Well the day we have all been waiting for is finally here. HUD announced that they will allow FHA lenders to monetize the $8000 first time home buyer rebate so that you can use it to pay for your down payment.
If you have been considering buying a home in Johnson County but lack the 3.5% needed to receive an FHA mortgage your prayers have been answered. This is an incredible opportunity to buy your first home, with interest rates at a 40 year low and an excellent selection of homes to choose from.
The $8000 first time home buyer credit expires on November 30th 2009. If you have not closed on a house by that date you will be out of luck. Don't wait till the last minute as you may get shut out.
Do you want to see all of the great home for sale in Johnson County KS? Then click Here
Do you want more information on the $8000 Tax Credit? Click Here
This information brought to you by the Russell Home Team, Johnson County Kansas Realtors focusing on the needs of buyers and sellers. contact us today at 913-681-1383 or www.SearchjocoHomes.com
The Russell Home Team specializes in Johnson County Kansas Homes and Real Estate for sale. We are tech savvy realtors with over 10 years experience. Please join us on our Social Networking Network to stay up to date on Overland Park, Olathe, Leawood, Lenexa, Shawnee and all of Johnson Counties real estate news and more...
The Russell Home Team can be reached at 913-681-1383 or info@RussellHomeTeam.com or www.SearchjocoHomes.com
They've had this program in Jackson county for awhile. Glad its in Johnson now as well.
Michael, I talked to my lender about this today and she said the only hiccup is finding someone to do the bridge loan. Hopefully they will get that worked out soon.
They will get this worked out. There is too much pressure on them to not.
Justin, I have used MHDC before and it is a good program. the income limits can be a problem sometimes.