binäre optionen profitabel Kalamazoo-Portage Real Estate – As your trusted real estate experts, we want to make sure that our home buyer and home seller clients have all the information available to them. Here are some FAQS about the first time homebuyer grant that is available through MSHDA in 2012 and as long as funding lasts through 2013. Call us today 269-350-5514 so you can take advantage of this $3000 or $5000 grant which does not need to be paid back! That is free money to help buy a house folks!
double touch fx options 1. How does a borrower apply for 2012-2013 MSHDA grant funds?
http://secon.se/?utm_campaign=SVENSK ENERGI CONSULT AB The home buyer notifies the lender that he/she wishes to apply for 2012-2013 National Mortgage Settlement grant monies. If the applicant meets the eligibility requirements, the lender will file an application on the applicant’s behalf.
http://arrohattoc.com/?pismovuystol=how-to-write-someone-on-dating-site 2. What are the grant amounts for 2012-2013 Homebuyer Assistance for the National Mortgage Settlement grant funds?
- Non-military homebuyers may receive up to $3,000.
- Active military and veteran homebuyers may receive up to $5,000. (“Active military” is defined as a member of the U.S. Armed Forces or National Guard and Reserves.)
- Neither grant can exceed 25% of the sales price.
his comment is here What is the grant amount from the for a 2012-2013 National Mortgage Settlement grant HARP Refinance?
come tradare con opzioni binarie $500 which must be used toward closing costs.
tastylia tadalafil 20 mg 3. What are the eligibility requirements for the Homebuyer Assistance for the 2012-2013 MSHDA grant program?
- First-time homebuyers (have not had homeownership interest in the three (3) years prior to purchase date).
- Purchase of a single-family, owner-occupied, principal residence in the State of Michigan.
http://vgo.vn/?zerkalo=cos-%C3%A8-autopzionebinarie&c02=b6 What are the eligibility requirements for the HARP Refinance for the 2012-2013 MSHDA grant program?
- Home located in the State of Michigan.
- Refinancing a home through the Home Affordable Refinance Program.
great post to read 4. What types of mortgages qualify for the 2012-2013 Homebuyer Assistance Grant?
http://ajbush.com.au/?pivnuk=%D8%A7%D9%84%D8%AE%D9%8A%D8%A7%D8%B1%D8%A7%D8%AA-%D8%A7%D9%84%D8%AB%D9%86%D8%A7%D8%A6%D9%8A%D8%A9-%D9%85%D8%B1%D8%A7%D8%AC%D8%B9%D8%A9-%D8%A7%D9%84%D8%B1%D9%88%D8%A8%D9%88%D8%AA-2017&d8d=e8 The grant can be used with any first-lien mortgage product.
find this 5. Are there income, asset, or purchase price limits for the MSHDA 2012-2013 Homebuyer Assistance Grant?
where to buy Priligy in Aurora Colorado 6. Does a mobile home count as prior homeownership in the last 3 years?
- If the mobile home is taxed as real estate and is permanently affixed to a foundation, then it is considered prior homeownership.
- If the mobile home was located in a mobile home park where the homebuyer was paying a lot fee then it is not considered prior homeownership.
http://aea.esperanto.org.au/?politexnika=forex-day-trader-strategy&dff=4b 7. Can the grant be used with a MSHDA Down-Payment Assistance loan?
pop over to this web-site Yes. A waterfall analysis will be employed with the grant lowering the amount of the down payment assistance loan.
8. Can grant funds be used to pay the MSHDA’s Mortgage Credit Certificate fee?
9. Can grant funds be used for a cash purchase?
No, the lender is responsible for verifying that the applicant is a first-time homebuyer on the application/affidavit and that all other terms and conditions are met.
10. Can the homebuyer receive cash back at closing?
Cash back from the grant funds are not allowed. However, the homebuyer may receive cash back in the amount they have already paid outside of closing as long as those costs are reflected on the HUD-1.
11. Can the homebuyer use any remaining credit for principal reduction?
Yes, the remaining credit can be used to buy down the principal after the homebuyer’s required investment (minimum required by insurer/guarantor), seller concessions and the grant funds have been applied.
12. Can grant funds be used to help finance the purchase of a property on a land contract?
No. Land contracts are not considered to be a mortgage and do not fit the requirements for this program. Land contracts represent an on-going purchase transaction where legal title to the property has not yet been conveyed.
13. Will the homebuyer receive an IRS 1099 and be taxed on the grant funds?
14. How will grant fund availability be communicated?
MSHDA will post grant fund balances on the MSHDA website.
15. Do the grant funds have to be repaid?
16. Is the lender responsible for submitting post-closing documents to MSHDA?
The lender is ultimately responsible for ensuring delivery of the post-closing documents to MSHDA. The lender can however, add closing instructions for the closing/title company that direct grant fund post-closing documents be submitted by the closing/title company to MSHDA.
17. At what stage in the loan process does the lender file an application/affidavit requesting grant funds?
- Application/affidavits can be filed after the loan is approved and a closing date has been scheduled.
- MSHDA must receive the application at least five (5) business days prior to the closing date.
18. What is required for a lender to participate in the grant program?
- The lender must be licensed to provide mortgages in the State of Michigan.
- The lender must obtain a user name and password from MSHDA to upload applications to MSHDA’s Data Exchange Gateway (DEG).
19. How will the lender and closing/title company know that grant funds have been approved for a particular homebuyer? MSHDA will also email the lender and the closing/title company that funds have been sent. Funds will be direct deposited/electronically transferred to the closing/title company.
20. Can the application/affidavit or closing document be emailed? No.
All required documents must be submitted via the Data Exchange Gateway (DEG).
21. Can you work with the Veenstra Team REALTORS and get the 2012-2013 Homebuyer Assistance Grant?
Yes, the Veenstra Team is able to represent you in purchasing any house that is for sale in the greater Kalamazo area and we can help you to get comnnected with a lender that is able to facilitate the grant.
Looking forward to working with you in the New Year!!
Your REALTORS for life,
David and Jason Veenstra
Fill Out the Form Below to Contact The Veenstra Team
David Veenstra, REALTOR
Jason Veenstra, REALTOR
The Veenstra Team with Evenboer Walton REALTORS
(269) 350-5514 (office)
(773) 751-2206 (fax)
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