Archive for the ‘$8000 tax credit’ Category

VA Guaranteed Home Loans are available to veterans with at least three months active, honorable, service or six years of Reserve or National Guard service. They are also available for active duty members under certain circumstances. Read More

Did you know that if you have 3 months active duty in the Reserves or National Guard you may be eligible for a no money down 100% financing VA loan? You don’t have to wait until you serve 6 years before you are eligible for a VA Guaranteed Loan. Read More

There has been some questions as to if you qualify for the $8,000 First Time Homebuyer Tax Credit if you are financing a home purchase with a USDA Rural Guaranteed Loan. The answer to this is: YES, as long as you qualify for the tax credit. Read More

Understanding Adjusted Household Income:

If you check out my previous post, you will see that the USDA sets maximum income limitations based on family size for qualifying for the Oregon USDA Guaranteed Rural Home Loan. However, it is possible that you may have “adjustments” to your income that will help qualify for the Oregon USDA Rural Development Home Loan. Read More

Shaun Donovan, Secretary of the U.S. Department of Housing and Urban Development, said that the Federal Housing Administration is going to permit its lenders to allow homeowners to use the $8,000 tax credit as a down payment. According to Secretary Donovan, the FHA’s approved lenders will be permitted to “monetize” the tax credit through short-term bridge loans. For the first time, eligible home buyers will be able to access the funds immediately at the closing table. Read More