At Mortgage Xpress, we have the inside track the new government grant program which will be announced later this week. Call today to get your clients in on this first-come, first-served grant program.
Here are the details:
• $6,000 Grant available AT TIME OF CLOSING to purchase a recently-built, never occupied home
• 1,650 Grants will be provide (costing the state $10 Million)
• Buyer must chose a 30-yr Mortgage
• Must occupy home as primary residence within 30-days
• Income limit ranges between $57,500 (max) and $80,500 (max) depending on county (see Mortgage Xpress for details)
• Sales price limit of $400,000
• Conventional (My Community), FHA, VA, Rural Housing & Utah Housing loans qualify
• 1st Time Home Buyers may also qualify for Federal Tax Credit of $8,000
• Appears $6,000 will be taxable income. The Utah Housing Corporation is seeking a ruling from the IRS to have the grant excluded from federal income tax. IRS response is expected within 2 months, full ruling to follow in approximately 6 months.
Position yourselves as an expert in the real estate industry by helping your clients be the first to apply for this grant. Because funding is limited at first, it is important to help your clients complete a grant application as quickly as possible.
Call me today at 801-636-2446!
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