$8,000 Home Buyer Tax Credit
The bailout is coming your way. The government wants you to buy a house.
The tax credit is only available if you have not owned in the last 3 years.
The tax credit is only available if you have not owned a home for at least 3 years The amount of the credit is the lesser of $8,000 or 10% of the purchase price
Say you owe $3,000 in back taxes, you will get a $5,000 from the IRS. Not a bad reward for buying a house.
This tax credit is only good until December 2009
So if you buy a house before Dec 2009 this year, you could have $8,000 in taxes eliminated. If you owe less than $8,000 you will get the difference refunded. So if you owe $4,000 in taxes, you will eliminate the $4,000 + get a refund for $4,000! You could put this money in the bank as cash reserves or use it to assist you in furnishing your new house or making improvements.
Additionally, the stimulus plan is raising the FHA and Fannie Mae and Freddi Mac loan limits back up to $729,000 in many parts of California. This means better interest rates and lower down payments for buyers in those higher price categories.
Call Rob 858-922-7899 (direct)
Sr. Loan Officer and FHA and VA Loan Specialist
858-922-7899 (direct)
The tax credit is only available if you have not owned in the last 3 years.
The tax credit is only available if you have not owned a home for at least 3 years The amount of the credit is the lesser of $8,000 or 10% of the purchase price
Say you owe $3,000 in back taxes, you will get a $5,000 from the IRS. Not a bad reward for buying a house.
This tax credit is only good until December 2009
So if you buy a house before Dec 2009 this year, you could have $8,000 in taxes eliminated. If you owe less than $8,000 you will get the difference refunded. So if you owe $4,000 in taxes, you will eliminate the $4,000 + get a refund for $4,000! You could put this money in the bank as cash reserves or use it to assist you in furnishing your new house or making improvements.
Additionally, the stimulus plan is raising the FHA and Fannie Mae and Freddi Mac loan limits back up to $729,000 in many parts of California. This means better interest rates and lower down payments for buyers in those higher price categories.
Call Rob 858-922-7899 (direct)
Sr. Loan Officer and FHA and VA Loan Specialist
858-922-7899 (direct)
posted by Debt Consolidation Loan at
9:25 AM
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