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)

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)

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)

tax credit as a down payment: Great News for First-Time Home Buyers! - 05/16/09 11:34 AM
HUD recently announced that qualified First-Time Home Buyers who want to take advantage of the available tax credit of up to $8,000 now have another option available to them to help them become homeowners.
HUD's announcement now allows for prospective and qualified home buyers to borrow the money from approved agencies and lenders.
With home affordability higher than ever, available tax credits and some of the lowest interest rates ever recorded for home loans, as a first-time buyer there may never be a better time to buy a home than right now.
Jim Starwalt
Thinking of making a move? … (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

4 br, 3½ ba, 2,625 sqft
Looking for more privacy and space? Enjoy nature and a country paradise here....
Front 1 ar
4 br, 2½ ba, 2,508 sqft
This gorgeous home shows beautifully! You'll love the open floor plan and spa...
Front 1   ar
2 br, 2 ba, 1,389 sqft
Come see for yourself! This luxury condo is a home you'll be proud to own! Th...
Ar   front 1
3 br, 2 ba, 2,640 sqft
Waterfront with a boat house! Come see this spacious home with beautiful wate...
Front 1   ar
3 br, 2½ ba, 1,620 sqft
You'll love everything about this gorgeous townhouse! Beautifully decorated a...
Ar   front 1
2 br, 2½ ba, 1,448 sqft
This attractive townhouse is ready for move in. Enjoy the new hardwood floors...
Ar   front 1
4 br, 3 ba, 2,732 sqft
Looking for more space? You'll love the spacious floor plan that this beautif...
Ar   front 1
4 br, 2½ ba, 2,868 sqft
Perfect family home in Grayslake, located down the street from a park and exp...
Ar   front 1
6 br, 4½ ba, 4,000 sqft
Newly renovated home with a second floor in law arrangement. Antique molding ...
Ar   front 1
4 br, 2½ ba, 2,720 sqft
This beautiful home offers a bright open floor plan with spacious rooms and v...
Ar   front 1
4 br, 2½ ba, 2,173 sqft
You'll love this beautiful home and private yard. This outstanding cul de sac...
Ar   front 1
3 br, 2 ba, 1,163 sqft
Spacious home with premium cul de sac location next to park and school. From ...
21780 washington   spring front   ar
4 br, 3½ ba, 3,716 sqft
Enjoy the good life living on the lake! Breathtaking water views with lots of...
Ar   front a
4 br, 4 ba, 5,964 sqft
Luxurious setting, come see this custom brick ranch home on five acres, beaut...
Ar   front 1
5 br, 3½ ba, 3,738 sqft
Come see this home, your search is over! This beautiful home is 3738 sq ft an...
 ar front 1
3 br, 2½ ba, 1,724 sqft
Come see this beautiful home today. One look and you'll be sold! Move in read...
Ar   front 1
3 br, 2½ ba, 2,351 sqft
Easily entertain family and friends with this open spacious floor plan. You'l...
Ar   front 1
4 br, 2½ ba, 2,160 sqft
Experience your own country paradise here! Large wooded yard is over a half a...
Ar   front
4 br, 2½ ba, 3,139 sqft
Come see this beautifully upgraded home with a spacious open floor plan. The ...
Ar   front 1
4 br, 3½ ba, 1,886 sqft
This beautiful home offers the amenities of access to the Chain O'Lakes with ...



RSS 2.0 Feed for this blog