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fha financing: Brookline, NH First-Time Homebuyer Guide - 08/02/09 09:16 PM
Guide for Brookline, New Hampshire Real Estate For Sale - Affordable Homes for the First-Time Buyer
Buying a home may be the most important investment an individual or family makes in their lifetime. It is important to understand the process and to be aware of the industry professionals who can assist you. The two primary advisers will be Realtors and mortgage lenders. You must understand how much you can afford and what your budget will allow. If you are a first-time home buyer, you may qualify for a tax credit($8000 in 2009) and could be eligible for special financing programs. To … (0 comments)
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fha financing: New Hampshire Housing Offers Solution to Monetizing the Tax Credit - 07/09/09 09:34 AM
How to Monetize the $8000 Tax Credit in New Hampshire
The stimulus package enacted by Federal Government in 2009 provides for an income tax credit for firs-time home buyers of ten percent of the sales price, up to a maximum of $8000. The credit is for the purchase of a new or existing home which must be purchased by December 1, 2009.
The $8000 tax credit is received by filing an amended return for 2008 or on the 2009 tax return. Buyers seeking FHA financing do not always have relatives capable of "gifting" the down payment. Several housing finance authorities have created special programs … (0 comments)
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fha financing: Hooksett New Hampshire First-Time Homebuyer Guide - 06/07/09 07:48 PM
First -Time Home Buyer Guide for Hooksett, New Hampshire Real Estate
Buying a home may be the most important investment an individual or family makes in their lifetime. It is important to understand the process and to be aware of the industry professionals who can assist you. The two primary advisers will be Realtors and mortgage lenders. You must understand how much you can afford and what your budget will allow. If you are a first-time home buyer, you may qualify for a tax credit ($8000 in 2009) and could be eligible for special financing programs.
Mortgage Financing
Most home buyers … (1 comments)
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fha financing: Auburn New Hampshire Real Estate - MLS Map Search - 06/07/09 09:36 AM
Auburn, NH Real Estate - NH MLS - Find Homes For Sale
Industry professionals provide accurate information and proper advice that facilitates the home buying process. Recommended professionals include mortgage lenders, Realtors, attorneys, home inspectors and accountants. If you are a first-time home buyer, you may qualify for a tax credit ($8000 in 2009) and could be eligible for special financing programs. In Auburn, 100% financing is available through the NH Rural Home loan program (USDA).
Once you determine the price range, style, and personal criteria the property search begins. New Hampshire MLS map search is a great tool that provides mapping of all properties … (0 comments)
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fha financing: Stimulus Package Modifies First-Time Homebuyer Tax Credit - 02/15/09 06:56 PM
Stimulus Package - Modifications to the American Recovery and Reinvestment Act of 2008
The "American Recovery and Reinvestment Act of 2009" was passed by the House and Senate on February 13, 2009. According to the NAR website, the "bill provides for a $8,000 tax credit that would be available to first-time home buyers for the purchase of a principal residence on or after January 1, 2009 and before December 1, 2009. The credit does not require repayment. Most of the mechanics of the credit will be the same as under the 2008 rules: the credit will be claimed on a tax … (5 comments)
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fha financing: Deerfield, NH Real Estate and Homebuying Guide - 02/07/09 07:06 PM
This online guide provides information about the community of Deerfield, NH including access to school reports, demographics, property taxes, and commuting data. and a virtual tour of the town. You may read a local newspaper, take a virtual tour of the town, obtain relocation and financing information.
Deerfield, New Hampshire once a parish was incorporated as a town in 1766. It was named for Deerfield, Massachusetts, home of several early settlers. The town was home to John Simpson, who achieved fame by firing the first shot in the revolution, disobeying orders not to fire until you see the whites of their eyes. … (0 comments)
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fha financing: Stimulus Package Amended with $15,000 Tax Credit - 02/05/09 08:33 PM
Senate Moves Quickly to Stimulate the Economy Through Housing
Once the Senate and Congress finalize the stimulus package, the real estate and related industries can look forward to a busy spring market. The current $7500 tax credit is a great benefit for first home buyers, but the newly approved amendment expands the benefits and to all home buyers.
Senator Isakson, the co-sponsor of the amendment, is the former head of Northside Realty. Isakson compared the current housing crisis to that of 1974 and his ideas quickly received Democratic report with little resistance from other members of the Senate. Therefore, it is likely that this amendment … (4 comments)
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fha financing: What Buyers Need to Know About the New FHA Financing - 02/02/09 10:00 AM
There have been some important changes to FHA financing, resulting in more buyers being able to qualify. Here are some important facts.
No Income LimitBuyers in higher income brackets can now take advantage of FHA financing.
Low Down PaymentYou can purchase with 3.5% down and those funds can be gifted to you from a family member. Your family member simply needs to provide verification that they already had the funds in their account.
Seller ContributionsYou may ask the seller to pay up to 6% of closing costs, points, and/or pre-paids. Your closings costs may not total 6%, so be sure to … (5 comments)
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fha financing: Top Ten Things First Home Buyers Must Know Now - 01/17/09 09:43 AM
The Media Has Not Told You The Truth
As a potential first home buyer, you deserve to know what mortgage options are available so that you can make an informed decision. The FHA (Federal Housing Authority) offers great programs. The following list details some important facts.
1. You can qualify for a mortgage with 3.5% down (FHA) - most economists and the press, certainly not industry experts, are telling you need a 10-20% down payment. NOT TRUE!
2. You can qualify with a 580 credit score (FHA) - again, those ill-informed sources say 700+ scores. NOT TRUE!
3. You will receive a $7500 tax … (1 comments)
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fha financing: Call to Action - We Can Change the Message - 01/11/09 03:23 PM
I felt compelled to update this post from last month as the press continues to provide inaccurate information to the consumer. Two very recent examples:
Places: Today New York StudioReporters: Ann CurryRecorded Date: 2009/01/01
Ms. CHATZKY: "You know, if you are somebody who is sitting with a 10 to 20 percent down payment, with a good credit score--and I mean 720 to 760 or above--now is a great time to buy a home."
Places: New York City, New YorkReporters: Carmen Wong Ulrich, Lester HoltRecorded Date: 2008/12/21Media Type: AS
Carmen Wong Ulrich says "And we are running to the bank. And I will, … (0 comments)
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Fred Doleac, Real Estate in a Virtual World
Amherst,
NH
More about me…
Fred Doleac - Bean Group
Address: 55 Ponemah Rd., Amherst, NH, 03031
Office Phone: (603) 732-1800 x 117
Cell Phone: (603) 566-7665
Email Me
Experience the Future of Real Estate Today - A view of the new real estate economy where the integration of technology, consumer preferences and communication are the critical elements of success. I explore the sales process, training, tools, laws, ethics, motivation of agents, Broker/Owners and consumers.
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