The State of Georgia is now offering a tax credit for home buyers. So, on top of the $8000 tax credit for first time home buyers from the Federal Government, now buyers around metro Atlanta, and the state of Georgia, will receive up to ...
Monthly Archives: May 2009
Can the $8000 Tax Credit Be Used as a Down Payment?
No. Well, Yes. Um, Not quite yet. I have had several Realtors and many borrowers ask the question, "Can I use the $8000 First Time Home Buyer Tax Credit as a down payment?" First, I did have some borrowers claim their tax credit when ...
Hope for Homeowners Not Providing Much…Hope
I wrote in this blog some time ago about the Hope for Homeowers plan, which went into effect on October 1, 2008 with billions in government funding. $320B, to be exact. As of last month, April, an amazing stat came out. Brian Sullivan of Fox News
USDA Rural Housing Loans
If you are considering buying a property in an outlying county around metro Atlanta, then be sure to check out a USDA mortgage loan, otherwise known as a Rural Housing Loan. USDA Funds Released - $10 Billion (yes, that’s billion with a B) has been allocated. According the USDA, about 25% have already been used to ...