Calling All Denver First-Time Homebuyers
If you are saving to purchase your first home, you should know that you only have until the end of 2009 to qualify for the $8,000 tax credit (essentially $8,000 of free money) that the government is offering as an incentive. Things JUST got a whole lot easier, since the government recently announced a new and very user-friendly program that will enable first-time buyers, who are using an FHA loan to buy their home, to get an advance from their lender. This means that you do not have to wait to get your funds back from the IRS since the $8,000 lender advance can be used for closing costs and other fees, or it can even be used to beef up the required 3.5% FHA required down payment. Where is it possible to get the 3.5% FHA down payment? If you have not been able to save up 3.5%, you can use a gift from your parents or another friend or relative, It is also possible that your parents or a friend or family member can co-sign for you and CHAFA, a local government agency, can also help with your initial 3.5% down payment. There are ways and some of them you may not be aware of.
Who is a first-time home buyer? Obviously, it is someone who has never owned a home, but wait. There is another category that qualifies. That is someone that has owned a home before, just not in the past three years. Now, you, too, qualify as a first time home buyer as well. Do not let this once in a lifetime opportunity for home ownership get past you in 2009. The Denver metro market, which encompasses all of Denver, Parker, Highlands Ranch, Aurora, Castle Rock, Castle Pines, Centennial as well as all other Front Range communities is on sale at perhaps the easiest entry level in history. Low interest rates, low down payment requirements and a good selection of homes. If you are interested in purchasing your first home in Denver, please contact TeamCox Realtors – your Denver real estate specialists – at 303-400-6060.
TeamCox Realtors – Treating our clients’ real estate transactions as if they were our own.
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