Another New Homeowner - 1st Time Homebuyer

It's always exciting to help someone find their first home - a place they can call their own. Congratulations to Mavis, a first time homebuyer, on her new home. This family will be moving in over the weekend and look forward to showing off their new home.

The new home is located in Lawrenceville off I-85 and Old Peachtree Rd. It's a wonderful 3 bedroom townhouse with a fireside Great Room and eat-in Kitchen. A large storage closet off the Great Room will be the perfect place for toy storage and cozy place to play. Upstairs the bedrooms are nice-sized with lots of windows.

This homeowner qualifies for the $8000 Tax Credit as a first time homebuyer and chose a 30 year fixed rate FHA loan at 5% interest with 3.5% down payment. All it took was approximately $4000 for the down payment to get into this wonderful home.

This transaction is an example of the impact of the $8000 Tax Credit working to help the housing industry. When Mavis purchased this home, the Seller was able to move to their second home at a higher price range - that ripple effect is good for everyone.

If you are thinking about purchasing a home remember there are sellers wanting to sell and very reasonable interest rates. Check out homes for sale to see if you can find something that interests you.