UTAH'S NEW $6,000 GRANT FOR NEW CONSTRUCTION - THIS IS HUGE, DON'T WAIT - PLEASE READ AND CONTACT ME!

I'm told that this can be used for FHA and Conventional financing and is not limited to first time home owners. However, this is only good for spec homes and new construction. Ill keep you posted once I have more information on getting the money.

Most of you have now heard about the State's effort to boost home
sales by passing HB-0206 bill aimed at the New Construction industry.
This bill will set aside $10 Million dollars of the Federal Stimulus money for the home buyer grants. Theoretically, this would provide grants to about 1,600 purchasers.

I have already been on the phone with key people finding out the specifics of the program and am happy to share the following information with you.


FACTS:
1. As of 12:30PM today, the bill has actually NOT been signed by the governor yet. But it is expected to be signed by end of day.
2. The program will be administered by the Utah Housing Corporation (www.utahhousingcorp.org
- (801) 902-8200 Darlene)
3. Lenders wishing to participate in the program must register with UHC even if they have been registered in the past for a divverent program.
4. Criteria for the loans are simple. 1) Income restriction of no more than $75K individual or $150K couple, 2) Loan must be 30 Year Fixed of any type (FHA or Conv), and 3) Must reside in residence for 3 Years. Final details will be listed on their site as soon as the governor signs the bill.
5. New Construction is defined as a home that has NEVER been lived in. No matter how long it has sat on the market.
6) It only takes about 48-hours to get approved for the Grant.
7) The fund will be reserved for 30 Days.
8) Unfinished homes qualify as long as you can get a 30-year Fixed loan.

I have signed up to receive the official notification once it is posted on the UHC web site which will mark the official start-up of the program.

STEVE JACKSON
801-243-8202
sjackson@signaturegrouputah.com
www.signaturegrouputah.com/sjackson
http://realtor4utah.blogspot.com