Homebuyer Tax Credit Plan Agreed to by U.S. Senate Democrats

Below are the Highlights:

1) It would allow homeowners to qualify for a $6,500 credit if they have lived in their residence for five years. In addition they wouldn’t have to be first-time home buyers.

2) The income limits will go up to individuals earning up to $125, Read more

What you don’t know about the 1st time home buyer tax credit…

If you are betting on getting the 1st time home buyer tax credit you will NOT necessarily receive the full $8,000 credit being advertised heavily by Congress. The credit is a maximum of 10% of purchase price and only available to first time homebuyers Read more

First-time home buyer $8,000 tax credit…

 Breaking news: HUD Secretary Donovan announces that the $8,000 tax credit may be used as a downpayment.

Who Qualifies?
First-time home buyers who purchase homes between January 1, 2009 and December 1, 2009. Read more

Can I use Section 8 to pay my monthly mortgage payment if I buy a home?

Recently, the Section 8 program was modified to allow Section 8 to help pay mortgage payments for qualified first-time homebuyers. To qualify, you must be a first-time homebuyer, have a household income of at least $10,300, Read more

“Housing Affordability Fund Mortgage Protection Program”…for 1st time home buyers!

This Thursday, April 2nd the California Association of Realtors will launch a new program for first-time buyers who are hesitant about entering the housing market due to concerns about potential job loss, and subsequently being unable to meet their monthly mortgage obligations. Read more