Homebuyers once again can avail of a new incentive. The $8,000 Federal Tax Credit, for those who purchase a primary residence before December 1, 2009, can now be used towards closing costs, buying down their interest rate or increase the minimum 3.5% downpayment for FHA loans. The up to $8,000 credit, which has no repayment clause, is also available to those who haven owned a home in the last 3 years.
You can find more from the Housing and Urban Development, by clicking on this link… http://www.hud.gov/news/release.cfm?content=pr09-072.cfm
This is definitely good news for both buyers and sellers. We expect to see positive results soon. Please email me at info@chicagoprimeproperties.com if you would like to receive additional information on how you can benefit.
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on Monday, June 1st, 2009 at 4:05 pm and is filed under Market Updates, Resources.
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