The HomeRun Grant was passed by the Utah Legislature yesterday.  It will mean a $6000 grant for anyone that buys a new-constructed, NEVER LIVED IN home.  As long as you make less than $75,000 as a single person or $150,000 as a married couple, you qualify.  You don’t have to be a first-time homebuyer, or buy in any particular area, or anything like that.  It should even apply to you if you build a house now, although since there are only 1600 of these grants, I’d hurry.

Your loan officer has to apply for the grant; you can’t do it yourself, and you don’t get the grant until your loan is cleared to close, at which point the money is wired directly to the title company, where it can be used to cover down payment, closing costs, or, Heavens, given back to you.

Markets have rallied across the board this week, and that’s good news for everyone.  We’re down a fraction on bonds today, but we’re still seeing 4.875% on conventional and 5% (even as low as 4.75% on some programs) on FHA.  NOTE: do not assume that your rate is anything like the foregoing.  You could be better or worse depending on eight hundred sixty-four different factors too complicated to mention here.  Call me.  That’s what I’m here for.

Have a spectacular weekend.  We will.

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