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May27
$6,000 Home Purchase Grant (Utah Home Run Grant)
Filed under: Home Buyer Assistance, Mortgage Rates;No Comments
Earlier this year the Legislature approved funds to help stimulate Utah’s housing market. The “Home Run Grant” is designed to help sell (and reduce the inventory of) newly constructed homes.The Home Run Grant is a mortgage assistance program that grants $6,000 to home buyers who purchase a newly-constructed, never-occupied, primary, single-family residence in Utah. The Home Run Grant is funded by the Housing Relief Restricted Special Revenue Fund, Established by Utah Governor Jon Huntsman, The Utah State Legislature, and Utah Housing Corporation.Who is eligible:Home buyers who- make less than $75,000/year ($150,000/year if a married couple)
- it’s the buyer’s primary residence
- financing is a fixed rate 30-year (or less) mortgage
- and apply before the grant money has run out
There are some other requirements for the grant. Please check the official website for more information. As of this posting only 520 grants remain (of the original 1,600 grants available).
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