Your Orem Mortgage may qualify for free government grant money.
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There are several different government institutions that can help you with your mortgage in Orem.
Most of the programs target First Time Homebuyers and will pay for down payment and/or closing costs. They will have income restrictions and sometimes purchase price limits.
Utah County offers a qualified Orem Mortgage with the option of getting $5,000 to $15,000 depending on the age of the home. The amount given will be in the form of a 0% interest loan. This 2nd mortgage can be fully forgiven if you stay in the home for ten years.
There are several Qualifications and Requirements for this loan:
- Not exceed maximum income requirements
- Meet minimum Credit Score requirements
- Have not owned a home within the past three years
- Contribute minimum of $1,000 towards the purchase price
- Complete pre-homeownership counseling
If you need more information about this Orem Mortgage program or others please feel free to contact me.
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Mike Harrison
Principal Lending Manager
Email: mike (at) firstfedmort.com
801-404-3540 Cell
888-800-1629 Toll Free
First Federal Mortgage, Inc
Orem, Utah
