FortBendBuyersAgent.com » Mortgage

Zero Percent Interest Financing

Jeff Dodson — Tue, 16 Aug 2011 01:10:27 +0000

Yes, you did read that correctly. There is a new state program for first time home buyers and veterans that can provide a no-interest $10,000 loan for gap financing, closing costs, or down payment help.

First-time Homebuyer Tax Credit Expires Soon!

Jeff Dodson — Mon, 21 Sep 2009 17:53:06 +0000

The good news is that first time homebuyers can get up to $8,000 in tax credits with the purchase of a home. The bad news is this program, as it is stated today, will expire soon. These are some key highlights of the program:

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$8000 First Time Home Buyer Tax Credit

Jeff Dodson — Sun, 14 Jun 2009 00:59:53 +0000

As part of its plan to stimulate the U.S. housing market and address the economic challenges facing our nation, Congress has passed legislation that grants a tax credit of up to $8,000 to first-time home buyers.

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Buyer Tax Credit Expanding?

Jeff Dodson — Sun, 14 Jun 2009 00:42:51 +0000

Legislation introduced in Congress Wednesday June 10th would expand the tax credit now limited to first-time homebuyers to any purchaser of a home and increase the maximum available to $15,000.

The tax credit passed earlier this year is limited to $8,000 and has income caps.

New FHA Loan Limits for 2009

Jeff Dodson — Wed, 31 Dec 2008 00:10:36 +0000

New FHA limits help usher in 2009. HUD Secretary Steve Preston has announced new loan limits on mortgage amounts insurable by the Federal Housing Administration beginning January 1, 2009. Under the 2008 Housing & Economic Recovery Act, limits are set at 115 percent of a market's median house price. They can't be lower than 65 percent or higher than 150 percent of the national conforming limit of $417,000. Preston says the limits will ensure FHA can continue to help struggling homeowners refinance and allow many first-time buyers take advantage of today's buyers market. More information can be found here.