From the category archives:

Buy Home Tax Credit

First Time Home buyers in Pennsylvania who plan to use the Keystone Home Loan and the Keystone Home Loan Plus Programs for a home purchase may now qualify for the PHFA Tax Credit Advance Loan Program. The PA Tax Credit Loan Program is designed to let PA First Time Buyers to take advantage of [...]

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First time home buyers in Virgina can use the Home Buyer Tax Credit Plus Program to buy their first home and get advance money for $8000 tax credit from IRS

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$15000 Home Buyers Tax Credit bill introduced by Senator John Isakson calls for more home buyers to stimulate the housing market. Homebuyer Tax Credit Act of 2009 summarized.

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HUD and FHA have posted new guidelines to the much anticipated policy regarding how approved lenders and approved non-profit entities can give home purchase tax credit short term bridge loans to allow first time home buyers to take advantage of their home purchase tax credit authorized by the Obama Stimulus Plan.
More importantly, FHA has issued [...]

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IRS Tax Credit Filing Options For First Time Home Buyers To Claim $8000 Home Purchase Tax Credit explained.

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FHA – HUD still plan to allow FHA approved lenders to offer short term tax credit bridge loans to first time home buyers who want to use their home buyer tax credit in advance of getting it in their 2010 tax return.

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Is FHA – HUD going to offer the Housing Tax Credit Short Term Bridge Loan as announced by HUD Secretary Shaun Donovan at the NAR Real Estate Summit on 5/12/2009? Controversy over how loan is collateralized – make the home collateral or the tax credit.

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To qualify for the $8000 home purchase tax credit you will need to be first time home buyer who qualifies for at least an FHA home loan program with a minimum credit score of 620.

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HUD – FHA to implement a short term bridge loan to allow first time home buyers to take early advantage of the $8000 housing tax credit. First time buyers who qualify for a FHA mortgage and use an FHA home loan to purchase their first home will be eligible for the short term bridge loan.

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