Woodstone Realty - Louisville Real Estate

Welcome Home Funds

On Thursday, March 1^st, 2012 funds will become available for the Welcome Home program. This program is a grant of $5,000 to homebuyers within certain income limits. They do NOT need to be “first time homebuyers” to qualify – they just cannot own other real estate at the time of closing.

Some of the highlights of the program are:

- Maximum income is based on 80% of the current Median income for Jefferson County, and on family size.

- Full grant is forgiven after 5 years of occupancy.

- Works in conjunction with FHA financing.

- Fully executed sales contract must be presented to reserve funds.

- Buyer(s) must invest a minimum of $500 into the transaction, which can be the cost of the home inspection, termite, etc.

- $300 of the $500 requirement can be a gift from a family member.

- Total available funds for this program is about $7 Million. Reservations will be accepted until these funds are exhausted – or – deadline of December 1^st, whichever comes first.

Tom & Tommy Johns ~ Woodstone Realty

502-419-3186 / 502-498-9699

tpjbildz@aol.com

tjohns@woodstonerealty.com

We will be happy to answer your questions about this program and help you find a home that fits your needs.

This program is only available to certain lenders, and Central Bank

is one of the chosen few to offer this program. Please call me with

any questions you may have. I look forward to working with you

and your buyers.

Jeanie Gammon - Central Bank

502.412.4032 Office

502.592.0933 Cell/VM

jgammon@centralbank.com