Feds reverse rule to assist first-time home buyers downpayment assistance
May 19, 2009 | Brian Lebars | Comments: (1)
Federal officials on Monday reversed an earlier decision to allow first-time home buyers to use an $8,000 tax credit to borrow the down payment on a home.
A week earlier, U.S. Department of Housing and Urban Development Secretary Shaun Donovan had told the National Association of Home Builders that HUD would let banks and local governments [...]
8,000 Reasons to Buy a First Home
February 27, 2009 | Brian Lebars | Comments: (2)
First-time home buyers who purchase a home before December 1, 2009 may be eligible to take advantage of an $8,000 tax credit as part of the American Recovery and Reinvestment Act of 2009. Qualifying first-time home buyers may claim a tax credit of ten percent of the purchase price, up to $8,000, or $4,000 [...]
FHA 203K- Remodel Loan- Rehab Loan- FHA 203Ks…What??? Read On…
November 26, 2008 | Brian Lebars | Comments: (5)
If you’ve been passing up buying homes that require cosmetic repairs for lack of funds to fix them up, FHA has a program for you. Not to be confused with FHA’s much more complicated 203K program, a Streamline-K loan eliminates much of the paperwork and simplifies the process to obtain remodeling funds.
I believe first-time [...]
