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8000 homebuyer tax credit: Illinois Home Start Program: Don't Miss it! - 09/17/09 08:19 PM
The clock is winding down on the $8000 Federal Tax Credit that is available to first time home buyers. What some may not know, if you live in Illinois, you may have more than one thing going for you! Illinois has introduced a new program called the Illinois Home Start Loan Program. This program offers two different loans to help first time homebuyers become home owners! The first loan is a Home Start 30 Year Fixed Rate Loan. The second is the Home Start Tax Credit Advance!
If you are a first-time homebuyer in Illinois, you may qualify for both loans. … (1 comments)
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8000 homebuyer tax credit: Don’t Get Left on the Fence! - 08/31/09 09:47 PM
We have all heard the saying, "timing is everything!" There is a lot of truth in that little adage; timing is important. With so many things changing so fast in the housing market, it has also become a mantra for those waiting to buy a home. Many are sitting on the fence trying to perfectly time the moment to jump back into real estate, the moment when home prices are at their lowest but at the cusp of starting the climb back up. The biggest danger for sitting on the fence is never jumping off.
What are some key indicators it … (0 comments)
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8000 homebuyer tax credit: Don't Miss Your Chance for $8000 Tax Credit Towards Your Chicago Home - 08/20/09 09:00 AM
It is hard to believe, but time is running out to cash in on the American Recovery and Reinvestment Act's $8000 Tax credit for first time home buyers. Even though the program runs until December 1, 2009, if you want to take advantage of this program, you should be in the process no later than October 15th. To be sure you are eligible for the credit; you need to complete the purchase of your Chicago home by November 30, 2009. For the purposes of the tax credit, the purchase date is the date when closing occurs and the title to the … (0 comments)
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8000 homebuyer tax credit: 8,000 Reasons to Buy a Home - 03/11/09 01:46 PM
It's been nearly a month since President Barrack Obama announced his Stimulus Plan, which includes an $8,000 tax credit for first time homebuyers. Some critics claimed it wasn't enough, especially since original drafts of the plan included a $15,000 credit. Other were disappointed that only first time homebuyers could benefit. Builders of new homes were disappointed on both scores. The plan as noted in the chart below has some income restrictions. The credit cannot be used as a down payment. It doesn't have to be paid back. It will be applied against the homeowners' tax liability; if they owe less the … (5 comments)
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Karen Breen Elia ChicagoCityHomes
Chicago,
IL
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