There is great news for potential new homebuyers! The very popular $8,000 first time homebuyer tax credit has been extended and expanded. In addition to the $8,000 credit for first time homebuyers, the new legislation will allow qualified purchasers who have owned and occupied a primary residence for a period of five consecutive years during the [...]
Act now to take advantage of a once in a lifetime $8,000 tax credit for first-time home buyers!  To be eligible for the tax credit, a home sale must actually close by November 30th, 2009 – not just be under contract. On average, lenders are taking 30 to 45 days to process a loan. That leaves potential buyers only a [...]
Once known primarily as the first-time home buyer solution, Federal Housing Administration (FHA) loans are fast becoming the program of choice for a variety of home buyers. The FHA program has grown in popularity over the past year for a multitude of reasons. First, the restrictions imposed by conventional loans have left qualifying gaps for many [...]
Following the lead of the Federal Government, the Georgia State Legislator has passed Bill 261 allowing Georgia home buyers to apply for an additional tax credit of $3,600. This tax credit, combined with the $8,000 Federal Tax Credit, gives home buyers $11,600 to put towards the down payment of a new home. Unlike the Federal Tax [...]
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