In SC, the mortgage market just got tighter. My trusty mortgage broker, Caleb Legrand, just asked me not to send him any more contracts with less that 45 days to close. And if I need Rural Housing or VA, no fewer than 60 days. All the rules are changing July 30 to help protect you from loan fraud, and that's extending the time it will take to close a loan.
Once you backdate from the tax credit expiration, we need to hurry up and find your house!! You must close by November 30th to get your $8000 first time home buyers' credit. With that deadline looming and Thanksgiving in the middle, it will be nearly impossible to close anything between November 15 and November 30. To be safe, I'd shoot to close no later than October 31, so you've got room for delays without losing your tax credit. To close October 31, you need to be under contract by September 15th. Take away another week for negotiating the final terms, and three weeks to shop, and we need to be on the road looking at homes no later than August 15th!
Dreamfinders would love to help you find the home that meets all your needs AND gets you the $8000 tax credit promised. Call Heather at 864-607-1189 or Ty at 864-230-2070 to get us started sending you homes to review now! You can also reach us by email: firstname.lastname@example.org or email@example.com.