't matter when you signed the contract on your house, either. They go by closing dates.
If there's a new house that already has a certificate of occupancy, you still may have a chance. And be mindful of who does your loan. Most banks are too slow for this type of quick maneuvering. Consider a local mortgage broker or mortgage banker.
Don't forget, first time home buyers (anyone who hasn't owned a home in the last three years) may also qualify for the $8,000 first time home buyer tax credit. Soon, you'll be able to use that money toward your down payment, too. =)
To search every available home in the Greater Salt Lake real estate market, visit www.saltyhomes.com!
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1 comment:
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