If you want to take advantage of the $8,000 tax credit, don’t wait any longer. [...]
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Lenders can now provide short-term loans to first-time borrowers eligible for the $8,000 home buyer tax credit. HUD did not estimate how many FHA buyers would benefit from tax-credit advances. FHA borrowers relying on the lender to finance the tax credit will have to come up with their own money for the 3.5% down payment. But after that, they can use the proceeds from the short-term loans to increase their down payments, cover their closing costs or buy-down their mortgage rate. [...] 2009 Homebuyer tax credit: 1. Who is eligible to claim the tax credit? First-time home buyers purchasing any kind of home—new or resale—are eligible for the tax credit. To qualify for the tax credit, a home purchase must occur on or after January 1, 2009 and before December 1, 2009. For the purposes of the [...] Final Score = $8,000 for first time buyers Here are the main points: 1. First time homebuyer: defined as someone who has not owned a principal residence during the 3 year period prior to the purchase of a new or resale home. 2. For the tax credit, the purchase closing (and title transfer and occupancy) [...] First Time Home Buyer Tax Credit Rebate Just in case you need additional incentive to stop paying rent and purchase a home of your own, there’s a nice windfall for some home buyers in the awaiting economic stimulus bill. First time home buyers will be able to claim a tax credit worth up to [...] In 2008, Congress enacted a $7500 tax credit designed to be an incentive for first-time homebuyers to purchase a home. The credit was designed as a mechanism to decrease the over-supply of homes for sale. For 2009, Congress has increased the credit to $8000 and made several additional improvements. This revised $8000 tax credit applies [...] |
Wayne Barnes - 918-645-1470 Contact Wayne via email "Marketing Maniac" Senior Real Estate Specialist By Referral Only Designation Real Estate Cyberspace Society Wayne Barnes - Realtor Broker Associate with Coldwell Banker Select 8990 S Sheridan Tulsa, OK 74133 (918) 645-1470 Fax: 918-394-0589 Endorsement Would you like to search the entire MLS system from your SmartPhone? Just visit this site from your SmartPhone - http://rea.bz/wbarnes - and download the app. |
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