atlanta mortgage lender: First time homebuyer tax credit - 10/30/09 06:15 AM
Those of you that have been waiting for an update on the first time homebuyer tax credit, and a possible extension, may be happy to hear that this is all but certain now. http://www.bloomberg.com/apps/news?pid=20603037&sid=ai5ZNuz56Q4g The senate will vote next week on the bill but it appears certain it will go through. Great news for first time homebuyers is that the income limits have been increased from $75,000 to $125,000 for individuals and up to $225,000 for couples. This will bring more buyers into the market that will be able to buy larger homes and boy have we needed that! The other
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atlanta mortgage lender: Georgia Dream "Plus" - 09/21/09 02:42 PM
Atlanta, GA - Today the Georgia Department of Community Affairs announced a new down payment assistance option to its Georgia Dream Homeownership Program. The Georgia Dream "Plus" option offers down payment and closing cost assistance for first time home buyers with incomes up to 100% of their Area Median Incomes (AMI). Georgia Dream's down payment assistance options are normally restricted to borrowers whose incomes are at or below 80% AMI. This assistance comes in the form of a second mortgage loan, with a zero percent interest rate and requires no repayment until the home is sold, refinanced, or no longer used
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