Tag Archive | "down payment assistance"
What changes are on the horizon for FHA Mortgage Loans?
Craig Tomlinson of Bell Real Estate in Eugene recently posted this  this blog post  about possible changes in FHA Mortgage Loans . He asked some of the same questions many people have now about what is going to happen with FHA loans in the future. He didn’t have the answers and neither do I about what FHA will be doing, but I know what they are doing.
Continue reading...$8,000 Tax Credit – Time is Running Out for First Time Home Buyers in St. Louis
Thursday, July 16, 2009
November 30, 2009 If you are a First Time Home Buyer in and around the St. Louis area time is quickly running out to purchase your first new home and receive that $8,000 tax credit your Uncle Sam is wanting to give you. A Tax Credit is money that the Federal Government will GIVE to you over and above what you owe them in that tax year.
Continue reading...Down-Payment Assistance Program – Texas
Friday, June 26, 2009
This program allows a first time home buyer in Texas to monetize the $8000 tax credit and apply it to their down-payment and closing costs. Funds are available on a first come, first served basis. Currently only $5 Million has been allocated for this program. Requirements: No one on the loan may have owned a home within the last 3 years Home must be new or resale and used as a principal residence Allows for financing of single family detached homes, town homes, and condos Purchase must occur between 01/01/09 and 12/01/09 Minimum credit score of 620 required on all borrowers Income limits: $75,000.00 for a single taxpayer and $150,000.00 for married taxpayers Home buyer class is required This is a great program for those who are a bit short on cash to close. There’s nothing worse than finding the home you wish to buy and draining all of your savings to make the purchase a reality. Contact me for more information or to apply Leesa Sandoval 972-407-7922 or 214-202-0491 www.leesasandoval.com Copyright
Continue reading...New Jersey FHA Mortgage and the $8,000 Tax Credit as Part of Your Down Payment
Saturday, May 30, 2009
Ocean County and Monmouth County, NJ First Time Home Buyers that utilize a NJ FHA mortgage may also be eligible to use the $8,000 First Time Home Buyer Tax Credit as part of their down payment at closing. Key points about the announcement: Home Buyers must still have 3.5% of the down payment from their own funds. Use of the tax credit is in addition to not in place of the minimum 3.5% down payment required for an FHA Loan. The tax credit advance, when combined with the FHA-insured first mortgage may not result in cash back to the buyer. The tax credit may not exceed the anticipated credit due to the home buyer based on the computations on form IRS 5405.
Continue reading...Can I Use My $8000 Tax Credit As A Down Payment In Idaho?
Thursday, May 14, 2009
There are many wondering, can I use my $8,000 tax credit as a down payment in Idaho? There are many rumors circulating about the possibility of Idaho First-time homebuyers being able to use their $8,000 tax credit as a down payment
Continue reading...IHFA Tax Credit 2nd loan for Idaho First-Time Homebuyers
Thursday, May 14, 2009
The IHFA Tax Credit 2nd loan for Idaho First-Time Homebuyers is a great way for individuals to get 100% financing on the purchase of a home. This is a great way for First-Time Homebuyers to utilize their $8,000 tax credit they will receive from the government for purchasing a home in 2009. Below our some of the guidelines associated with the loan
Continue reading...IHFA Tax Credit 2nd loan for Idaho First-Time Homebuyers
Thursday, May 14, 2009
The IHFA Tax Credit 2nd loan for Idaho First-Time Homebuyers is a great way for individuals to get 100% financing on the purchase of a home. This is a great way for First-Time Homebuyers to utilize their $8,000 tax credit they will receive from the government for purchasing a home in 2009.
Continue reading...Oregon First Time Home Buyers Get a Boost with $8000 Tax Credit Down Payment Assistance
Wednesday, May 13, 2009
The biggest problem that most Eugene and Springfield Oregon first time home buyers have is coming up with the down payment. I have posted several times in the past various ways to get the down payment together, but it has still been out of the reach of some people. Now, that could change
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Wednesday, September 9, 2009
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