First Time Home Buyer Incentives

2 Bedroom 1 Bath $89,900 3 Bedroom 1 bath $77,500 3 Bedroom 1 bath $79,900 PENDING

There are many great incentives to attract first time home buyers, aside from the fact that it may well be the largest and most profitable investment a lifetime.

First of all, the TERM is used loosely, for example, in addition to the young couple or person who really is buying their first home, others do qualify:

"The applicant must be a first-time homebuyer, which is defined as not having owned a home during the three-year period prior to the purchase under this program. A displaced homemaker or a single parent may not be excluded from consideration as a first-time homebuyer on the basis that the individual, while married, owned a home with their spouse or resided in a home owned by the spouse. The household cannot own nor have an interest in any other real estate at the time of purchase. Co-signers who will not live in the home are not allowed." 1

For more information about the "Up to $8000 Tax Credit" check out this Website by National Home Builders Association:

http://www.federalhousingtaxcredit.com/2009/glance.php

For more information about Down Payment Assistant Programs, check out David J Edward's blog:

http://www.brokeragentsocial.com/davidjedwards111/blog/1312/

Helping people make their dreams come true in Gladwin County and Beaverton MI 48612

Marilyn Harrell - Realtor for Century21 Smith-Miller, Inc.

1 David J Edwards