Archives by Tag 'first time home buyer'
First time home home buyers may not be able to buy bank owned foreclosures
Bank owned foreclosures are attractive to both the investor and the first time home buyer. However the first time home buyer may not be able to obtain financing for all of the bank owned foreclosures on the market. Condition is the key. If a home does not meet certain property standards, first time home buyers [...]
Florida opens the door for home buyers to receive tax credit in advance
Florida has opened the door for first time home buyers to receive the federal tax credit of up to $8,000 as down payment in advance of the real estate closing. The Florida legislature has set aside over 30 million to be used by the county housing administrators in hopes of increasing the number of buyers who will buy [...]
First time home buyers in California may get help making mortgage payment if they lose their job.
First time home buyers in California may get help making mortgage payment if they lose their job. The California Association of Realtors® is offering a mortgage payment plan to qualified buyers that will pay their monthly mortgage up to $1,500 for 6 months if they lose their job after buying a home. Visit the CAR [...]
First time home buyer tax credit information video
The following first time home buyer tax credit information video was produced by the National Association of Home Builders.
Do I qualify as a first time home buyer?
Q: I understand their is a tax credit available to first time home buyers. What is considered a first time home buyer? For purposes of the $8,000 tax credit a first time home buyer may not have owned a principal residence in 3 years previous to purchase.
New tax credit set to roll out
Reports are that the first time home buyer tax credit will be raised to $8,000 per qualified household with no repayment requirements. More information to follow.