The Market has changed, but we are excited that there are great opportunities for buyers and sellers.
On Wednesday (11/05), the Senate voted 98-0 to pass the Unemployment Insurance bill which included the homebuyer tax credit.Today (11/06), the House passed the bill by a vote of 412-12.President Obama is expected to sign the legislation in short order.
Some of the main features of the tax credit include an extension of the first time homebuyer $8000 credit through April 30, 2010, a $6500 credit through April 30, 2010 for homebuyers selling properties in which they’ve lived for the last 5 consecutive years (closings on both situations must occur by June 30, 2010), and income limits of $125,000 single or $225,000 married.
To see key provisions of the expansion and extension, please visit REALTOR.org:
The New Orleans Finance Authority has a new “ Soft-Second Mortgage Program coming out soon”.
The First Time Home buyer Fund offers soft-second mortgage loans at zero (0%) per cent interest up to $52,000 and a closing cost assistance grant up to $5,000 for a home buyer who has not owned a principal residence within the last three (3) years or no longer owns a home because of a divorce or death of spouse. This fund serves first-time home buyers person purchasing homes in the Housing Opportunity Zones.
Income Limits Have Increased.To learn more about the Soft-Second Mortgage Loan Program or any we have listed below call us today.
We are the Realtor team here to help you with the above program or the various programs below that have come out that are of great importance if you do not qualify for the path to homeownership- soft second or are in Jefferson Parish (Pathway Program, Soft Second, IDA’s, Liz Ruth Funds) and much more to assist the community.We are asking your help in getting the word out.We want to be the Realtors® to assist you and your employees in the home buying process.
Why should your staff rent when they can own?The enclosed programs are geared to help make the purchasing of a home more affordable.These are just a few of what is out in the market today.
1)Pinnacle Mortgage Group is offering a great program: Rural Development Program with loans up to $102% of the appraised value. You do not need to be a first time homebuyer. Lexa McDaniel is the loan officer to go to for this program. She can be reached at 985-727-0755 or by email at lexa@mortgagebypinnacle.com 2)Capital Lendinghas several programs to offer and can guide you to the best fit for you. She specializes in puchases and refinances of home loans. Ask her about the new LFHA bond due to come out soon. Capital lending offers conventional, FHA, 100% Rural Development, and State bond loans. For seniors they also offer Reverse Mortgages. Karla Herrera is the bilingual loan specialist. Karla can be reached at (504)251-6636 or via email at karlaherrera1214@gmail.com.
3)Johnson Mortgage Corporation T. H. George III is your specialist on the 203(k) program for home renovation. Ted can be reached at (404) 936-6142 or Ted@jhnsonmtg.com
4) Congress Extends The Home Buyer Tax Credit of $8,000 Some of the main features of the tax credit included and extension of the first time homebuyer$8,000 credit thruough April 30, 2010, a $6,500 credit through April 30, 2010 for homebuyers selling properties in which they've lived for the last 5 consecutive years (closng on both situations must occur by June 30, 2010), and income limits of $125,000 single or $225,000 married.
These monies can be used for down payment to lower the monthly note or closing cost or a combination of both.What a great way to get into your home today!
Please pass on the information to your fellow workers, friends and family!We would like to be your Realtor® Team and are willing to do what is necessary to get you in homes.We are a bilingual firm.We will gladly provide you a list of homes for sale in your area.Thank you for give us your time.
We hope to hear from you (504) 464-6224 or www.conchitasulli.com!
