Many home buyers are scrambling to find the perfect home and close escrow before the November 30, 2009 deadline. The current First Time Home Buyers Credit is slated to end on November 30, 2009.
The $8000 First Time HomeBuyer Tax Credit
There is a lot of information circulating about the First Time Home Buyer Tax Credit of up to $8,000 that is included in the Stimulus Bill, including using it for down payment. First of all, at the present moment in time, it cannot be used for the down payment, even though the Secretary of Housing and Urban Development, Shaun Donovan, said it would be available in a recent speech to the National Association of REALTORS®.
Buyer's This Program May Be For You!
Have you heard of the USDA loan program? Many people think that this program is strictly for the low income. This is not entirely true. A family of 4 can make just over $68,000 a year and qualify for this program. Most of Deschutes County is considered rural – which means that most of the homes […]
Down Payment Assistance
Many of the buyers out there looking for down payment assistance should read up on this subject. Congress has voted to remove the down payment assistance as of October 1, 2008. I trust and read a lot of what a lender in NJ has to say about FHA lending – his name is Jeff Belonger […]
