by admin
March 5, 2009
Real Estate Market Update
Down Payment Assistance ProgramThe major stumbling block for many first-time homebuyers is the lack of sufficient funds for the downpayment and closing costs involved in the purchase of the home. The amount of assistance available under this program is adjusted based on the homebuyer’s income:Above 80% Area Median Income (AMI): up to 5% of the …
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by admin
March 4, 2009
Real Estate Market Update
I have had many calls and questions about the first time home buyer credit. This information was supplied by Jan Havill of Bank of America. Jan can be reached at 480.624.0392 Or janet.l.havill@bankofamerica.com
First‐time Homebuyer Tax CreditHousing and Economic Recovery Act of 2008
First Time Home Buyer CreditAmount of CreditTen percent of cost of home, not to …
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