This is the first of many blogs I plan to write about the $8,000 tax credit that isn't being talked about nearly enough!
Did you know that if you haven't owned a home in Colorado Springs in the past 3 years, you could qualify for the tax credit? The credit is for owner-occupied homes, existing or new purchased between January 1 and November 30, 2009 (you must have closed on your home by November 30, 2009 to qualify for the tax credit).
So, if you have been on the fence about buying a home, this is the perfect time because we have historically low interest rates (below 5%)!! If you want a great referral for a lender, please give Sharon Higashi with CB&T Mortgage a call at 719-491-2500 and let her know Juanita asked you to call for a quote (CB&T Mortgage is one of the largest and most experienced lenders in Colorado Springs and they offer superior mortgage products.)
When you qualify for the FHA loan, you can have the 3-1/2% down payment covered by CHFA (colorado housing & finance authority loan) and typically all you need is $1,000 into the transaction (talk to your lender to find out if you qualify).
Give me a call at 719-229-5770 for more information. I love to work with first time home buyers!