If you are a first time buyer on Maui County, you can apply for a $15,000 grant for assistance with your down payment and closing costs. Don’t wait too long as the deadline for application is August 3, 2012.
The grants are available to first time home buyers with low to moderate incomes. Applicants will be selected at a lottery drawing on August 15, 2012. The first 13 applications drawn will be notified to complete and submit a formal application and to submit signed tax returns for the past 3 years. All other applicants will be alternates.
Terms and Conditions
The grants must be repaid if you no longer use the house as your primary residence or refinance the mortgage loan and take cash out all within 15 years. Your application must be submitted with a credit pre-approval letter.
Please contact me if you would like any additional information about this amazing program.