Listed below you will find a good description in layman's terms for the new "First Time Home Buyer Tax Credit" home Mortgage offered by FHA. This information was provided by my Lender of Choice, listed below. In the event you are considering new financing, Re-financing or interested in any type of Mortgage Financing, call Marilyn, she will help you in any way she can.........please mention, I sent you! Thank you, Lee Moore Sr.

 

Good Morning!
 
Here are a few bullet points for the First Time Home Buyer Tax Credit.  With rates at a low level, it's a great time to call those first-time buyers who have been on the fence. 
 
    *  The tax credit is for first-time home buyers only.  For the tax credit program, the IRS defines a first-time home-buyer as someone who has not owned a principal residence during the 3-        year period prior to the purchase.
 
    *  The tax credit does NOT have to be repaid.
 
    *  The tax credit is equal to 10% of the home's purchase price up to a maximum of $8,000.
 
    *  The credit is available for homes purchased on or after January 1, 2009 and before December 1, 2009.
 
    *  Single taxpayers with incomes up to $75,000 and married couples with incomes up to $150,000 qualify for the full tax credit.
 
If you or your buyers would like more information, please give me a call or call your CPA to see how you can benefit in this bright spot of our market.
 
Make it a GREAT week!
 
Marilyn Kuhnert
Senior Loan Officer
HomeRun Financial
Direct:  623-486-9090
marilynkk@cox.net
 
"Experience Counts!"