7500 Tax Credit For Down Payment All Locations : Nationwide Real Estate Advice

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Showing results for 7500 Tax Credit For Down Payment [Clear search]
Pete Spadaro, Real Estate Pro in Williamsburg, VA
Pete Spadaro answered:
What will the real estate landscape look like AFTER the $8,000 tax credit expires?
In this "overpriced" market there are many great deals to be made right now. As a buyer you say you see no urgency to buy. I do agree that the pot has gotten sweeter to try to stir thi ... more
0 votes Share Flag Mon May 3, 2010 Market Conditions in Yorktown
Jim Ryan,  in Fairless Hills, PA
Jim Ryan answered:
House Appraised for less than I offered. What should I do?
Sounds like the seller didn't want to take less than 160 in any scenario. It's tough to give advice on this. It really depends on whether you really want the house and whether you can a ... more
0 votes Share Flag Tue May 19, 2009 Home Buying in Philadelphia
Denise Dauph…,  in Danville, CA
Denise Dauphinais answered:
Yes, according to the new FHA rules. You still need to income and credit qualify and get loan approval before you get the $8000.00 credit. But please contact a lender who does FHA loa ... more
0 votes Share Flag Fri May 29, 2009 Home Buying in Los Angeles County
Lisa Fleisher, Other/Just Looking in Trenton, NJ
Lisa Fleisher answered:
Will the government give me the $8000 before I buy a house?
There are some ways to get the $8,000 in advance, from various state and local programs, and through some lenders, usually if you use it for closing costs or for a down payment. NJ give ... more
0 votes Share Flag Tue May 19, 2009 Home Buying in 07604
Jim Conlin, Real Estate Pro in Downingtown, PA
Jim Conlin answered:
So the 8k first time homebuyer credit is meant to keep the market moving and help stimulate the economy. ...
Anything is possible, and everything is speculative, but the $8,000 is certainly helping more people make the decision to get out and buy a house. Tis incentive, coupled with great int ... more
0 votes Share Flag Thu Mar 8, 2012 Market Conditions in 19460
Rachel Anker…, Real Estate Pro in Christiansburg, VA
Rachel Anker Johnson answered:
Hi, I'm hoping you can explain about the tax credit. Is it true that I can get $8K in cash if I buy now? ...
Hello Cashseeker, thanks for your question. You are not alone if you are confused about the tax credit - there is a lot of misinformation floating around. Hopefully, I can help you un ... more
0 votes Share Flag Sat May 2, 2009 Home Buying in 24073
Dallas Texas, Real Estate Pro in Dallas, TN
Dallas Texas answered:
I need some help for a real estate / mortgage pro. I am a first time buyer and single with 2 kiddos th ...
I am a realtor and loan officer "one stop shopping for all your real estate needs" I this area fairly new construction and foreclosures with equity.

However all is based on what yo ... more
0 votes Share Flag Wed Aug 8, 2012 Home Buying in Prosper
Debra Marko, Real Estate Pro in Potomac, MD
Debra Marko answered:
When is a good time to start our search?

I think the important thing to consider is being able to capture the 8000 tax credit. If you wait till you are married and using the gift money you may not be able to close ... more
0 votes Share Flag Mon Mar 30, 2009 Home Buying in 10710
Shelley Sears, Real Estate Pro in Woodstock, GA
Shelley Sears answered:
How do I qualify for FHA? We have ok credit and are 1st time homebuyers. What are the standards for FHA? ...
Yes, first time buyer is good, credit score has to be about 580, and you will need 3.5% downpayment to buy FHA...plus some extra in savings, but you can get a gift for your down payment ... more
0 votes Share Flag Mon Sep 7, 2009 Home Buying in Metairie
Terrence Cha…, Home Owner in Allentown, PA
Terrence Charest answered:
Can the $8000 tax credit be used for a buyer's down payment?
No, the tax credit is just that. A credit given when you file your taxes in 2010 for 2009.

Terrence Charest, e-Pro
0 votes Share Flag Wed May 27, 2009 Financing in Bethlehem
Tony Grech, Real Estate Pro in Southfield, MI
Tony Grech answered:
Shoud I sell my house? I just bought it (REO properties) on 11/08 for 385K and spent 10K to fixed
Hi Thanhduy,

That is a tricky question. $60,000 is a big hit to take, but iI'm inclined to say that if that's the price you pay for happiness then it may be worth it. At least you' ... more
0 votes Share Flag Wed Feb 16, 2011 Home Selling in 92683
Dave Woodson, Real Estate Pro in Valparaiso, IN
Dave Woodson answered:
my monthly income is $2700 and i am wanting to buy a first time home, if so what kind of price range should i
Well, I would need to know what your other expenses were? Do you have school debt, credit cards, installment loans, etc etc?

Look at it this way... $100,00 loan @ 5.5% your PI wou ... more
0 votes Share Flag Wed Feb 25, 2009 Home Buying in 47591
Terrence Cha…, Home Owner in Allentown, PA
Terrence Charest answered:
tax credit?
The tax credit is just that, a credit for what is owed on your taxes which is up to $8000 when you file for your 2009 income taxes. You must not have owned in home in the three years pr ... more
0 votes Share Flag Thu Nov 5, 2009 Home Buying in 19114
Maureen Fran…, Real Estate Pro in Birmingham, MI
Maureen Francis & Dmitry Koublitsky answered:
How can I find out if a sinlge person qualifies for the $8000 tax credit.. can I use that money for downp ...

No, you cannot use the money for down payment. It is a credit you will get when you file your income taxes next year.

I wrote a post about it yesterday. At the bottom of t ... more
0 votes Share Flag Thu Jan 28, 2010 Home Buying in Tampa
Mahesh Patel, Real Estate Pro in Anaheim Hills, CA
Mahesh Patel answered:
I want to buy a house but have a low FICO score. Help!
Hi Jesse: You can't buy a house if you don' t try, specially in this market.

I would recommend you talk to a lender, who can steer you in the right direction. They will tell you if y ... more
0 votes Share Flag Tue Feb 17, 2009 Home Buying in Henderson
Geovanni Roma,  in Orlando, FL
Geovanni Roma answered:
I am planning to buy a house.

According to the tax credit that is yet to be approved by the House and president, the credit applies to any house that you will be occupying as a primary residence and the amo ... more
0 votes Share Flag Mon Feb 16, 2009 Home Buying in Orlando
Kary Krismer, Real Estate Pro in Renton, WA
Kary Krismer answered:
How's the market in Kirkland (Rose Hill), WA?
Laura, no one can tell you what the market will do more than about 2 months in the future, so don't listen to those who claim they can.

I would question though what other asset you t ... more
0 votes Share Flag Mon Oct 26, 2009 Market Conditions in 98033
Tony Grech, Real Estate Pro in Southfield, MI
Tony Grech answered:
I need advise on a sticky situation, do I own a home or not?
Don't believe what you "heard". Speak with a reputable lender with local ties to get the full scoop. Lending guidelines have changed so much the last year or two that your neigbor ... more
0 votes Share Flag Wed Feb 11, 2009 Financing in Elk Grove
The Medford…, Real Estate Pro in Fremont, CA
The Medford Team answered:
Senate OKs $15000 Bonus for Home Buyers...

Tough times call for courageous measures. In just such an action, and with a resounding chorus of “Ayes,” the U.S. Senate voted on an amendment of the American Rec ... more
0 votes Share Flag Fri Feb 13, 2009 Home Buying in 94536
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