Utah Housing Corp Announces Program to Assist Buyers with Closing Costs

Utah Housing Corp just made its second major announcement of the day.  To coincide with the announcement of the Home Run 2 Grant, Utah Housing just announced a new program called Equity Now.  Here is a link to Utah Housings information page.

In a nutshell, the program allows buyers to take advantage of the $8,000 federal tax credit at the closing table by giving them a 2nd mortgage of up to 6% of the purchase price of the home.  Immediately after closing on their home purchase, the buyer must file an amended 2008 tax return and pay the received funds towards the 2nd mortgage.

I’m extremely excited about the moves Utah’s government is making to boost the housing economy in our state.

This entry was posted on Friday, September 4th, 2009 at 10:59 am and is filed under Buying, Financing, Grants & Tax Credits. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.