I am sure by now you know about the Down Payment Assistance Program offered by the Louisville Metro Department of Housing and Family Services, right?
If you haven't or don't know enough about it, YOU SHOULD!
The $8,000 Federal Tax Credit is set to expire in 42 days and we
need something to take its place. Here are some of the program highlights:
->The program offers Metro Wide assistance, and homebuyers may qualify for a forgivable mortgage over a five (5) year period of 10% of the purchase price of the home to a maximum of
$10,000!
->In the “Target Area” neighborhoods homebuyers may qualify for a forgivable mortgage over a ten (10) year period of 20% of the purchase price of the home to a maximum of $20,000!
->The Department has also allocated closing cost assistance in the amount of up to $2,000!
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Newsletter Oct 13, 2009
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jasonthompson