- Home Owner Money Incentive
That’s right, it isn’t just for First Time Home Buyers anymore, or should I say for the next six months. The Federal Government has included in it’s latest efforts to promote economic recovery, the option for qualifying existing home owners to receive $6,500.00 to upgrade or buy a new home. You can get more information regarding this offer here at the Federal Housing Tax Credit website.
- You will have until the end of May, 2005 to find a home and be under contract, and an additional 60 days to close the sale.
- You need to have lived in your Utah home 5 of the last 8 years.
- You can’t make more than $220,000.00 per year.
- Homes purchased can’t be priced higher than $800,000.00.
- The Utah home needs to be purchased as your primary residence.
The list about are just a few of the qualifying factors. Please visit the Federal Housing Tax Credit site for more specific details.
So what does this mean for those searching for Utah Homes? Well, because Utah is atop the nation in economic stability, safety and home sale statistics, it means that you can find a home in Utah and get a great price and incredible interest rate. Currently rates are around 5% conventional, and there are still $0 down options for those that qualify. You can talk to our recommended lender today and get accurate information regarding the Federal incentive, interest rates and specifics to different loan programs.
Searching for homes in Utah has never been easier than with our very user friendly search form that not only gives you the incredible ability to see photos and street views, but includes specific details about the home and options to contact us for showings at your convenience.
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