Free Grant Money for Louisville Home Buyers in 2011 with Welcome Home Program.

On Tuesday March 1st, 2011 funds will become available for the Welcome Home Program. This program provides a $5,000 grant to any home buyer that meets the income requirements. The Buyer cannot currently own any real estate, but does not have to be a first time home buyer. Requirements; 1. Max income is based off of 80% of Jefferson County median income and family size. 2. Grant is forgiven after the Buyer has lived in the home for 5 years. 3. Accepted contract on a home must be presented in order to reserve the funds. 4. Buyer must have $500 invested into the purchase. This can be in the form of paying for a home inspection etc. $300 of the $500 can be in the form of a gift from a family member. 5. Total available funds for the program is 7.1 million. Reservations for these funds will be accepted until the funds are exhausted or the deadline of Dec 1st, 2011  is reached. This program is only available through select lenders. For more information please email us at Patrice@TheMilesTeam.com. Also visit us at www.TheMilesTeam.com to search for homes or get more information about real estate in the Louisville Market.