Â Â Â What First Time Homebuyers Need To Know
Â My name is Cam Barnett III and I am a Realtor with Exit Realty in Charlotte, North Carolina.Â I have had the opportunity to work with over 100 first time homebuyers throughout my 5 years as a Realtor here in Charlotte.Â Now is by far the best market I have ever seen for first time homebuyers.Â
There are several financing options available for first time homebuyers.Â Â FHA loans are readily available and only require 3.5% down.Â BB&T here in Charlotte offers the Community Homeownership Incentive Plan, better known as the CHIP loan.Â The CHIP loan offers 100% or 97% financing with NO PMI.Â
The $8,000 first time homebuyer tax credit is available to anyone who has NOT owned a home in the prior 3 years.Â This money is FREEâ€¦it never has to be repaid unless you sell your home within 3 years of purchase.Â The $8,000 can be used as down payment assistance on FHA loans, and can be used as a credit on your 2008 or 2009 tax return with any other loans.Â Remember, you must close on or before November 30, 2009 in order to receive the $8,000.Â All homes qualify for the tax credit, including New Construction.
I specialize in working with first time homebuyers and would appreciate the opportunity to speak with anyone interested in purchasing their first home.Â Please feel free to email me at firstname.lastname@example.org, or you can call me directly at 704-400-6391.