Ar_home_b_search
 



8000 tax credit: Oregon First Time Home Buyer Seminar and the $8000 Tax Credit - 08/26/09 12:53 AM
Oregon First Time Home Buyer Seminar and the $8000 Tax Credit
On December 1, 2009, the $8000 First Time Home Buyer Tax Credit is set to cease. In order to receive this credit, the home purchase must be finalized. This means that we have roughly 90 days in order to get pre-approved, find a home and get it through underwriting. While this sounds like a lot of time, it's not.
If you are at all interested in purchaing an Oregon home, and are a First Time Home Buyer, and want to take advantage of an $8000 cash refund from our government, … (0 comments)

8000 tax credit: Update on the $8,000 Tax Credit - 05/29/09 05:06 PM
Special Update:New guidelines were issued today for the monetizing of the $8,000 first-time homebuyer tax credit that was announced by HUD and then delayed by HUD. The primary change is that the money cannot be applied toward the 3.5% down payment. It can be used for a larger down payment or applied toward closing costs. We'll provide more details soon.
Here's a link to the HUD site. Click on Mortgage Letter 09-15 http://www.hud.gov/offices/adm/hudclips/letters/mortgagee/index.cfm
Again, it appears that it can be used as "a" downpayment, but the borrower still needs to come to the table with 3.5% on FHA loans.
… (5 comments)

 
Larry_morris1 Rainmaker_large

Larry Morris, Oregon Mortgages

Sherwood, OR

More about me…

HomeStreet Bank

Address: 16200 SW Pacific Highway, Suite Z-3, Tigard, OR, 97224

Office Phone: (503) 639-2459

Cell Phone: (503) 421-0096

Email Me

Relevant news and information about issues relating to Oregon and Southern Washington mortgages and real estate. These views do not represent the views of HomeStreet Bank. View Larry Morris's profile on LinkedIn

Twitter Updates

    follow me on Twitter


    Listings

    Links

    Archives

    RSS 2.0 Feed for this blog