Even though the Government Tax Credit program is now over (unless you have been overseas military, then you still have one year to utilise), there are still programs available to help you buy a home if you are a first time buyer or even an existing buyer, subject to some limitations.
On June 1st, the Texas Department of Housing & Community Affairs (TDHCA) implemented a new bond program to assist buyers with their down payment when purchasing a home. “Bond 77" is the largest allotment of it's kind in Texas and may be as much as $500 Million in funds. This program was released just in time to fill the void left behind by the home buyer tax credit which expired on April 30th.
Bond 77 has liberal income limits, is available to existing home buyers & first time homebuyers! This is an affordable alternative for down payment funds.
Contact us for more information on this program and how you can buy a home in the Austin and Highland Lakes areas of Central Texas with downpayment assistance funds!
Showing posts with label Austin down payment assistance. Show all posts
Showing posts with label Austin down payment assistance. Show all posts
Wednesday, June 16, 2010
Sunday, May 24, 2009
$8,000 Tax Credit Soon Can be Used as Downpayment!
Homebuyer Tax Credit Loans may be available soon to use as a down payment on a home.
The Federal Government is working on a plan that will allow eligible borrowers to use the first-time homebuyer tax credit as a downpayment.
The proposal is that State agencies and other HUD-approved lenders would be able to provide short-term loans to qualified buyers as a "bridge loan" to use as the down payment for a first-time home. This loan would then be repaid over time by the borrower.
Parameters for the loans and their repayment are under discussion now and details are expected to be reported soon.
This will be a wonderful opportunity for First Time Buyers to be able to step up their ability and timing to buy to make use of the $8,000 Tax Credit before it expires in December, 2009.
Stay in touch for more information and once it is available, don't hesitate, but get with your Lender and Realtor right away to make it happen - it is a limited time offer!
Sue Ellett, Paragon Property Group - Coldwell Banker United, Realtors 512-422-7182
The Federal Government is working on a plan that will allow eligible borrowers to use the first-time homebuyer tax credit as a downpayment.
The proposal is that State agencies and other HUD-approved lenders would be able to provide short-term loans to qualified buyers as a "bridge loan" to use as the down payment for a first-time home. This loan would then be repaid over time by the borrower.
Parameters for the loans and their repayment are under discussion now and details are expected to be reported soon.
This will be a wonderful opportunity for First Time Buyers to be able to step up their ability and timing to buy to make use of the $8,000 Tax Credit before it expires in December, 2009.
Stay in touch for more information and once it is available, don't hesitate, but get with your Lender and Realtor right away to make it happen - it is a limited time offer!
Sue Ellett, Paragon Property Group - Coldwell Banker United, Realtors 512-422-7182
Subscribe to:
Posts (Atom)
Posts
