Cleveland Real Estate market is dis-balanced and full of opportunities.
We started a discussion on the problems and big opportunities of today's dis-balanced Real Estate market in Greater Cleveland in a previous post. It was mentioned that it may be a very good choice for home buyers who use mortgage financing to consider buying the properties, which have been rehabbed and remodeled by investors.
Here is one more opportunity for Cleveland home buyers who have limited funds for down payment: Welcome Home $5,000 Grant available to persons and families with low or moderate income.
For new applications starting March 1st, 2011 until all money is reserved, you can get up to $5,000 towards purchase of your new home.
Here are few criteria you need to meet:
- Annual income should not exceed $51,840 for family of 1 or 2; and $59,616 for family of 3 and more people.
- You should have an executed purchase agreement
- You should make a contribution of minimum $500 (not too much, HUH!)
Please do not delay - previous funds have been used extremely fast.
Just few examples of great properties which you can buy using this money:
Don't miss this incredible opportunity!
Oh, almost forgot to mention that after 5 years the entire sum of the Grant is forgiven!