Are you a first time home buyer seeking to purchase a home within the City of Elk Grove limits? Well you are in luck! The City of Elk Grove has received grant money from the US Department of Housing & Urban Development (HUD) "Neighborhood Stabilization Program." The program affords eligible first time home buyers up to $60k in the form of low interest, payment-deferred loan toward their downpayment and closing costs!!
Of course there are several buyer eligibility requirements...among the requirements are that the home must be a bank-owned/foreclosed single family home, within the city limits, and the buyer's income must be within the 2009 "moderate income limits."
Think you may qualify? Get more info by downloading the City of Elk Grove's brochure or check out their program fact sheet.
City of Elk Grove First Time Home Buyer Downpayment Assistance Program
2 comments • Erin Attardi, Realtor - Sacramento, CA 916-342-1372 • January 20 2010 01:35AMComments
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That sounds like a great program. Thanks for the information.
Certainly a great program for those who need it
your friend from Charlottesville Virginia!