ALTERNATIVES TO THE TAX CREDIT: Employers That Can Cause You to Get an Extra $7500

You may feel like your occupation and the hours you spend working are undervalued and unappreciated.  Well, here in Georgia, your labor is not in vain! Although the federal tax credit has expired, there actually are numerous programs throughout Georgia that will give those that work in some of the most undervalued occupations down-payment assistance for their next real estate purchase.  (For other programs besides this one, please click here.)  If you are employed with any of the following (and in some cases even if you are a volunteer), you may qualify to receive $7500 towards your home purchase through Georgia Dream’s PEN (Protectors, Educators, Nurses) program:

ALTERNATIVES TO THE TAX CREDIT: How to Get Rewarded Up to an Extra $7500 on Your GA Home Purchase

The Georgia Department of Community Affairs (DCA) has yet another new down payment assistance option to its Georgia Dream Home-ownership Program. The Georgia Dream “Plus” option (or the Rewards Program) offers down payment and closing cost assistance for first time home buyers with incomes up to 100% of their Area Median Incomes (AMI). Georgia Dream’s down payment assistance options are normally restricted to borrowers whose incomes are at or below 80% AMI. This assistance comes in the form of a second mortgage loan, with a zero percent interest rate and requires no repayment until the home is sold, refinanced, or no longer used as the principal residence of the borrower.

How To Get the Homebuyer Tax Credit Until April 2011 - That’s Right!

Members of the military and certain other federal employees serving outside the U.S. and their spouses have an extra year to buy a principal residence in the U.S. and qualify for the First-Time Home Buyer Tax Credit.

How To Get FREE MONEY After the Homebuyer Tax Credit Expires

With April 30, 2010 quickly approaching, if you are a first-time homebuyer, you maybe quickly trying to find a home that will allow you to get the federal tax credit of up to $8,000.  If so, you maybe able to stop stressing over the April 30th deadline.  Why?  Effective April 19, 2010, the Federal Home Loan Bank (FHLB) is offering up to $7,500 to first-time homebuyers.  This is a 5-to-1 matching program so for every dollar you use towards the purchase of a new home, the FHLB will match qualified buyers 5 times that investment, up to $7500. 

Help for REAL ESTATE INVESTORS Looking to Flip Homes

Federal Housing Administration is changing what is known as the “anti-flipping rule” to speed up sales of renovated homes in communities with too many bank-owned and foreclosed homes, says FHA Commissioner David H. Stevens.  Beginning Feb. 1, 2010, the Federal Housing Administration will provide mortgage insurance for some purchases in which the seller bought the property and held it for fewer than 90 days.  This is great news for investors that want to rehab a home and sell it to a buyer that wants to receive the Homebuyer Tax Credit before it expires on April 30, 2010 (view this link, http://www.marealtor.com/content/Homebuyer_Tax_Credit.htm, for more details on the tax credit).

‘Tis The Season To Give… A Home!

Parents who are looking for a gift to give their kids this holiday season should consider a house.  With prices in the cellar, this could be a terrific year to give a down payment or even the whole home.

Free Money for the Holidays and New Year

Although Santa Claus won’t be sliding down your chimney (sorry if you didn’t know!), Uncle Sam has a great gift for you this holiday season!  Whether you currently own a home or have never owned a home, if you are thinking about a real estate purchase, you just may qualify for the new and improved tax credit.  The complexity of the home buyer tax credits leaves potential buyers with many questions but here are answers to some of the most confusing to help make this a jolly, holly season for you:

DON’T MISS FREE MONEY - Tax Credit Extended for First-Time Home Buyers & Offered To Non-First-Time Home Buyers

Hooray - The House and the Senate this week passed legislation to extend the $8,000 home buyer tax credit to May 1, 2010, for first-time buyers and add a $6,500 tax credit for repeat buyers if they’ve lived in their home for five of the past eight years. Home prices are capped at $800,000.

STAY-TUNED - Homebuyer Credit Gets New Life

Key lawmakers in the Senate have tentatively agreed to extend the existing $8,000 tax credit for first-time home buyers and also offer a new $6,500 credit for existing homeowners who have lived in their current residence for a consecutive five-year period in the past eight years.

You Can Still Beat the Home Buyer Tax Credit Deadline!

Yes time is ticking but it is not too late if you are a  determined first-time home buyer to take advantage of the $8,000 federal tax credit, which expires Nov. 30.

To identify those properties that can close by the Nov. 30th deadline for the home buyer tax credit prior to sending a lot of time viewing them, ask these important questions that aren’t likely addressed in the listing. These can include:

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