Jack Cotton Realty LLC

President Joe Biden’s proposed first-time homebuyer proposal.

The House Financial Services Committee recently released the latest draft of the proposal, called the “Down payment Toward Equity Act of 2021.” The proposal comes in the form of a grant. There is currently no amount set in terms of funding. Congress will have to debate about the amount of funding they find acceptable for fiscal years 2021 – 2030. However, assistance limits are currently proposed up to $20,000 per homebuyer.

According to the proposal, funds must only be used to help homebuyers purchase a home. Assistance can go toward a down payment or the closing costs, or to reduce the interest rate on a mortgage. While the grant is for first-time homebuyers, those who have not owned a home in three years may be eligible.

If you are interesting in learning more or for updates, contact Jack Cotton Realty by email [email protected]

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Several years ago, I sold a commercial property owned by the First Baptist Church at McClellan with owner financing. The new owner just paid off the mortgage owed to the church and the church used those funds to pay off their own mortgage. Now, First Baptist is debt free!!

They physically burned the mortgage during last Sunday's Service. While I was only a small part of this accomplishment, it was an incredible and rewarding feeling to be part of such a meaningful event. 🏡💸🔥

Congratulations! Anniston's First Baptist Church at McClellan

Watch the ceremony: https://fb.watch/4Ke9jgetIu/

Limited inventory, low interest rates and bidding wars are driving prices sky-high. If you are looking to buy don't wait too long and if you are looking to sell, now is the time!! Give me a call today 256-225-3852

The housing market is crazier than it's been since 2006 The past year has been the hottest for sales activity in 14 years. Home values are rising in practically every corner of the U.S., and median sale prices in dozens of metro areas have posted double-digit percentage increases from a year ago, according to Zillow Group Inc.