Great News !!!!! Idaho $8,000 First-Time Home Buyer Tax Credit Extended into 2010! As Well As A New $6,500 Tax Credit for Certain Existing Home Owners! The $8,000 tax credit for First-Time Home Buyers has been extended into the first half of 2010. The program was scheduled to expire on November 30,2009. With this extension in order to qualify for the credit contracts need to be in effect no later than April 30, 2010 and close no later than June 30, 2010
Continue reading...Friday, October 30, 2009
Idaho NSP Homeownership Assistance 20% down payment assistance program is a deferred Payment Loan and is due on the sale of the property. This zero interest loan is for foreclosures only (no short sales) ! The main details for this loan are below: - Homeownership assistance provides funds for closing costs, interest write downs, and principal write downs - Home must be a foreclosure (no short sales) and the bank must be willing to discount the property by 1% from the appraised value - Borrowers income must be 120% or below area median income - NSP home ownership assistance can provide up to 20% of the sales price in assistance, not to exceed $40,000 and based on need. This loan is in the form of a zero percent (0%) deferred loan due on the sale of the property.
Continue reading...Friday, October 30, 2009
The Idaho First-Time Home Buyer HOME Down Payment assistance program provides up to $20,000 for down payment assistance. This is a No interest loan which is due on the sale of the property. This Idaho HOME Down Payment assistance program is available to Idaho First-Time Home Buyers who make less than 80% of area median income. Assistance to borrowers is based on need and can range from $1,000 to $20,000.
Continue reading...Friday, October 30, 2009
The Idaho $8,000 First-Time Home Buyer tax credit is on the verge of extension. The Idaho First-Time Home Buyer Tax Credit is set to be extended until April 30, 2010 if it passes legislation. As it stands right now the tax credit is set to expire on December 1, 2009.
Continue reading...Wednesday, October 28, 2009
No money for a down payment ? No problem, try an Idaho USDA Rural Development Home Loan.
Continue reading...Thursday, July 2, 2009
Idaho Housing and Finance Association (IHFA) Zero Down 100% Financing for First-Time Home Buyers. IHFA has a few different loan programs and options for getting 100% financing on the purchase of a property. The definition of a first-time home buyer is any person not owning a home within the past three years. It is an exciting time to be a first-time home buyer
Continue reading...Tuesday, June 16, 2009
The Idaho FHA and VA Manufactured Loan programs for refinancing and purchasing homes is a great program that allows borrowers to purchase and or refinance their properties.
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Saturday, November 7, 2009
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