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Loan pool offers help to first-time homebuyers

SHARE Loan pool offers help to first-time homebuyers

Neighborhood Housing Services is coordinating a $2.7 million loan pool to help provide affordable housing to Utah families.

The loan pool is a community revitalization efforts between Neighborhood Housing Services, American Express Centurion Bank, Bank One, Key Bank, U.S. Bank, Washington Mutual and Zions Bank. Applicants who are approved can receive a loan for the total value of the home for $1,000.To be eligible, applicants must be first-time homebuyers, have an income at or below 115 percent of the median income level, attend eight hours of homebuyer education and counseling and contribute $1,000 in out-of-pocket expense.

For more information call Bruce at 539-1590.