Fantastic news from the Feds today, Vermont condo real estate First Time Home Buyers are now eligible to take advantage of the $8000 first time home buyer credit at time of closing. This means there is no need to wait for a refund from the Internal Revenue Service, (IRS) to take advantage of this limited time offer. First Time Condo Real estate home purchases just got a whole lot easier. FHA loan customers can ‘monetize’ the $8,000 tax credit at the time of closing on their home by using this $8,000 as a down payment on their home purchase. Here in Vermont we expect a huge uptick in first time home buyer activity. HUD made this sweeping announcement at the National Association of Realtor Mid year conference in Washington DC.
By the way to qualify as a first time home buyer it means you can’t have owned a home within the past three years. Are you ready to buy your Vermont condo real estate now? It doesn’t get much better than this.
| posted by Bill DesautelsP: (802) 655-9100 (800) 639-4520 x217 F: (802) 655-0400 E: condoguy@condoguy.comThe Condo Guy – Vermont condo real estateThe Condo Guy has been providing advice to buyers and sellers of Vermont condos real estate for nearly 30 years.
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Filed under: Federal News & Programs | Tagged: $8000, 8000 tax credit, bill desautels, buyers, condo guy, downpayment, feds, FHA, first time buyer, homebuyers, HUD, mortgage, tax credit, Vermont condo real estate, vermont condos, vermont real estate
