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Only 79 Days Left

April 30th is 79 days from today!  The clock is surely ticking for getting your hands on the First Time Buyer and Move-Up Buyer tax credits. To be eligible, you must have a signed contract by April 30th 2010 and be closed on your home by June 30th 2010. Checkout the resources, including a video, below.

So that you know what to expect, here is the timeline for a typical home buyer in our market:

  1. Pre-Approval Process: 24 to 48 hours from application
  2. Shopping for a home and having your contract accepted: 30-60 days
  3. Loan Underwriting and Closing: 21-35 days

As you can tell by our timeline, the total process can take well over three months.

If you want to buy a house, and need financing to do so, the time to start the home buying process is now. This gives you enough time to get the home you want and also close your loan on time.

With the whole country trying to take advantage of this amazing tax credit before the June 30th deadline for closing (must be under contract by April 30th), it would be wise to start YOUR process now so that you don’t get stuck in the middle of the frenzy that will undoubtedly take place!

Start the pre-approval process by using our free online application today! It only takes a few minutes!

There are now two different tax credits available for home buyers:

  1. The original tax credit is the First Time Home Buyer Tax Credit and you can receive a tax credit up to 10% of the sales price or $8,000 whichever is less.
  2. The newest Tax Credit is for Move Up/ Repeat Home Buyers. You can receive up to 10% of the sales price or $6,500, whichever is less.

I hope this helps you make an informed decision!

Please be sure to pass this along to those that you think may benefit the most!

My contact information can be found here if you have further questions.

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