Home ownership for first time home buyers.

With the goverment bailout package a new home owner programs, it is a perfect time to buy! This is a market for anyone looking to purchase a new home. Homes are becoming priced where you can afford a larger and more expensive home than a year ago. A first time homebuyer can get $8,000.00 as a tax credit for a purchase of a new home. This does not have to paid back to the goverment as previously stated by the homeowner. So it is like getting a $8,000.00 downpayment for a home. If you are renting and looking to someday purchase a home, now is the time to buy!

If you are a West Virginia Resident and can use the WV Housing Develpment fund. They offer a number of different programs to a home buyer. You must qualify for the programs. they even offer a help and assistance program for downpayments. Down payment and closing cost assistance loans are available to homebuyers to reduce the amount of upfront money needed to purchase a home.
Homebuyers will be able to select one of two options if they qualify:

• Option One: a 10-year loan with a maximum amount up to $5,000 that is fully amortizing, with a 4% interest rate.
• Option Two: a 10-year loan with a maximum amount up to $3,000, with a deferred period of five (5) years. During the deferred period, the interest rate would be 0% with no payment due. The remaining five years would be a fully-amortizing loan at 4% interest.

The time is now for anyone looking to buy a home! Don't let this chance pass you by!