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Home Program

Home Program

Apr 9, 2013 at 8:16 am

Looking to buy your first home?   The city of Grand Forks may soon have a deal for you.  The Finance Committee Monday approved an incentive program that provides up to ten-thousand dollars for a down payment and closing costs.   The assistance would take the form of a no-interest deferred loan secured by a second mortgage.   If the buyer refinances…sells the home…or ceases to occupy it as a primary residence the loan must be repaid to the city.   The homebuyer program will be funded to the tune of 420-thousand dollars and is available for the purchase of both new and existing homes.    

 

Jarrod Thomas

Posted By Jarrod Thomas

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