It's been a long road....finding the right property and then working through the closing process nevertheless another first time home buyer has a new home. We started looking at houses in September knowing we had plently of time to find the right home and close by the November 30 deadline for the $8000 First Time Buyer Tax Credit.
Well here it is mid-November and we got it done. We found a great townhome in Ridenour at Highway 41 and Barrett Parkway. There are wood floors and stainless steel kitchen appliances. The Great Room opens onto a deck looking at an old growth forest. This falls the colors have been okay however spring with the dogwood trees will be spectacular.
This homeowner qualifies for the $8000 Tax Credit as a first time homebuyer and chose a 30 year fixed rate FHA loan at 5% interest. Because the purchaser purchased a foreclosure propety he also qualified for the Georgia Down Payment Assistance Program receiving $14,000 towards his down payment.
Remember the $8000 First Time Home Buyer Tax Credit has been extended! If you are thinking about purchasing a home there are sellers wanting to sell and very reasonable interest rates.