When incentives are being offered for buyers this is one of the best ways to take advantage of getting out of a rental situation and into a home. There are several national and state programs that are being available for either 1st time home buyers, buyers that haven’t owned a home in the last three years and new homes that are under grant state incentives due to specific registered developers.  With home prices softening, interest rates hovering below %5 and abundant grants available. This is a great time to buy a home.

First time home buyers whose joint income is $150,000 or less may qualify for an $8,000 tax refund that does not need to be repaid. This refund can be coupled  with Utah Housing Corporation Loans. Utah Housing is offering a limited number of grants for homebuyers to purchase newly constructed, never been lived in homes in Utah.

• Anyone (not just first time home buyers) with an income of 75K or less (for single) and a 150K or less (joint) may apply for this program.
• Grant can be used with any 30 yearr fixed rate loan, even Utah Housing Loans.
• Grants are available through only a small number of approved or eligible lenders.
• Homebuyer must occupy home.
• First time homebuyers are eligible for the new $8,000 federal tax credit.

First home down payment assistance: Utah Housing Corporation offers two programs for first time homebuyers.

First Home, for low and moderate income households, and First Home Plus, which also includes assistance for down payment and closing costs. There are requirements for household income, credit score and home purchase price. A person is considered a first time home buyers is he/she has not owned a primary residence in the lasts three years. All applicants must qualify for an FHA Loan.

Many people can benefit from these financial programs.  If you want to learn more please contact myself so I can discuss further with you and of course check out my spotlight network for a resource.