If you have any questions regarding this, Please call me or shoot me an email.
also note that the $8,000 Tax credit can be used for down payment too.
Yeah wow. call for details.
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$8000 Tax credit can be used for down payment
May 22, 2009 – 12:01 pm
Did you know that the $8000 Tax credit can be used for down payment.
Read what REALTOR® MAGAZINE had to say. If you have any questions I can help you out. This is a great time to call me. 703-421-1330
Builders online has some more information regarding that First, it clarifies HUD’s position regarding state finance agencies that had already established programs to help first-time buyers use the tax credit as part of their downpayment or additional equity in their home purchase. While a handful of states had already begun doing this, according to Rob Dietz, director of tax issues at the NAHB, others had been waiting for more information; Donovan’s remarks appear to give HUD’s blessing to the practice.
He says FHA’s approved lenders would be permitted to “monetize” the tax credit through short-term bridge loans. This will allow eligible home buyers to access the funds immediately at the closing table. The plan isn’t final; more details are expected in coming weeks.
Affordability Index
March 24, 2009 – 10:05 am
Here’s a little-known fact: Housing may be more affordable now than at any recent time, thanks to lower prices and falling mortgage rates (now about 5 percent). The National Association of Realtors has an “affordability index” that estimates the family income needed to buy a median-price house, assuming a 20 percent down payment and monthly mortgage payments equal to 25 percent of income. Affordability is now the highest since the index’s start in 1970. Quote from Washington Post, March 2, 2009: Page A17
Fairfax Housing Data 2008
February 28, 2009 – 1:21 pm
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You might want to press the full screen for this one. A lot of information is posted and the information is small. The full screen button is located to the right of the number of slides.
also to exit full screen you can press the button again or just press the “Esc” on your keyboard.