8000 tax credit as a down payment: Deadline Approaching for Tax Credit - 09/15/09 04:34 PM
The deadline is approaching for first time home buyers to take advantage of the 2009 1st Time Homebuyer's $8,000 Tax Credit.
The American Recovery and Reinvestment Act of 2009 has an incentive for first-time buyers to purchase a home. The credit is equal to 10 percent of the cost of the home, up to a maximum credit of $8,000.
The tax credit ends on December 1, 2009 and requires that the real estate closing happen by November 30, 2009.
With an "average" loan approval time frame of 45 days, you will want to have a home under … (1 comments)

8000 tax credit as a down payment: Tax Credit toward purchase of FHA Home - 06/04/09 01:39 PM
From the FHA Press Release:
"Currently, borrowers applying for an FHA-insured mortgage are required to make a minimum 3.5 percent downpayment on the purchase of their home.
Current law does not permit approved lenders to monetize the tax credit to meet the required 3.5 percent minimum down payment, but, under the terms of today's announcement, lenders can now monetize the tax credit for use as additional down payment, or for other closing costs, which can help achieve a lower interest rate.
Buyers financing through state Housing Finance Agencies and certain non-profits will be able to use … (0 comments)

8000 tax credit as a down payment: First-Time Homebuyer Credit - 06/02/09 11:09 AM
Wondering if you qualify for the First-Time Homebuyer Credit?
Here is a link to the IRS First-Time Homebuyer Credit Form 5405.
From the IRS Form 5405 ...
Who Can Claim the Credit:
In general, you can claim the credit if you are a first-time homebuyer.
You are considered a first-time homebuyer if:
You purchased your main home located in the United States after April 8, 2008, and before December 1, 2009.
You (and your spouse if married) did not own any other main home during the 3-year period ending on the date of … (0 comments)

8000 tax credit as a down payment: First-Time Homebuyer Tax Credit Loan Programs - 05/22/09 03:57 PM
The National Council of State Housing Agencies has additional information on HFA First-Time Homebuyer Tax Credit Loan Programs.
From the website: "The American Recovery and Reinvestment Act of 2009 provided a federal income tax credit for first-time homebuyers of ten percent of the sales price, up to a maximum of $8,000, for the purchase of a new or existing home. The tax credit is available to qualified homebuyers who purchase a home before December 1, 2009.
To help buyers that need down payment and closing cost assistance when purchasing a home with the tax credit, a number of … (0 comments)

Jim Starwalt, Real Estate Agent - Grayslake (Better Homes and Gardens Real Estate Star Homes) Rainmaker large

Jim Starwalt

Real Estate Agent - Grayslake

Grayslake, IL

More about me…

Better Homes and Gardens Real Estate Star Homes

Address: 783 Barron Blvd, Grayslake, Il, 60030

Office: (847) 548-2625

Email Me

Contact Me Interested in selling your home? Contact me to get a professional estimate. Jim Starwalt Call: (224) 627-7581 My Grayslake Real Estate Listings on Zillow Real estate services, comments and advice for home buyers and sellers in the Northern Illinois area including Lake County and McHenry County. Jim Starwalt REMAX Center See Jim Starwalt's listings Get this widget Illinois Mortgage Rates 30 Year Fixed 15 Year Fixed 5/1 Adjustable Mortgage Rates on Zillow Jim Starwalt

Nxf8bn front.hdr
4 br, 4 ba, 5,964 sqft
Luxury and privacy will be yours in this spacious custom brick ranch home on ...
Ar   front 1
4 br, 3½ ba, 3,508 sqft
Don't miss this fantastic short sale opportunity! This magnificent home is p...
Ar   front 1
4 br, 2½ ba, 2,344 sqft
Beautiful Home with Grayslake Schools! Located in Grayslake grade school dist...
Lbjvyv front.hdr
6 br, 3½ ba, 2,892 sqft
Dramatic Custom Colonial situated on 2 beautiful wooded acres. With 13 rooms...
Ar   may front 1
4 br, 2 ba, 2,034 sqft
Looking for a country homestead to call your own? This beautiful historic far...
Ar   may front 1
2 br, 2 ba, 1,713 sqft
You'll be pleasantly surprised as you enter this inviting contemporary home f...
Ar   front 1
3 br, 2½ ba, 2,145 sqft
Come see this beautiful home today! Surprisingly large home with vintage char...
Ar   front 1
3 br, 2 ba, 2,200 sqft
Kick Back! Relax! A whole new way of living awaits you in this secluded resor...
Ar   front 1
5 br, 2½ ba, 2,368 sqft
Truly a home for your family to love! You'll be impressed with the size of th...
Ar   front 1
5 br, 4 ba, 2,592 sqft
This beautiful home is fully updated and offers 2592 sq ft on the first two l...
Ar   front 1
4 br, 2½ ba, 2,232 sqft
Your heart will melt as you enter this gracious traditional styled home with ...
Ar   front 1
5 br, 5 ba, 3,680 sqft
Experience luxurious living in this gorgeous 5 bedroom, 5 bath home. The eleg...
Ar   front 1
4 br, 2½ ba, 2,067 sqft
This cheerful house is bright and open! Relax on the large front porch overlo...
Ar   front 1
4 br, 3½ ba, 2,625 sqft
A custom home to meet the needs of today's lifestyle. Are your adult childre...
Ar   front 1
4 br, 2½ ba, 1,963 sqft
What's not to like about this contemporary designed 4 bedroom, 2-1/2 bath fam...
Ar   front 1
1 ba, 927 sqft
Premium location in Downtown Grayslake for your office or retail space. Newer...
Ar   front 1
5 br, 2½ ba, 2,584 sqft
Prepare to be impressed, your dream home is ready and waiting! With one of th...
Ar front 1
4 br, 2.2 ba, 2,148 sqft
See it to believe it, we have your new home ready for move in! A four bedroom...
Ar front 2
4 br, 4 ba, 3,613 sqft
We found your dream home here! Builder's own custom home featuring 4 bedrooms...



RSS 2.0 Feed for this blog