The CLOCK is ticking. If you haven't owned a home for three years, the time to buy is now. The Government is giving you a Stimulus tax break (1st time homebuyer tax credit of $8,000) and will allow you to file an amended tax statement to get an immediate refund. Further more, Washington State has come up with a Housing Tax Credit Advance Loan Program (see below), to lend you the money to use as a down payment. Your new home must close before December 1, 2009, or you lose this give away. You snooze you lose. This means if you have decent credit, A job that will support your new house payment you can buy a home with almost no money out of your pocket. Call you Mortgage Broker today, and Buy. With low interest rates, you can buy a Short Sale or REO property and get a GREAT Deal. You can always reach mike through Tacomashortsales.com
Housing Tax Credit Advance Loan Program: The Legislature passed the state budget with a provision authorizing the State Treasurer to invest $25 million in a Tax Credit Advance Loan Program. There are still details to be worked out, but the program would allow first-time home buyers to utilize the tax credit as down payment when closing the sale of their first home.
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