Get Home Buyer Help Website Launched

GetHomeBuyerHelp.com has been officially launched. The goal is to provide consumers with bias free information about buying a home in today's real estate market.

When you buy a home, you will need to know:

*How the 8000 home purchase tax credit works
* knowledge of industry language
* knowledge of how to buy a home
* awareness of dpa or down payment assistance programs
* understanding first time home buyer programs
* typically good credit history and credit scores that are above 620
* must being gainfully employed receiving some proof of income
* have some money for closing costs and down payment
* knowledge of real estate mortgage loan programs

Bridge Loan for Home Buyers - 8000

Help for the housing market is on the way. FHA loan mortgages will soon be a lot better for home buyers and first time home buyers. Hud and FHA plan on giving buyers an $8000 bridge loan that they can use now to buy a home rather than wait to get their refunds. Not all of the details have been outlined yet.

FHA 8000 tax credit program

Average Credit Score

Your credit report can be influence by a variety of factors. It is important to know what you are doing before you start using your credit to make purchases. The more credit that you use, the more your credit score will be impacted. If you don't use credit you can still have a bad credit score. Do your research and make sure that you know what you are doing. When you want to buy a home and you don't understand your credit score, you may be in for a surprise.

$8000 tax credit for first time home buyers

The new 8000 tax credit is an awesome deal for first time home buyers. Take advantage of the 2009 American Recovery and Reinvestment Act of 2009. You can now get a $8000 tax credit just for buying a new home. That's dollar for dollar against your federal income tax returns. You must be a first time home buyer to be eligible for the program. The home must be your primary residence as well. The home you buy must be from someone that is not related to you.

8000 tax credit

$10000 tax credit California

HomePath Mortgage vs. FHA Mortgage

A HomePath Mortgage may be a better option than an FHA mortgage. A HomePath Mortgage only requires 3% down whereas an FHA mortgage can require 3.5% down. There is no PMI insurance on a HomePath Mortgage. An FHA mortgage has mortgage insurance as well as a 1.5% funding fee up front ouch. There is no appraisal required for a HomePath loan.

Home Path mortgage information

The American Recovery and Reinvestment Act of 2009

You must get and install the energy efficient appliances between January 1, 2009 until December 31, 2010.

The energy efficient improvements must be done on your property, principle residence.

If you make the energy efficient improvements to your second home or rental/investment properties by installing solar water heaters, solar panels, small wind energy systems you may be eligible for tax credits under Obama's American Recovery and Reinvestment Act of 2009.

The maximum tax credit that is allowd is $1,500 for all of the energy efficient improvements you make, except for the instances where you installed : geothermal heat pumps, solar water heaters, solar panel arrays, fuel cells, and small wind energy systems. These items are not subject to the $1,500 cap and eligible for a larger 30% tax credit. Special provisions apply to fuel cells and building a new principle residence. (please contact your tax preparer for more information on this).

the 8000 tax credit for first time home buyers explained

The tax credit that George Bush passed is very different from the one than the 8000 tax credit that President Obama passed.

8000 tax credit explained