About Houston County, GA

$1,800 Tax Credit for All Georgia Residents Buying a Home

On May 11, 2009 Governor Sonny Perdue signed House Bill 261 into law allowing Georgia Residents to receive a $1,800 Tax Credit on homes purchased between June 1, 2009 and Nov 30, 2009. This tax credit is not limited to 1^st Time Homebuyers; it is for All Georgia Residents purchasing a single family home or condo used as primary residence after June 1, 2009 and no later than Nov 30, 2009. Only certain homes qualify for the $1,800 Tax Credit - the home must be on sale prior to May 11, 2009 and still for sale or must be in default on or before Mar 1, 2009, or already foreclosed and held by a bank or mortgage company. The Georgia Tax Credit is $1,800 or 1.2 percent of the purchase price whichever is less. The Georgia Tax Credit can be claimed on end of year Georgia State tax return over 3 year period including 2009, 2010, and 2011. Total tax credit allowed in a single tax year shall not exceed the taxpayer's income tax liability or one-third of the total amount of the credit allowed. The $1,800 Georgia Tax Credit can be used in addition to the 1^st Time Homebuyer Tax Credit as the two tax credits are completely separate and neither affects the other. This means that 1^st Time Homebuyers who are a Georgia Resident can receive up to a total of $9,800 total in Federal and State tax credits if they purchase a home that qualifies for the Georgia State Tax credit within the next 6 months.

Let USAA Movers Advantage Program and The Bailey Team take the hassle out of moving to or from Robins AFB GA and the Warner Robins area.

As a USAA Member you get

1. Up to $3,000 when buying and selling a home.
2. A Movers Advantage Specialist
3. Access to preferred real estate brokers
4. Specially selected agents trained to assist USAA members on the move

As a member of The Bailey Team, we are approved members of the USAA Movers Advantage Team and I can assist you with your move to Robins AFB GA. We can also assist you with selling your home in the Warner Robins Georgia area.

In most states, you get up to $1,500 when you buy or sell your home through Movers Advantage, receive up to $3,100 when you do both.

• Home Value $0-$99,999 / Cash Bonus $350
• Home Value $100,000-$149,999 / Cash Bonus $650
• Home Value $150,000-$249,999 / Cash Bonus $950
• Home Value $250,000-$399,999 / Cash Bonus $1,250
• Home Value $400,000 + / Cash Bonus $1,550

Any USAA members interested moving to the Warner Robins area or selling their home, just contact me and I will be happy to assist you. Contact Me

Some states limit the ability to pay a cash bonus. Bonus amount varies from $350 - $1,550 depending on sale price of home sold or purchased, and you must be represented by the assigned MoversAdvantage real estate firm at closing to qualify. 

The Mossy Creek Festival is this weekend - April 18th and 19th and is open from 10 a.m. till 5 p.m. I went to the Mossy Creek Festival last Fall and it was fun with arts and crafts, items to buy, food, drink, petting zoo, and animal rides for the kids. Here is a link with more information http://www.mossycreekfestival.com

Georgia Dream Neighborhood Stabilization Program (NSP)

Are you planning on buying a Foreclosed property in Warner Robins GA that is now Bank Owned or Real Estate Owned (REO) by Fannie Mae, Freddie Mac, HUD, or VA?

Then the Georgia Dream Neighborhood Stabilization Program (NSP) may be right for you.

$14,000 for Repairs, Rehabilitation, and Down Payment Assistance

The Georgia Dream NSP Purchase Program is funded with proceeds from an allocation of federal funds from the Housing and Economic Recovery Act of 2008 (HERA). Funds may be used for down payment and rehabilitation assistance on NSP eligible properties. Funds may not be applied to closing costs, discount points, or prepaid items.

• Does not have to be a 1st time homebuyer
• Cannot be combined with any other type of down payment assistance
• Must be used with a fixed rate FHA or VA first mortgage
• Can be used to rent current property and upgrade to nicer home
• Properties purchased under this program must meet the discount requirements of HERA. In order to determine the statutory purchase discount, an appraisal must be completed within 60 days prior to an offer made for the property is required.
• The sales contract must reflect the NSP Purchase Discount and supporting documentation must be submitted to DCA to support this provision.
• The purchase discount must be at least 15% from the current market appraised value of the home or property as determined by the required appraisal.
• Subject property must meet HUD’s Housing Quality Standards (HQS) Inspection Requirements · Funds must be used towards repair, rehabilitation, and down payment assistance.
• NSP funds must be used first for repairs to bring the property up to Housing Quality Standards (HQS). Any remaining funds must be used for down payment assistance. If repairs are not needed or are not made a part of the financing, the entire $14,000.00 must be used for down payment assistance. The Georgia Dream NSP Purchase Program loan will be provided in the form of a subordinate lien that will be released over a five year period at a rate of 20% each year.
• Subject property must be in an area of greatest need.
• Mobile Homes are not eligible

Georgia Dream Homeownership Program 

Purpose: Help Georgians achieve the dream of homeownership by providing affordable first mortgage financing and down payment assistance.  

Are you having trouble coming up with the 3.5% down payment required by FHA? Then the Georgia Dream Homeownership Program may work for you.

Georgia Dream Second Mortgage loan can be used for down payment and closing costs associated with a purchase of a home for first time homebuyers with a total household income of one to two person - less than $58,000, and three or more persons - less than $67,000. First time homebuyer requirement waived for targeted areas. A first time homebuyer is someone who has not owned home in the last 3 years.  

• 1^st Mortgage - Must qualify based on credit score and debt to income for specific loan type, such as VA, FHA, Conventional, or USDA-RD
  • Maximum Purchase Price: $200,000
  • Interest Rate as of 28 Mar 2008 is 6.75%
  • Owner Occupant Only
  • Mobile Homes are not included
• 2^nd Mortgage - $5,000 to $10,000
  • Must qualify for and get 1^st Georgia Dream Mortgage
  • No Interest
  • No Monthly Payments
  • No payment due until home is sold, refinanced or no longer used as the borrower's principal residence.
  • Income limits are based on County
  • 2^nd Mortgage loan amounts vary between applicants
    • Standard: $5,000 - All eligible homebuyers
    • PEN: $7,500 - Military, Health Care, Education
    • CHOICE: $7,500 - Eligible homebuyers whose household includes an individual living with a disability.
      • If income is less than $29,999 then $10,000 instead of $7,500
    • HONORS: Surviving spouse of a military serviceman or servicewoman or of a public protector: $10,000
    • WECOME HOME: Members of Georgia Army and Air National Guard who purchase a home in the State of Georgia.
    • SIGNATURE COMMUNITY: Eligible employees of local governments designated as Signature Communities: $7,500
    • EV: Energy efficient and/or visitable homes that certified to meet the Energy Star, Easy Living Home or EarthCraft House program requirements: $7,500
    • SINGLE FAMILY DEVELOPMENT: Affordable homes constructed under this special development program: $7,500 - $20,000