$8000 Tax Credit Update in Wilmington Real Estate
June 30th, 2009 Posted in FinanceToday we have a new update in the popular tax credit program that will make purchasing a home even more possible than ever before. FHA will now permit lenders to provide a short-term bridge loan allowing home buyers to use the tax credit to make a larger downpayment, cover closing costs, or even buy down their interest rate.
What this means for you is in the past, the tax credit was great but still wasn’t what today’s first time home buyers needed the most. Todays buyers in Wilmington Real Estate need help at the closing table. This new amendment provides support to get people in the door.
This program is overdue and will have a huge impact to todays buyers. Wilmington Real Estate and Wilmington Homes for Sale will benefit greatly. When one home goes under contract a chain reaction starts allowing sellers to become buyers in other areas of Wilmington.
If you have more questions about this recent update, feel free to contact me at anytime at 910.620.8838.
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