All Posts Tagged With: "First Time Buyers"
$8,000 Home Buyer Tax Credit EXPIRES 11/30/09
The clock is ticking for Lehigh Valleuy buyers who want to take advantage of a $8,000 first-time homebuyer tax credit because all sales must close by the Nov. 30 deadline.
The American Recovery and Reinvestment Act of 2009 authorized a tax credit of up to $8,000 for qualified first-time home buyers purchasing a principal residence between Jan. 1 [...]
HUD says $8,000 tax credit can be used for downpayment!
WASHINGTON) – HUD has announced that consumers may now use the $8,000 first-time home buyer tax credit to help cover their downpayment and closing costs on FHA-insured mortgages.
The move will allow FHA-approved lenders; federal, state and local government agencies; and FHA-approved non-profit organizations to supply home buyers short-term or “bridge loans” up to the amount [...]
Avoiding Homebuyer Stress!
Is the stress of buying a home overwhelming you? I would enjoy helping you handle all of the details in order to relieve some of the tension. Here are some tips that might aide in relieving your home-buying stress.
1. Envision where you want to be once the purchase of the house is completed. Write down [...]
9 Buyer Mistakes To Avoid
Are you thinking about buying a home in the Lehigh Valley? Here are some tips for avoiding some common buying mistakes.
1. Take your time. Be familiar with the local market before making an offer. Preview different homes. This will help you to better understand the marketplace.
2. Ask questions. Ask questions about the listing details, the [...]
Down Payment – How Much Do I Need to Buy a Home?
The answer depends upon the mortgage program and a buyer’s specific qualifications. Both Veteran’s Administration (VA) and USDA Guaranteed Rural Housing still allow zero down payment home loans. You read that right, zero down payment and from a program insured by the Federal Government. FHA loans remain at a minimum 3% down payment and some [...]
30Jul2008 | dominion | 0 comments | Continued
UPDATE:
YES, you can use Part of the $8,000 Tax Credit to buy your new home. Very few banks are doing ...