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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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May27No Comments
The chances of nabbing a grant from the state worth $6,000 aimed at those buying new homes in Utah are dwindling.
Since mid-March more than 1,000 Utahns have qualified for a grant under the state’s Home Run program, which originally had 1,600 grants available.
The remaining 600 are expected to go quickly.
(Read more) -
May26
Mortgage rates dip, remain above record lows
Filed under: Mortgage Rates;No CommentsRates on 30-year mortgages inched downward this week, remaining below 5 percent for the tenth-consecutive week and just above record lows.
Mortgage financing giant Freddie Mac said Thursday that average rates on 30-year fixed rate mortgages dipped slightly to 4.82 percent this week, down from an average 4.86 percent last week.
The all-time low of 4.78 percent was recorded on the weeks of April 2 and April 30.
(Read More)
