Home buyer Grants-Not just for first timers anymore!

By
Real Estate Agent with Re/Max Boone Realty

The Missouri Housing Development Commission has just announced a wonderful new program where home buyers can get a 20% downpayment grant when they buy a bank owned home. The maximum grant is $14,999. Here are the details:

*Buyers must use MHDC "First Place Loan" for their first mortgage

*Buyers must live in the home as their primary residence for 5 years

*Buyers must take 8 hours of home buyer's counseling

*The home must be purchased for 5% under the appraisal value

*The home may not have been used as a rental property in the last 12 months

*Buyers income must not be more than 20% over the median income for their area

Call me if you have any questions or would like to participate in this wonderful program. Erin Blaise 573-268-9059. 

Comments (1)

Roland Woodworth
eXp Realty - Clarksville, TN
eXp Realty

Erin: This can be a good thing for home buyers in your area.

Jun 08, 2009 07:21 AM