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Contact David Ellis

If you have any questions or need more detailed information, please feel free to contact me via phone at 435-862-9199 or fill out the form to let us know how we can help with your real estate needs.

Office Location 1224 S River Rd, Ste A-200,
St George, UT 84790
Office: 435-674-6024
Cell: 435-862-9199
Fax: 866-476-5314

March 2009

There are 2 blog entries for March 2009.

Utah Helps Homebuyers - $6,000 Grant

Monday, March 16th, 2009 at 8:02am. 3880 Views, 0 Comments.

Just announced last week, the Utah Senate has approved a bill offering down payment assistance to home buyers in the amount of $6,000.  The grants are only available on purchases of new construction homes, and the funds ultimately come from the economic stimulus package.

A few plan details:

  • the $6,000 does not need to be repaid
  • the home must be owner-occupied
  • no first-time homebuyer requirements
  • $6000 can be applied towards down payment, closing costs, rate buydown or principle reduction 
  • the State has a total of $10 million available for this program...or approximately 1600 loans 
  • income limit is $75,000 for individual or $150,000 if filing jointly

With greater lending restrictions and more stringent down payment requirement, this grant money should help many…

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$8,000 Home Buyer Tax Credit

Monday, March 16th, 2009 at 7:51am. 1365 Views, 0 Comments.

It is a great time to buy a home in St George, Utah...especially for first-time home buyers.  With the passing of the "American Recovery and Reinvestment Act of 2009", first-time home buyers are now eligible for a $8,000 tax credit.  How does this tax credit work?  Here are some details:

  • Timeframe: applies to all qualified purchases on or before January 1, 2009 and before December 1, 2009.
  • Amount: credit applied is 10% of the purchase price, up to $8,000.
  • Income Limits: full amount of credit available for individuals with adjusted gross income of no more than $75,000 or for a joint return, $150,000.
  • First-time Homebuyers: the credit applies only to first-time home buyers...or in other words, purchasers who have not owned a primary residence for three years…

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