programs: First-Time Home Buyer Tax Credit
- 07/21/09 06:17 AM
The $8,000 First-Time Home Buyer Tax Credit Expires December 1, 2009 If you're planning to claim use the credit and haven't started looking for a home, your clock is officially ticking. You must be closed on your new home on or before December 1. Because purchase closings come 60-days standard, therefore, your $8,000 is in jeopardy unless you go under contract prior to October 2, 2009. That's 73 days from now. Use it or lose it. The First-Time Home Buyer Tax Credit is part of the American Recovery and Reinvestment Act of 2009. In it, Congress authorized a first-time homebuyer tax … (0 comments)
The recently economic downturn has simply restricted borrowing. A prudent buyer will confirm that their loan program is still available before making an offer.
My suggestion is that you have your loan officer take a proactive measure and have the file fully approved before you submit any offer to purchase. In so doing it will help negotiations and at times beat out other offers that are on the table. … (0 comments)
This is a superb vehicle for, First Time Home Buyers.
Primary residenceSingle family Residence, (Warrantable & condo-conversions), and Planned unit developments.Maximum loan amount $417,000.00
Buyers Bonus payments only apply to the first trust deed. Subordinate financing, taxes and insurance and HOA (if Applicable) are the buyers responsibly.
If you are a homebuyer, please contact me for details.
The $8,000 First-Time Home Buyer Tax Credit Expires December 1, 2009;)
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