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$4,000 free money towards buying a house! on top of a $7,500 tax credit for first time buyers!

Posted on September 22, 2008 by Ray Williams.

Are you looking to buy a house and are having trouble saving the money for your closing costs or down payment?

There is a nonprofit company in Denver who will give you $4 for every $1 you put into their savings plan. You have to be in the plan for 6 months prior to receiving the benefit, so plan ahead.

What this means is if you max out their allowable amount, you will contribute $1,000 and they will match it with $4,000 towards money to buy a house. For a total of $5,000 you have to put towards the costs of buying a home. The program has been around for some time, but has a drop dead date of August 2010 (when you have to have used the money by).

Add that to the first time buyer credit of $7,500 by the federal government and you can make a home purchase quite a bit easier to obtain.

To find out more let me know!

Ray

rwilliams@summit-mortgage.com or 303.779.0591 ext 101

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