Categories for First Time Home Buyer

Avoid McMansions – The Trend To Smaller Homes Is Permanent

October 21, 2010 by Leave a comment

The trend to smaller homes is here to stay, and McMansions will be out of style. That’s the prediction from the National Association of Home Builders outlined in a study released today. Tighter mortgage lending requirements is one factor driving home sizes down, the NAHB points out. Find mortgage products. Homeowners want to keep energy... View Article

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HUD Will Not Raise Minimum FICO for FHA Borrowers

March 15, 2010 by Leave a comment

Recently, HUD (U.S. Department of Housing and Urban Development) assistant secretary and commissioner of the Federal Housing Administration (FHA) David Stevens announced that the agency will not be raising the minimum FHA borrowing score. Stevens stated that while the agency has been facing ongoing pressure to raise the minimum FICO score for FHA borrowers from... View Article

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First-Time Home buyer and Move Up Home buyer Tax Credits: Questions and Answers

November 11, 2009 by Leave a comment

By now, first-time homebuyers interested in purchasing a home are aware of the extension of the $8,000 first-time home buyer tax credit to June 30, 2010. However, existing homeowners may not be aware of the new legislation implementing a new $6,500 tax credit for “move up” home buyers. What is a “move up” home buyer?... View Article

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Federal Tax Credit Extended

November 5, 2009 by 1 Comment

As a part of the Obama administration’s economic stimulus package, first-time homebuyers have been taking advantage of tax credits up to $8,000 since January. With the expiration of the initial tax credit looming on November 30, Congress just enhanced the tax incentive for a new group of homebuyers. The Senate voted unanimously (98-0) yesterday to... View Article

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First-Time Home Buyers Tax Credit & Home Improvements

September 1, 2009 by 4 Comments

 – First-Time Home Buyers Tax Credit        I am sure you have heard all about the federal government’s 8 thousand dollar tax credit eligible for first time home buyers.  If you would qualify as a first time home buyer and have not found your home yet or have / have not decided if... View Article

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