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The Home Buyer Tax Credit has gone away for new purchases, but Uncle Sam has extended the credit to those buyers who had a contract in place on or before April 30, 2010. If you didn't get a chance to take advantage of the home buyer tax credit all is not lost. You can always buy a home at any time, but some times are better than others... and that would be true right now.
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Easy & Secure Financing for Home Buyers | ||||
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NOW is The Time The Home Buyer Tax Credit has gone away for new purchases, but Uncle Sam has extended the credit to those buyers who had a contract in place on or before April 30, 2010. If you didn't get a chance to take advantage of the home buyer tax credit all is not lost. You can always buy a home at any time, but some times are better than others... and that would be true right now. |
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The secret to getting the best deal on a home is to buy when the property prices and the interest rates are at their lowest. That is NOW... those 2 factors don't usually come together very often. Money to Lend Available With all the hoopla about tight credit markets, banks are still lending money to home buyers with good credit and job stability. Many homeowners are turning to FHA for financing which is a government sponsored loan available to all homeowners for their primary residence. VA financing likewise is available to veterans seeking home mortgages and is a great option as there is NO down payment required with VA financing. FHA financing requires a 3.5% down payment from borrowers. However, CHFA (Colorado Housing Finance Authority) allows home buyers to get 100% financing – so NO money down, on homes for non-veterans too. It’s a special program for Colorado only. Couple this loan with the $8000 tax credit and you’ve got a very nice windfall that’s rare. And yes, the conventional loans are available with 5% down . . . it’s good to do your shopping though. Peace of Mind – Mortgage Protection for Home Buyers Do you want to buy a home but are concerned about the economy? Now is the best time to buy a home with home prices at their lowest and interest rates at historic lows. We can now put your mind at ease. The Rainy Day Foundation offers a mortgage protection plan for home buyers in the event they lose their job. The plan covers up to $1800/month for the mortgage loss up to a 2 year period. There is a 60 day waiting period from the date of closing before the plan will pay out. Investors can obtain this coverage for rental property as well. The plan must be paid by the seller of a property and is available only through certified Realtors offering it. Fill out the form below to learn more about the:
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