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Well...if you have not owned a home in three years (aka "first time homebuyer") and you purchase a home that closes between January and December 1, 2009, and you make $75,000 or less (single) or $150,000 or less (married couple), then you get up to an $8,000 credit on your 2009 income tax!
This is great news for folks wanting to purchase a home for the first time!
Click on the link http://www.bobparks.com/resources/tax-credit/ to check out the details for yourself.
With rates as low as 4.875% for a 30 year mortgage, this would be an awesome time to start considering a home purchase if you are a "first timer", and can qualify for a loan. FHA loans require 3% down payment and conventional loans, typically 10-20% down, so start stashing away and let's start looking at a home!
With rates as low as 4.875% for a 30 year mortgage, this would be an awesome time to start considering a home purchase if you are a "first timer", and can qualify for a loan. FHA loans require 3% down payment and conventional loans, typically 10-20% down, so start stashing away and let's start looking at a home!
Contact me at Dawne@bobparks.com for more information.
1 comment:
Hi Dawn, I posted a chart from the National Association of Realtors on my blog that compares the terms of the previous $7,500 "tax credit" with the current $8,000 credit. Don't forget that you can claim the tax credit on your 2008 tax returns, amended if necessary.
I also posted the IRS form that your buyers will need in order to claim the $8,000 first time homebuyer tax credit on my blog.
We just dropped the price on 585 Marigold Drive in Franklin to $425,000. This makes us the best value in sought after WillowSprings.
Call our agent, Mark Dobberstein from Bob Parks at (615) 479-6334 for more details.
Thanks and have a good weekend.
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