8000 tax credit as a down payment: Deadline Approaching for Tax Credit - 09/15/09 04:34 PM
The deadline is approaching for first time home buyers to take advantage of the 2009 1st Time Homebuyer's $8,000 Tax Credit.
The American Recovery and Reinvestment Act of 2009 has an incentive for first-time buyers to purchase a home. The credit is equal to 10 percent of the cost of the home, up to a maximum credit of $8,000.
The tax credit ends on December 1, 2009 and requires that the real estate closing happen by November 30, 2009.
With an "average" loan approval time frame of 45 days, you will want to have a home under contract … (1 comments)

8000 tax credit as a down payment: Tax Credit toward purchase of FHA Home - 06/04/09 01:39 PM
From the FHA Press Release:
"Currently, borrowers applying for an FHA-insured mortgage are required to make a minimum 3.5 percent downpayment on the purchase of their home.
Current law does not permit approved lenders to monetize the tax credit to meet the required 3.5 percent minimum down payment, but, under the terms of today's announcement, lenders can now monetize the tax credit for use as additional down payment, or for other closing costs, which can help achieve a lower interest rate.
Buyers financing through state Housing Finance Agencies and certain non-profits will be able to use the tax … (0 comments)

8000 tax credit as a down payment: First-Time Homebuyer Credit - 06/02/09 11:09 AM
Wondering if you qualify for the First-Time Homebuyer Credit?
Here is a link to the IRS First-Time Homebuyer Credit Form 5405.
From the IRS Form 5405 ...
Who Can Claim the Credit:
In general, you can claim the credit if you are a first-time homebuyer.
You are considered a first-time homebuyer if:
You purchased your main home located in the United States after April 8, 2008, and before December 1, 2009.
You (and your spouse if married) did not own any other main home during the 3-year period ending on the date of purchase. … (0 comments)

8000 tax credit as a down payment: First-Time Homebuyer Tax Credit Loan Programs - 05/22/09 03:57 PM
The National Council of State Housing Agencies has additional information on HFA First-Time Homebuyer Tax Credit Loan Programs.
From the website: "The American Recovery and Reinvestment Act of 2009 provided a federal income tax credit for first-time homebuyers of ten percent of the sales price, up to a maximum of $8,000, for the purchase of a new or existing home. The tax credit is available to qualified homebuyers who purchase a home before December 1, 2009.
To help buyers that need down payment and closing cost assistance when purchasing a home with the tax credit, a number of HFAs … (0 comments)

 
Jim Starwalt, Real Estate Agent - Grayslake (RE/MAX Center) Rainmaker large

Jim Starwalt

Real Estate Agent - Grayslake

Grayslake, IL

More about me…

RE/MAX Center

Address: 100 N Atkinson Road, Suite 106, Grayslake, Il, 60030

Office: (847) 548-2625

Email Me

Contact Me
Interested in selling your home? Contact me to get a professional estimate.
Profile picture for jimstarwalt
Jim Starwalt
Call: (224) 627-7581
My Grayslake Real Estate Listings on Zillow


Real estate services, comments and advice for home buyers and sellers in the Northern Illinois area including Lake County and McHenry County.







Jim Starwalt





Follow Me on Pinterest



Listings
Ar   front 1
$549,900
4 br, 4 ba, 5,964 sqft
Shows like a model, come see this gorgeous custom brick ranch home. With the ...
Ar   front
$299,900
4 br, 2½ ba, 3,632 sqft
Come see this stunning home with 3632 sq ft of living space. Gorgeous landsca...
Ar   front 1
$215,000
3 br, 2½ ba, 1,628 sqft
Relax on the deck and enjoy peaceful water views. This beautiful home offers ...
Ar   front 1
$235,000
3 br, 2 ba, 1,232 sqft
Are you ready for a beautiful brand new home! Experience the dream of choosin...
Ar   front 2
$675,000
5 br, 4½ ba, 4,095 sqft
Peace and serenity surround you in this gorgeous custom home on a private woo...
Ar   front 1
$449,000
4 br, 3½ ba, 3,508 sqft
This gorgeous custom home is a must see! Beautiful setting on 2.33 acres with...
Ar   front 1
$365,000
4 br, 4 ba, 2,700 sqft
Newport Cove, newest homes on the Chain O'Lakes! You'll love this gorgeous dr...
Ar   743 jade new front
$163,646
2 br, 2½ ba, 1,380 sqft
Gorgeous Krofton model townhouse for sale, loaded with options! Beautifully ...
Ar   745 jade new front
$184,912
2 br, 2½ ba, 1,585 sqft
Elegant and stylish model townhouse for sale, loaded with options! Open spaci...
Ar   new front 1
$264,910
4 br, 2½ ba, 2,612 sqft
Experience the best of both worlds: a gorgeous brand new home near historic d...
Ar   front 1
$250,000
3 br, 2 ba, 2,168 sqft
This custom ranch home features a beautifully landscaped yard. Relax on the p...
Ar front
$259,900
3 br, 2 ba, 2,436 sqft
Enjoy the ease of one level living in this brand new ranch style home! Ready ...
Ar   front 1
$219,000
3 br, 2½ ba, 2,120 sqft
Looking for a move in ready home? This home has been beautifully updated and ...
Ar   front 1
$239,900
4 br, 2½ ba, 2,344 sqft
Everything is new! This updated home offers a private yard with beautiful woo...
747 jade new front
$174,688
2 br, 2 ba, 1,470 sqft
Stunning model townhouse for sale, loaded with options! Gorgeous home, a must...
Ar   front 1
$275,000
4 br, 2½ ba, 3,742 sqft
Amazing price for this beautiful home! Shows like a model! Pristine condition...
Ar   509 crestwood front
$189,000
3 br, 2 ba, 1,836 sqft
Worth seeing! This lovely home offers a bright open floor plan. You'll love t...
Ar   front 1
$225,000
3 br, 2½ ba, 1,700 sqft
Dynamite updates! Over $50,000 spent on remodeling and landscaping! This home...
Ar   front 1
$389,900
3 br, 2½ ba, 2,400 sqft
Enjoy amazing wooded views, this custom ranch home sits on a hilltop overlook...
Ar   front 1
$1,800
3 br, 2½ ba, 2,280 sqft
Ready for move in! Beautiful home for rent in Madrona Village with Grayslake ...

Links

Archives

RSS 2.0 Feed for this blog