Monday, May 23, 2011

West Jordan Highlights

  • up to $5,000 loan (This is a down payment matching loan, to be forgiven at a rate of 20% per year)
  • Must meet income requirements for Salt Lake County (see chart here)
  • You may not currently own a home
  • You must contribute $2,000 of your own funds
  • Max purchase price of $180,000
  • Housing ratio max 35%, Total Debt Ratio max 45%
  • Must complete a Homebuyers class
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.