| $8,000 from the IRS to buy a home |
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The bailout is coming your way. The government wants you to buy a house.
The bailout is coming your way. The government wants you to buy a house. The tax credit is only available if you have not owned in the last 3 years. The tax credit is only available if you have not owned a home for at least 3 years The amount of the credit is the lesser of $8,000 or 10% of the purchase price If you owe less than $8,000 in taxes, the difference gets refunded to you The full amount of the credit is available to singles who make $75,000 or less, or couples who make $150,000 or less(tax credit phases out above those caps) 2009 is a great year to buy if you are a veteran. Prices are low, Interest rates are at historic lows and now you get money from the IRS You could use the refund to buy nice new furniture for your new home. The stimulus plan allows for an increase in the Fannie Mae and FHA loan limits for CA, the limit is now $729,000 in many parts of CA. Give me a call if you would like to discuss using a zero down VA Loan to purchase a home. Rob Chomentowski Sr. Loan Officer and VA and FHA Loan Expert 858-922-7899 (direct) DISCLAIMER: This article is provided as information only and is not to be taken as financial advice. Don't delay get ino a new home today Get a VA or FHA home Today HERE |