First-Time Homebuyer Tax Credit Loan Programs

The National Council of State Housing Agencies has additional information on HFA First-Time Homebuyer Tax Credit Loan Programs.

From the website:
"The American Recovery and Reinvestment Act of 2009 provided a federal income tax credit for first-time homebuyers of ten percent of the sales price, up to a maximum of $8,000, for the purchase of a new or existing home. The tax credit is available to qualified homebuyers who purchase a home before December 1, 2009.

To help buyers that need down payment and closing cost assistance when purchasing a home with the tax credit, a number of HFAs are offering special short-term second loans to qualified buyers. These loans are available for little or no interest and may be repaid with the homebuyer tax credit refund."

For first time home buyers, now is an excellent time to buy a home and take advantage of this temporary down payment program.

For more information on this incredible opportunity and for a referral to an excellent loan officer, please call me on my cell phone at 224-627-7581 or send me an email to the link below.

Jim Starwalt

Thinking of making a move? Log onto my website at www.StarHomeFinders.com and search the Multiple Listing Service from over 150,000 homes for sale. Registering is quick and easy!

Jim Starwalt, Broker Associate RE/MAX Center, Phone: 847-548-2625 Jim@StarHomeFinders.com