Archive for the ‘Down Payment Assistance’ Category

The sand is running out on the $8000 first time home buyer tax credit. There are now just over 100 days remaining to take advantage of the government program designed to assist the housing market recovery while helping first time home buyers. Read More

I started in the finance industry in a finance company that soon became TransAmerica Finance and progressed to manager with the company. I then started an independent finance company in LaGrande Oregon that was owned by a savings and loan in the 80s. Those that remember the 80s know that almost all of the savings and loans were taken over a lot like the banks are being taken over today. This, in a round about way, is how I came back to the Willamette Valley and into the mortgage business in Eugene/Springfield. Read More

I know that there are still people sitting on the fence about whether or not now is the right time for them to buy a new home, but there is a bit of urgency attached to the process too. The First Time Home Buyer Tax Credit of up to $8,000 will go away on December 1, 2009 as currently authorized. Read More

The City of Springfield (OR), along with several lenders, homebuilders and the Springfield Board of Realtors is sponsoring a Homebuyers Fair tomorrow, 11-3 p.m. It will be held in the lobby of City Hall, 225 5th St and also at 20 homes that are open for viewing. I will be in attendance at 2136 15th St., Springfield, along with Laurie Adams, Fairway Real Estate. Read More

Believe it or not, a first time home buyer is not necessarily someone that has not owned a home previously. A first-time homebuyer is any person who has not owned a home in the previous three years. So even if you have owned a home in the past but have not owned a home in the last three years you qualify as a first-time homebuyer. Just so you know, this is 36 months at closing, not 35 and a half. So you could qualify for the $8,000 tax credit if you purchase a home before December 1, 2009 and haven’t owned a home in three years. Read More

The biggest problem that most first time home buyers have is coming up with the down payment. I have posted several times in the past various ways to get the down payment together, but it has still been out of the reach of some people. Now, that could change. The First Time Home Buyer Tax Credit is going to be available for the down payment on FHA loans in the near future, according the the Secretary of HUD. Read More