St. George City Down Payment Assistance available in JulyPosted by David Ellis on Monday, June 14th, 2010 at 11:51am.
CITY OF ST. GEORGE DOWN PAYMENT ASSISTANCE PROGRAM
WHAT IS IT?
The City of St. George Down Payment Assistance Program is a federally funded program with ta goal to assist eligible home buyers with a down payment and/or loan closing cists by providing up to $10,000 in the form of a non-interest bearing loan payable when the home is sold or refinanced. The program is open to owner-occupied housing units within the St. George City limits. The maximum home price allowed is $247,368 for detached homes, and $131,955 for attached townhome/condos.
HOW DO I QUALIFY?
You must be a first time home buyer or have not owned a home in the past three years.
You must meet household income limits and have a gross annual household income which does not exceed 80% of median income adjusted for household size. Income verification will be matched with your prior year tax returns and current check stubs for final determination of eligibility.
For household income limits and more information click here: Down Payment Assistance Information
Please feel free to call or e-mail us and we’ll be happy to put you in touch with a lender that can help determine your eligibility and help you apply for this great program!
The amounts allocated for this program will go fast so don’t wait!
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