$6,000 in your pocket.

By
Real Estate Agent with Boomerang Real Estate Services LLC

Logan Utah Real Estate and Cache Valley Homes

 

Utah just passed a bill that would give buyers of new construction in the state $6,000.00.  If you're a first time home buyer and qualify for the $8000.00 tax credit, that's $14,000.00 for buying a brand new home.  On top of historic low interest rates, buying a home has never been better.  Here is the details:

 - $6000 Grant for new construction (to qualify, the home must have never been lived in)

- Income guidelines are the same as the federal tax credit program

- Any type of loan can be used to purchase the home, not limited to FHA or Utah Housing

- Applications are to be obtained through Utah Housing, and must be submitted to them once completed

- Once an application has been approved, applicants have 90 days to close on a NEW home

- ALL Homebuyers are eligible for this program, not just first time homebuyers!

- $10,000 Million is Available for this program

- First Come, First Serve

 

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