First Time Home Buyer Tax Credit Deadline
Everybody should know by now about the $8,000 tax credit available to first time home buyers. It's hard to believe that half of the year is over, and before you know it December 1st will be here and it will be too late to purchase your first home to claim the tax credit.
If you have good credit, haven't owned a home in three years, and earn less than $75,000 annually, talk to a real estate agent and lender to see if you qualify to purchase a home. They'll also let you know how much you need for a down payment and for closing costs.
There are many loan programs available to new home buyers, historically low mortgage rates, a high inventory of homes for sale, and lots of motivated sellers. You'll probably find that there's a home for you at the right price. Just don't wait too long -- December 1st will be here before you know it.
For help in finding your first home in O'Fallon, Belleville, Fairview Heights, Swansea, including Scott Air Force Base in Illinois -- call Yolanda Hoversten @ 618-407-9195 or log on YolandaHoversten.com. Check out this new listing perfect for first time home buyer -- 244 Brackett Street in Swansea, IL.
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