Monday, October 5, 2015

First-time Home Buyers! Cedar Rapids Down-Payment Assistance Program will be released soon!

First-time Home Buyers!
The Cedar Rapids Down-payment Assistance Program will accept
 applications soon.

Details will be released shortly, but if you or someone you know
is looking to buy their first house give us a call or send an email.
We'll help you get started with the program, walk you through the steps, and
get you in to your own home!

Steve: 319.551.3375 or
Judy: 319.551.3170 or

There are income limits and other qualifying criteria, but eligible buyers
will receive $1,000 - $5,000 in forgivable down-payment assistance.
Click here to see the current plans and details pending approval.

Here are the recommended steps per the First Time Home Buyer Program website:

1) Applicants must complete a home-buyer education course (through Horizons for example)
     The class can be taken now to have it completed, and is $99.00

2) Find a mortgage lender and get pre-qualified.

3) Fill out the First Time Home Buyer Application (will be available online)

4) Submit the Application along with all required documents.

Important points to remember: 

*  The property MUST be in Cedar Rapids city limits

* Purchase Price maximum is $135,000

* The property can be a house OR condo

* The property will be inspected and must meet health and safety requirements.

This is an exciting opportunity for 1st time buyers who have been dreaming of a home but have had difficulty saving up for the down-payment.

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