Finally, after over two years of existence, the federal home buyer tax credit is no more.Expiring last month, what started as a $7500 “credit” that was in reality an interest-free loan (it had to be paid back), then became an $8,000 fully refundable true tax credit, which was extended and modified yet again to include non-first time buyers, the home buyer tax credit offered by the federal government is no more.

OK, now what? Utah home buyers do not need to rely on the federal tax credit to buy a home in Utah!

There is government grant money available in many Utah cities, counties, and rural areas. You just have to know what to ask for.  Remember that not all mortgage loan officers or Utah real estate agents know about these government grant programs.  I often receive calls telling me that they did not know these programs existed or that their Realtor didn’t know about these Utah home grants.  In Utah, there are only a handful of places you can get this grant.  Most often this is a true grant, which means the money does not have to be repaid as long the home is your primary residence and you live in the home for a specific period of time.

Zoom Real Estate knows about these grants.  Utah cities replenish their grant money every summer!   Would $10,000 towards your home price, closing costs, and even the down payment motivate you to buy a home with a 30 year fixed interest rate that is less than 5%?  In addition to the Utah home grants; there are 100% (no money down) financing options and a special $100 down program available on homes throughout Utah.

Contact me today to find out what grants/loan programs may be available to use for your home purchase.

Call Kris/ Zoom Real Estate (801) 792-5040