California’s first time home buyer and new home tax credit for 2010 that passed legislature and signed by Governor Arnold Schwarzenegger last week has raised questions, home buyers spirits and tax payers blood pressure. Low blood pressure is important to me, therefore, I will concentrate on maintaining high spirits for…

Well, he’s hitting the road again with some pretty hard hitting talk about making the $10,000 homebuyer tax credit a reality for potentially 20,000 California home buyers. Following is the video posted on the Governor’s website as well as all of the important excerpts regarding the credit from his…

We all know what great sacrafices the members of our U.S. military make each day.  Missing out on the first-time home buyer tax credit should not be one of them.  Thankfully, Congress has acknowledged the unique circumstances affecting qualified service members*, by allowing the following exceptions that apply to…

While FHA has been hogging all the headlines (no pun intended) another little known loan program has been gaining in popularity.  For over 60 years, the USDA (Unites States Department of Agriculture) has been guaranteeing loans for farms and rural communities.  Recently, however, the definition of rural has expanded…

For those looking to take advantage of the newly extended Home Buyer Tax Credit there are a few things that you should consider. 1.  FHA is one of the best options available for qualified buyers without a lot of money to put down.  2.  Even if you don’t plan…

First Time Homebuyer Tax Credit Extended Into 2010! Plus…A New Tax Credit for Certain Existing Home Owners! It’s official. President Obama has signed a bill that extends the tax credit for first-time homebuyers (FTHBs) into the first half of 2010. This program had been scheduled to expire on November…

House votes to expand home buyers’ tax credit hoping to stimulate the housing market even more in New Jersey and across the country. Congress gave final approval Thursday to support the housing market by extending and expanding the First Time Home Buyer Tax Credit. The bill, passed overwhelmingly by…

Definition of Complacency: self-satisfaction especially when accompanied by unawareness of actual dangers Source: Merriam-Webster online dictionary   We are once again experiencing a convergence of events that make this one of the best times to consider buying or refinancing your home – and may possibly be for our lifetime! …

If you are planning on buying a house and taking advantage of FHA’s low down payment requirement of 3.5%, you may want to do it now. Last year, the minimum down payment requirement for FHA loans was increased from 3% to 3.5% as part of the Housing and Economic…

FHA had originally planned to eliminate spot approvals on Condos in Delaware and nationwide effective October 1, 2009.  The new process would require the lender to approve the condo.  FHA has decided to delay this until November 2, 2009.   This means any new FHA case numbers pulled on November…