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Answers (4)
- Better Properties, "thebetterbrokers"
- Contributions:3
castries73,
The deadline is fast approaching. If you want to know about the tax credit, there is a good Frequently Asked Questions article about it here:
Tax Credit FAQs
The Better Brokers
The deadline is fast approaching. If you want to know about the tax credit, there is a good Frequently Asked Questions article about it here:
Tax Credit FAQs
The Better Brokers
- Ron Scott, GRI, "RonScottRealtor"
- Contributions:192
4/30/10 but if you have owned your home 5 or more years the tax credit drops to $6,500.
- Delia Peterson, "Delia Peterson"
- Contributions:99
Something you may want to keep an eye out for is that HUD is considering "raising the bar" for buyers in the near future which could potentially take a lot of interested home buyers out of the picture.
As of now FHA financing requires minimum 3.5% down payment from the buyer. There is talk of the down payment potentially being raised to 5% and more closing costs paid by the buyer.
I would suggest you get the ball rolling as soon as possible so you are not missing out on a grand opportunity to purchase your first home or next home.
As of now FHA financing requires minimum 3.5% down payment from the buyer. There is talk of the down payment potentially being raised to 5% and more closing costs paid by the buyer.
I would suggest you get the ball rolling as soon as possible so you are not missing out on a grand opportunity to purchase your first home or next home.
- Michael Emery, "MikeEmery"
- Contributions:7298
You have to have a home under contract by April 30th 2010 and close by June 30th 2010. So if you sign a contract to purchase a home on May 1 2010 you are too late.
when is the deadline for the tax credit
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