Home Buying

The time to buy is now, There are multiple tax credits available and interest rates are awesome. Home prices are low but should be on the rise along with expectations of rising interest rates. Did you know you can do seller financing and still get the 8,000 tax credit.

Alot of changes to tax credits

There still is 80 grants for new construction purchases and the 8,000 tax credit will be extended until the end of March. There is also a possibility of a 6,500 tax credit for anyone looking to buy a new home next year

Real Estate market still busy

Remember, if your a first time home buyers the 8,000 tax credit runs out Nov 30 2009. A first time home owner is classified as someone who has not owned a home in the last 3 years. Some poeple think that this credit will continue, based on the response to the success of the other Obama plans I will have to say this is it. Buy now don't wait til the last minute to cash in on this oppurtunity

A great time to buy

It is a perfect time to buy your new home. Interest rates are still at an all time low and the 8,000 tax credit is still available until until november. Rental prices are starting to climb again with people unsure of what the future brings.

Utah Housing interest rates

Utah housing has fantastic rates for first time home buyers, They will also allow you to finance all of your closing costs and down payment. Rates today are 5.375 which are actually better that FHA rates

8,000 is now available for down payment or closing

Just posted today. The 8,000 tax credit is now available to be used towards your down payment or closing costs. This is fantastic news for all first time homebuyers.

great news for 1st time byers

HUGE ANNOUNCEMENT!!!

Home buyers qualifying for Federal Housing Administration-insured mortgages may soon use the new first-time home buyer $8,000 tax credit as a down payment, US Department of Housing and Urban Development secretary Shaun Donovan said today.The process of applying the tax credit toward down payment, called 'monetization' in the industry, allows for FHA-qualified borrowers to use the tax credit to obtain a government-insured mortgage.Donovan's announcement came at a National Association of Realtors legislative summit this morning, although HUD's details on the initiative aren't scheduled for official release until next week. The initiative will allow FHA-approved lenders to monetize the tax credit through short-term bridge loans, letting borrowers access the funds at the closing table."We all want to enable FHA consumers to access the home buyer tax credit funds when they close on their home loans so that the cash can be used as a down payment," Donovan said, according to NAR.The tax credit arrived as part of the American Recovery and Reinvestment Act of 2009 for qualifying taxpayers that buy homes in 2009. The law states that qualifying home buyers may claim up to $8,000 - or $4,000 for married individuals filing separately - on either their 2008 or 2009 tax returns. Unlike the previous law - which required recipients of the tax credit to repay the funds over a number of years without interest - the new home buyer credit effective with the passage of the act does not have to be repaid.