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Homebuyer tax credit

$0 Down is Back - No Money Down - Seller Paid Closing Costs

by Brian Petrelli 2. April 2010 15:47

I was just notified by a lender that our clients now have access to a true $0 Down Mortgage - Really!

This is NOT a government program like Fannie Mae or CHFA. This is NOT restricted to specific counties.

Here is what it IS:

  • Up to 100% Loan-to-Value
  • Conventional financing with no Private Mortgage Insurance (PMI) required
  • Non-traditional credit is acceptable
  • Fixed interest rate
  • Low down payment options
  • Funds required to close may be a grant, a gift from a family member, or provided through a Down Payment Assistance program
  • Max 3% Seller Contribution allowed and can be used towards closing costs or prepaid items.
  • 1-month reserve required for principal, interest, taxes, and insurance (PITI)

We can get you into this program AND get you the Tax Credit. You Need To Be Under Contract By April 30th for the Tax Credit!

Give us a call and get started: 303-817-0209

November Market Stats and Homebuyer Tax Credit Information

by Brian Petrelli 19. November 2009 14:33

Latest Market Stats and Info on the new Homebuyer Tax Credits:

Click Here.

Great Article on The Homebuyer Tax Credits and their Impact

by Brian Petrelli 15. November 2009 17:14

From WSJ.com:

Buying a Home in Time to Get Credit

 House hunting usually slows down this time of year, as people put their searches on hold during the holidays.

This winter could be different, however, thanks to the extension -- and expansion -- of the first-time home-buyer tax credit.

"We're going to see far more interest in the fourth quarter than we generally do because of the tax credit," says Heather Fernandez, vice president of Trulia.com, a real-estate search engine. Traffic surged on the site on Nov. 5, the day Congress approved the credit extension, she says.

The new law extends the tax credit for first-time home buyers and opens it up to some existing homeowners as well: The credit is now up to $8,000 for first-time buyers and up to $6,500 for repeat buyers.

 Read it all.

 

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