Thursday, May 26, 2011

Lindon Highlights

  • The maximum loan for a home 29 years or newer is $5,000 and the maximum amount for a home older than 30 years is $10,000.
  •  0% interest, deferred loan. No payment is due as long as the applicants continue to own and live in the home as their primary residence.
  • Balance is due upon sale or when property ceases to be owner occupied.
  • You must be able to put down $1000 of your own money.
  • Must meet income limits (see Utah County on chart here)
  • For first-time homebuyers only
As with all loans further restrictions, limitations, and the ability to qualify apply.  To find out more and to see if you qualify call your local expert Dan Davidson at 801-560-2333 or email him.