Do You Need Help!
Several home ownership programs allow Qualified Buyers
to buy a home with Little Or No Downpayment.
You may have owned a home before and are presently renting or
maybe you are a first time home buyer and need a way to break
into the housing market but held back because you thought you
required a $10,000, $20,000 or even more for a downpayment. Well
regardless of your present situation, if you want to get into,
or re-enter the housing market without having to make a cash downpayment,
then these programs may be just what you're looking for.
First Time Buyer Programs:
Community Homebuyers Corporation:
South Bend program, contact
me for program details and eligibility.
Indiana Housing Finance Authority:
Indiana State program, contact
me for complete Qualification and Lender Participation details.
First Time Buyer Tax Credit:
Federal program up to $8,000, now only available to Military
personell through April 30, 2011. For the purpose of this tax
credit, a first-time homebuyer is defined as someone who has
not owned a primary residence in the three-year period ending
on the date of purchasing the home. Married couples are considered
first-time buyers if neither spouse has owned a residence in
the previous three years.
Long Term Resident Home Buyer:
Federal program up to $6,500, now only available to Military
personell through April 30, 2011. People who already own a home
can qualify for the tax credit if they buy another home. To
qualify, individuals needs to have owned and lived in their
residence for at least five consecutive years in the eight-year
period that ends on the purchase date of the new property.
Why pay your landlord's mortgage when you can be building
your own equity!
Got questions? Contact Timothy
Vicsik at Home Gallery Realtors.
More Informaion available at www.South-Bend-Mortgage.com.
For help understanding Different
Types of Loans Click here.