We liked the bigger lots and the quality homes in Southern Trace. We only had one month to find a new home. We fell in love with our house the first time we saw it. Everybody has been very helpful, professional, and eager to serve with a great attitude ... even after the sale. Ginger has been faithful to take care of our warranty requests. From our walk-thru to closing to customer care we've felt personally important.
"Here's a program that rewards people who have maintained good credit," says Donnie Chambliss III, President of the Home Builders Association of North Mississippi. "For those that have been waiting for the right time to make a smart move this grant will help in a meaningful way."
HOME Grant Highlights
- $28,750 for down payment and/or closing costs
- Available only in DeSoto County
- Not just for first-time buyers
- New home must be principal residence
- Limited supply, only 16 grants available
- Home buyer must attend an 8-hour education course
- Available on a first-come, first-served basis
- Must have a minimum 620 credit score
- Must be able to qualify for a 30-yr fixed home loan
- Good for up to approximately $160,000 loan amount
- Good for a sales price up to approximately $188,750
- May be repaid pro-rate if there is a profit on sale within 10 years
- Household income must be below certain limits (see chart below)
- Chambliss Builders has homes that qualify (see list below)
Maximum Income Limits
| Number in Household | Household Income |
|---|---|
| 1 | $32,400 |
| 2 | $37,000 |
| 3 | $41,650 |
| 4 | $46,250 |
| 5 | $49,550 |
| 6 | $53,650 |
| 7 | $57,350 |
| 8 | $61,050 |
$28,750 + $8,000 = $36,750 — FREE to you!
Combined with the existing $8,000 Federal Housing Tax Credit for first-time home buyers who purchase before November 30, 2009, you could get an unimaginable $36,750 in free funds!
But you must act NOW!
These offers will not last long. There is a limited supply of HOME Grants available. Call us at (662) 349-6555 or contact us online and we can help you determine if you qualify.
Qualifying Chambliss Homes
The following Chambliss homes are available and would qualify for the Grant:
Be a Facebook Fan
