Can Orange County, Ca First Time Home Buyers use the $8,000 Tax Credit for Down Payment?

On May 31, 2009, in Tips And Advice, by Tim Storm

Orange County first time time buyers can now use the $8,000 tax credit towards their down payment. Sounds great, but not so fast. The real estate industry had pushed for this to go through, but it’s not as good as it sounds. While the $8,000 tax credit is excellent, and buyers should act quickly to [...]

New Jersey FHA Mortgage and the $8,000 Tax Credit as Part of Your Down Payment

On May 30, 2009, in Tips And Advice, by Rick Pristas

Ocean County and Monmouth County, NJ First Time Home Buyers that utilize a NJ FHA mortgage may also be eligible to use the $8,000 First Time Home Buyer Tax Credit as part of their down payment at closing. Key points about the announcement: Home Buyers must still have 3.5% of the down payment from their [...]

First Time Home Buyers – California Tax Credit for New Construction

On May 30, 2009, in Tips And Advice, by Kristen Emery

Good news for SF Bay Area and Silicon Valley home buyers When the California State Budget for 2009-2010 passed back in February of 2009 it included a $10,000 tax credit to buyers of new construction as follows: Eligible period – from March 1, 2009 to to February 29, 2010 (or until the funds run out). Qualified buyer [...]

$8000 FIRST TIME HOME BUYER TAX CREDIT CLOSER TO BEING USED FOR ORLANDO DOWNPAYMENTS?

On May 29, 2009, in Tips And Advice, by Chris Brown

FHA plan will stimulate new Orlando home sales and help stabilize Orlando housing market Today, while speaking to the National Association of Home Builders, U.S. Housing and Urban Development [HUD], Secretary Shaun Donovan announced that the Federal Housing Administration (FHA) will indeed allow homebuyers to apply the $8,000 first-time homebuyer tax credit toward the purchase [...]

Las Hipotecas FHA Le Ayuda Comprar Casa en New Mexico

On May 29, 2009, in Tips And Advice, by Steve Lines

“Uno de los prestamos más populares para la compra de casa en New Mexico es la hipoteca FHA, la cual tiene criterios de calificación muy favorables.” El idioma español es el segundo idioma más común en los Estados Unidos después de inglés. De hecho, el español es el idioma principal hablado en casa por más [...]

Income Limits increase for USDA Rural Guaranteed Loan in Oregon

On May 28, 2009, in Mortgage Programs, by Fred Chamberlin

The Oregon USDA Rural Guaranteed Home Loan limits have been raised for 2009. Now, home buyers with higher incomes can qualify for a USDA Rural Guaranteed Home Loan in Oregon. This USDA home purchase program is one of the very few No Money Down Payment programs available. The USDA Rural Guaranteed Mortgage Loan has lower monthly payments than an Oregon FHA Mortgage Loan because it has no mortgage insurance. Be sure and check the chart to have the confidence that your income is within the Oregon USDA Rural Guaranteed Mortgage Income Limits for 2009.

Somerton Arizona Zero Down Financing

On May 28, 2009, in Tips And Advice, by Derek Egeberg

Yes you really can buy in Somerton, Arizona  or San Luis, Arizona with nothing down.  _______________________ IGNORE THE MEDIA _______________________ The media sells doom and gloom yet now is a buyers dream with low prices and low interest rates. With the right team of a knowledgeable and committed loan officer and an educated Realtor you [...]

Yuma Arizona FHA Loan Limits

On May 28, 2009, in Tips And Advice, by Derek Egeberg

Yuma, Arizona FHA loan limits remain unchanged and now allow virtually every 1st time buyer the opportunity to purchase the home of their choice. The current FHA loan limit is $271,050 after the minimum 3.5% down payment required by HUD.  This number is now significantly higher than the average sales price in Yuma, Somerton and [...]

What Are FHA Mortgage Limits In Virginia?

On May 27, 2009, in Tips And Advice, by Naoma Doriguzzi

The FHA Mortgage Limits in Virginia were last updated February 25, 2009 and here they are as follows : The Hampton Roads Area limits for One Family Homes are $458,850: Virginia Beach Chesapeake Norfolk Portsmouth Suffolk Newport News Williamsburg Isle of Wight Hampton If you are in Virginia and looking for the FHA limit in [...]

How Long is the Waiting Period After a Bankruptcy to be Approved for a New Mexico FHA Loan?

On May 27, 2009, in Tips And Advice, by Steve Lines

Like many Americans, have your personal circumstances pressed you to consider filing for bankruptcy?   Perhaps you have already been recently declared bankrupt.  As the current recession has taken hold, bankruptcies across America have surged.  In 2008, personal bankruptcies reached over a million filings. New Mexico, although not as deeply affected as other states, has [...]