The Federal Home Buyer Tax Credit Enters Its Home Stretch — 29 Days Left

There's just 30 days remaining to use the federal home buyer tax credit. The credit ranges up to $8,000 for first-time homebuyers, and up to $6,500 for existing homeworkers who have lived in their main home for 5 of the last 8 years.

By |2017-08-10T02:42:04-04:00April 2nd, 2010|Homebuyer Tax Credit, Local, New Jersey, Pennsylvania, Real Estate|Comments Off on The Federal Home Buyer Tax Credit Enters Its Home Stretch — 29 Days Left

7 Weeks Remain To Find A Home, Claim Up To $8,000 In Tax Credits

In November, Congress extended and expanded the First-Time Home Buyer Tax Credit program to include a subset of "move-up" buyers -- homeowners that have owned and lived in their home for 5 of the last 8 years. The credit ranges up to $8,000 per buyer. There's now just 7 weeks left to take advantage. To be eligible, home buyers must be under contract for a new home no later than April 30, 2010, and must be closed no later than June 30, 2010.

By |2017-08-10T02:42:21-04:00March 9th, 2010|Economy, Existing Home Sales, Home Values, Homebuyer Tax Credit, Mortgage Lending|Comments Off on 7 Weeks Remain To Find A Home, Claim Up To $8,000 In Tax Credits

Spring 2010 FHA Guidelines Make Borrowing Tougher And More Expensive

In a statement issued Wednesday, the Federal Housing Authority outlined policy changes to its mortgage assistance program. The shift is meant to both reduce the government group's portfolio risk while strengthening its overall financials. For consumers, the changes mean higher costs.

By |2017-08-10T02:43:05-04:00January 26th, 2010|Economy, FHA Mortgages, Homebuyer Tax Credit, Mortgage Lending, Real Estate|Comments Off on Spring 2010 FHA Guidelines Make Borrowing Tougher And More Expensive