- Call Me (801) 859-9381 or Contact Me for an appointment to set up your FREE consultation. (NO obligation)
- Once we meet, you will be provided with a list of documents to compile for a West Valley City review.
- You will need a consultation with a knowledgeable lender who is familiar with Grant Programs. On my Julie Neerings-Lifting Hearts~Building Dreams Team , I have lenders who have the experience and knowledge required to work with the city in a diligent manner.
- After the approval of your application and pre-approval from the lender, we will begin your journey in finding your home by previewing a list of homes available in West Valley.
- Once you have narrowed down the home that you want to purchase I will write up the contract for you and handle the negotiation process.
After we have an accepted offer, I will walk you through the process for inspections, appraisals and the attentiveness required to meet all deadlines to secure your earnest money.
Lastly, I will arrange the settlement meeting with a Utah title company, be there when you sign papers and proudly hand over the keys to your new home, once funding and recording take place.
You will be the hand to be held and I will be the voice and heart to oversee your best interests.
**Please note that once all funds are used up further notification from West Valley City will need to be obtained. There is no guarantee as to availability of grant money. This program is based off a first come first serve basis. Also the "General Information Sheet" is only a guideline that goes with the packet. Feel free to contact me for that packet and I will further assist you.**
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
DOWN PAYMENT ASSISTANCE PROGRAM
General Information Sheet
In order to qualify for the Down Payment Assistance program, applicants must:
- Be at least 18 years of age.
- Be able to qualify for a mortgage loan on your own credit.
- Be a first-time homebuyer in accordance with Code of Federal Regulations (CFR) Title
- An individual who has had no ownership in a principal residence during the 3-year period ending on the date of purchase (closing date) of the property.
- Any individual that has only owner with a former spouse while married.
- An individual who has only owned a principal residence not permanently affixed to a permanent foundation, or a property that was not in compliance with state, local, or model building codes and cannot be brought into compliance for less than the cost of constructing a permanent structure.
- Purchase a home within West Valley City limits for a price not to exceed $180,000.
- Not be committed (bid, offer, purchase agreement or earnest money) on any property until loan approval and class certificate is received by West Valley City.
- Verify that household annual gross income falls within the Department of Housing and Urban Development’s low and moderate income guidelines. The following table represents the current income guidelines:
Household Size Minimum Income Maximum Income
| 1 Person | $21,450.00 | $34,400.00 |
| 2 Persons | $24,550.00 | $39,300.00 |
| 3 Persons | $27,600.00 | $44,200.00 |
| 4 Persons | $30,700.00 | $49,100.00 |
| 5 Persons | $33,150.00 | $53,050.00 |
| 6 Persons | $35,600.00 | $57,000.00 |
| 7 Persons | $38,050.00 | $60,900.00 |
| 8 Persons | $40,500.00 | $64,850.0 |
Revised February 2005
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Julie Neerings, GRI- Heart of Utah Real Estate Copyright © 2008- If you are considering buying, selling, military relocations to Hill AFB or relocating to Utah, you deserve local expertise and advice to be provided by a professional in real estate. Julie Neerings is a Utah REALTOR® providing full time, professional real estate services to buyers and sellers in the cities of Layton, Bountiful, Woods Cross, West Valley, West Jordan, South Jordan, Riverton, Herriman and all surrounding cities.
Post a comment
Temporarily disabled — coming soon!
ActiveRain Corp. is not responsible for the accuracy of the site's content (which is written by members of the ActiveRain Real Estate Network) and does not endorse the views of the real estate agents, mortgage brokers, and others listed here.
Powered by the ActiveRain Real Estate Network
© 2008 ActiveRain Corp. All Rights Reserved
Great post. You have motivated me to write something like this for my area.
Julie, we've had some of these similar first time homebuyer programs pop up recently in our surburban cities. More programs to help people get into homes.
Julie, First time home buyers are going to love you...that was a lot of great information to get them started!
JULIE- This looks like a great program, and you have done an amazing job presenting the details. IF I were a buyer in your area...I KNOW who would be MY AGENT!! Que Dios te bendiga!!
well done - there are some great programs out there - it is the best buyers market in 20 years - showing them how will bring you great buyers - nice job
TWO in one day.....are you an overachiever?
(check #s 6&7...a bit of a repeat)I am very impressed. Great work Julie!
Excellent information for the people of Utah! I am sure many will take advantage of it while they can. It is a buyers' market right now.
Hi Julie,
Great information for first time buyers, I know you will assist many of them with their dream home.
Julie....Great post! good way to maybe spur some Buyers into action!
I did have to laugh....the difference in our locals...I just looked a the same type of program here in Atlanta, but it's structured differently. However, the minimum income level for 1 person is $71,000!!!! To get this program, you have to keep the property for 10 years!
Oh well, a good tool to have in the tool box!
Tina: I appreciate you stopping by to comment. These grant programs are wonderful and although the have criteria to follow, they are a fabulous program to get the first time home buyer on a good start.
Gary: Thank you for your comment. What a wonderful program they are too.
Carole: Thank you for your kind comment. Last year this was so helpful to clients and I know this year it will be as well. Any way I can help them to benefit in the buying process the better.
Elizabeth: You are so kind. This is really helpful information for the first time home buyer for sure. GBU!
Thesa: Your comment is much appreciated. This buyers market is fabulous right now. There are so many benefits awaiting each of them.
Joan: You have me figured out! Thank you for your kind comment.
Candy: Oh yes, it is a buyers market. Combining all the benefits to them right now, they win in so many ways. Thank you!
Cynthia: Thank you for your kind comment and what a joy that is to be apart of helping buyers get in their first home.
Thom: Thank you and it's so great to see you visit. That is interesting how different the criteria is. Actually, wait until I display one for Magna Utah. That requires 15 years.
Julie - A very interesting approach by the city and yourself to and for the first time buyer.
Kathy: Thank YOU for stopping by and leaving such a kind comment. The first time home buyer programs are so beneficial to the buyer with not a lot of cash for a down or closing and surprisingly, so many don't know about it. One of my clients, a single mom, utilized this program last year and had I not known about this program, she wouldn't have been able to purchase.