5000 Dollars For Down Payment And Closing Cost Assistance

5000 Dollars For Down Payment And Closing Cost Assistance

$5000 Grant Money is Back for a limited time only - "first come first served basis"


Brief overview of program: BUYER

Get up to $5000 for down payment and closing cost assistance.

Homebuyer's contribution can be as low as only $500 ($300 of that can be Gifted 60%)

Homebuyer does Not have to be a first time homebuyer.


  Property:

Property can be up to 4 unit building with homebuyer's residence included. 85% of rents can be used as income.

Manufactured houses are eligible, but Not Mobile Homes.

Grant money Can be used for New construction but no construction loans 

No more then $500 can be escrowed for any repairs. repairs must be completed and contractor paid at closing.

 

   Fund use:

Funds Can be used in conjunction with other local, state, and Federal funding programs like LMHA Sec 8 Home ownership program. ( We used this last year and buyer only needed $500 - Not $2500)

Second mortgages are accepted as long as they are Not from the seller.

$300 can be used for credit counseling class. 

Five year retention if refinance or sale of home, may be asked to refund money at a pro-rated amount.

   Before Processing:

Homebuyer must first have Loan approval from a Member Bank

Homebuyer must have an executable contract set to close after March 1st, on an eligible property. (No fixer uppers) 


William Jackson 440-258-4552 text 

Name, address, phone number and Email

to  Willjackson5000@gmail.com

or http://www.wjackson.russellrealty.com/agents/William+Jackson








William Jackson Headshot
Author:
Phone: 440-258-4552
Dated: March 2nd 2017
Views: 706
About William: ...

1 Response

  1. Willjackson5000 Yahoo

    Call today

    Feb.02.2017

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Russell Real Estate Services
12198 Pearl Rd.
Strongsville, OH
440-379-1109
440-268-9647

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