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As most of you may already know, there are many home buying grants available to Buyers in Utah. It’s important that your Realtor & Mortgage Lender is educated in the many available grants out there. The Real Estate Professionals at Zoom Real Estate are educated and have successfully closed many transactions using grant money. Grant money sometimes can be used towards your down payment and doesn’t ever have to be paid back!
There are Federal, State, County & City grants available to those who qualify.
Federal Tax Credit:
$8,000 First Time Home Buyers (Good until November 30st, 2009)
Utah State Grants:
ADDI Grant – $2,000 Grant
Utah County: $5,000
Tooele County: $2,000
Davis County: $2,000
West Valley City: $5,000
West Jordan: $5,000
Most cities only allocate so much money towards these programs and frequently run out of funds. You can also qualify for more than one grant – so you can tack them all together! West Jordan just announced they just received additional funds and will begin taking applications on the 27th of July! Sandy has also received additional funding and now has up to $10,000 available to those who qualify. Grants come and go so don’t delay if you are considering buying.
Call a Zoom Real Estate Professional today at 801-999-8005 to learn more.