Monday, November 9, 2009
- This $8000 tax credit will extend to First Time Home Buyers who purchase a home until April 30, 2010. To be able to qualify for this tax credit one must purchase a home by April 30, 2010. The purchaser or his/her spouse may not have owned a residence during the three years prior.
- If you would like more information please visit MySecretAgent and we will be happy to answer any questions.
Monday, November 2, 2009
In the past many sellers didn't want to accept FHA loans because of the guidelines. Presently as a seller it would be a beneficial to accept this loan because many buyers are qualifying for an FHA loan and this would give you a better chance of selling your home.
|FHA Loan Guidlines|
|Down Payment||Minimum 3.5%|
|Closing Costs||Low, regulated by HUD|
|Post-bankruptcy Qualifying?||Can qualify after 2 years|
|Post-foreclosure Qualifying?||Can qualify after 3 years|
|Private Mortgage Insurance||Low cost|