Why you Need to Act Now for the Tax Credit

Time is running out on the Extended tax credit.  A house must be under contact by April 30, 100 days from tomorrow, to qualify for the tax credit. The implementation of some of the new regulations is adding to time to get mortgage approval.  As the clock clicks down you must ensure you are working with a competent mortgage professional.

Remember the Government is literally handing out money asking you to please take this money of up to $6,500 for a move-up buyer and up to $8,000 for first time homebuyers.  Remember that this credit is on top of the credit you will realize from being a homeowner of interest and taxes paid.  To top it all off present home values are still low, rates are at a historical low.  Your ability to own a home and the affordability will likely never be better than it is right now.

Are you Ready?

• Creditworthiness (What credit is acceptable, what credit is needed to qualify for various loan programs)
• Qualifying Income
• Mortgage Loan Options
• Down Payment (With a USDA Loan it will be zero)

These are just some of the questions that are answered during an initial consultation with me.

Listen as an I.R.S. agent gives tips on the homebuyer tax credit.

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Related posts from Indiana's USDA Home Loan Expert:

1. What’s a Credit Score Got to Do With It?
2. The Benefits of a USDA Guaranteed Loan to Purchase
3. The Tax Man Cometh: As A Homeowner You Can Give A Lot Less
4. Home Buying Process for a First Time Homebuyer
5. Increase Your Credit Score in 30 Days