If the extremely low prices were not enough to encourage you to buy have a look at this!
Qualified first-time home buyers using a FHA insured mortgage can now apply for $8000 tax credit toward their down payment. Before this was passed a typical FHA loan required the buyer to issue a minimum down payment of 3.5 percent however under the new guidelines announced earlier this month borrowers can now use the tax credit as additional down payment or for other closing costs!
If you are thinking of or have a friend that may be in the market for a home please call Jessica Bailey at 213-926-6471
Shooot 4 the Moon Properties, Inc.
Not just FHA loans..any loans for first time buyers (haven’t owned in the past 3 years) on a primary residence. Indeed a great time to be a buyer..