Homeowner Down Payment and Closing Assistance Program for Murray, Utah residents.
If you live in Murray (in Utah), this is a great program that may interest you or your friends/family members who would like to live in Murray.
The program will be established as a loan program to the families who are in low to moderate income level. Although the program does not grant the money to the applicants, in 15 years the applicants can apply for 50% of the loan to be forgiven.
The loan will be between $5000 and $7500. However if you live in Murray for 15 years and have the half of it forgiven, imagine how little the value of $2500 to $3750 in 2024.
If you have taken $7500 for your loan, and have the half of it forgiven, all you have to do is to save $13.89 a month and you will have $3750 at the end of your 15 years, assuming that you do not put the money in a savings account and collect interest.
Here is the link to the eligibility guidelines. http://cdcutah.com/downpaytassist3-7-09.html
If you have any questions, please feel free to call me and I'll do my best to help you.
Met Dilsiz
801-573-2868
www.m2RealEstateSolutions.com
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