Salt Lake City Real Estate Tips - $6,000 Grant to Buy New Construction

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March 14, 2009

Utah State Legislation just passed a new construction housing incentive that will give buyers $6,000 in down-payment assistance when they purchase new construction homes they plan to live in.

The loan officer will request the funds as the loan is being processed.

The grant funds must be used within 30 days of request.

To qualify, the New Construction Home must have an occupancy permit.

Buyers must have an annual income of less than $75,000 if single or $150,000 if married.

First time buyers can qualify for this grant as well as the $8,000 federal tax credit.

Further details will be released from the state. There is only enough money available for 1,600 buyers to receive this grant, so act quickly if you're interested in buying a New Construction Home. Many new construction homes are already substantially below market value. This is great incentive to get the Utah Housing market moving. Take advantage of this grant by looking for Salt Lake City Utah Homes for sale , and narrow your search to homes built in 2007 or later:

There is a lot of free information available to you about buying, selling or investing in Salt Lake City Utah real estate. For complete information about the Salt Lake City Utah real estate market including current homes for sale, property values and more please visit the most complete website online dedicated to everything Salt Lake City Utah real estate. So please feel free to contact me with any of your real estate questions and I will be more than glad to answer your queries. Call me on my cell at 801-518-4599 or email me at kathyo@kathyohomes.com.