First Time Buyers or Anyone Who HAS NOT Owned a Home in the Last 3 Years - Read On......

GREAT NEWS FOR...

First Time Home Buyers
or Anyone Who Has NOT Owned a Home in the Last Three Years

There are TWO programs being offered RIGHT NOW to help you make your dream of owning a home become a reality:

1. The $7,500 Federal Housing Tax Credit; and
2. The USDA’s Rural Development Housing Program

Are you ready to move in to your very own home?
Then read on, as I explain the basics of these two programs:

$7,500 Tax Credit Program - Here is the “jist” of the $7,500 tax credit which applies to single taxpayers earning up to $75,000 and married couples earning up to $150,000 and who have NOT owned a home within the last three years:

• The tax credit is available for first-time home buyers only.
• The maximum credit amount is $7,500.
• The credit is available for homes purchased on or after April 9, 2008 and before
July 1, 2009.
• Single taxpayers with incomes up to $75,000 and married couples with incomes up to $150,000 qualify for the full tax credit.
• The tax credit works like an interest-free loan and must be repaid over a 15-year period.

Here is a link for you to review this proposal in more depth:
http://www.federalhousingtaxcredit.com/
and, if you have further questions, here is a link to their frequently asked questions page which is also very helpful:
http://www.federalhousingtaxcredit.com/faq.php

Now with regard to rural development, North Carolina is lucky to have quite a few areas that qualify for USDA Rural Development Housing Program Dollars.

Did you know that USDA is accepting applications for $45.8 million in loans and grants to support rural communities and spur economic development through the Rural Economic Development Loan and Grant program? You can look through the site, as well as search for homes that directly qualify for that program.

Here is a link to the USDA Rural Development Housing Program:
http://www.rurdev.usda.gov/

Blaise is your direct link to these two programs. Give us a call at 919-491-2885 and let him explain these programs to you in detail.

Don’t wait – you only have until July 1, 2009 to take advantage of the $7,500 tax credit.