Minnesota mortgage and home loan info for first time buyers, MN down payment assistance and more
In case you live in a cave and didn’t hear, the Government extended the tax credit for first time buyers to the end of April 2010. It also expanded the program to include up to $6,500 in tax credits for buyers looking to move up or down. The biggest rule to follow if you are [...]
Tonight Calculated Risk is reporting the details of what the final negotiations have pulled together. Citing a report on Bloomberg Calculated Risk is reporting the following details in this new version of the tax credit:
Income eligibility for first-time home buyers stays at $75,000 for individuals and $150,000 for couples.
For move-up buyers, income eligibility is $125,000 for [...]
Behind the scenes the pieces have been moving into place for a Congressional showdown about extending or amending the current $8,000 first time home buyer tax credit. Right now the options being proposed are the same as they have been for weeks:
Extend the current credit longer–until June or July seems to be the standard time [...]
Triple Whammy: a more hip way of describing the over used phrase “The Perfect Storm.” (Unfortunately these three storms can all be seen off the coast already. )
Today Bloomberg had an article about three issues that are all going to come up at about the same time. All three have been mentioned here at one time [...]
Note: Several readers have asked that I write a summary of the $8,000 first time buyer tax credit. They pointed out that because I wrote so much on it as it was being rolled out, there are a number of blog posts and it gets confusing. Good point. So, here’s a breakdown you can use [...]
I’ve been getting this question a lot, so I wanted to get you some quick news on it, even though it’s not really news yet.
Last week HUD, which oversees the FHA loan program, announced that they will allow buyers to use the money they would receive from the first time buyers tax credit as down [...]
