FIRST TIME HOMEBUYERS
NEW HOUSING LAW PASSED. THE TIME TO BUY IS NOW IF YOU NEED DOWN-PAYMENT ASSISTANCE. DEADLINE – MUST HAVE LOAN APPROVAL BEFORE OCTOBER 1, 2008.
For information on down-payment assistance see: www.ameridream.org
FIRST TIME HOMEBUYERS TAX CREDIT
On July 30, 2008, President Bush signed a major housing bill (Housing and Economic Recovery Act into law. Included in this bill was a temporary tax credit for first-time homebuyers. The $7500 credit will be available for the purchase of a principal residence on or after April 8, 2008 and before July 1, 2009.
See www.realtor.org/gapubic.nsf/pages/hr_3221_key_provisions?OpenDocuments for a chart, frequently asked questions, and answers.
Some of the above information provided by North Carolina Association of Realtors.
Please feel free to contact your Charlotte/Lake Norman agent at 704-617-0873 for more information or assistance.
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