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The $8,000 first-time home buyer tax credit expands
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The $8,000 First-Time Home Buyer Tax Credit Expands
Up until now, home buyers have experienced delays in accessing the $8,000 tax credit funds. The new HUD initative permits first-time home buyers to get a short term loan to borrow on that tax credit prior at closing to pay closing costs and down payment in excess of the FHA 3.5% minimum down payment. There are some limitations in the the new policy. This applies only to FHA loans. For more information see (insert link from prior e-mail). With interest rates starting to rise, now may be the optimal time to purchase for first-time home-buyers wanting to benefit from the tax credit. Go to this link for information:http://www.usnews.com/blogs/the-home-front
Up until now, home buyers have experienced delays in accessing the $8,000 tax credit funds. The new HUD initative permits first-time home buyers to get a short term loan to borrow on that tax credit prior at closing to pay closing costs and down payment in excess of the FHA 3.5% minimum down payment. There are some limitations in the the new policy. This applies only to FHA loans. For more information see (insert link from prior e-mail). With interest rates starting to rise, now may be the optimal time to purchase for first-time home-buyers wanting to benefit from the tax credit. Go to this link for information:http://www.usnews.com/blogs/the-home-front
For more info: Call Greg Foster, Metro Brokers, Foster and Associates 720-232-3219, email gfostermb@yahoo.com
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