first time home buyer – owner loan

blog for first time home buyers

are there first time home buyer programs for buyers that have to do stated income?

jjohnson5677 asked: My wife and I live in California and have to do a stated income loan because we both work for tips for a living. We both have credit scores above 750. Our loan officer said that first time home buyer programs are only for buyers that go full doc. [...]

Posted July 18th, 2009 in Renting & Real Estate | 4 Comments »

What are my refund, rebate or FHA options as a first time home buyer in Los Angeles?

all_my_life asked: As a first time home buyer in Los Angeles, CA – with a take home of about 100k/yr, married, without debt and good credit – would I qualify for an FHA loan with a low down payment? Will I get a federal rebate or refund? What other options are out there [...]

Posted July 17th, 2009 in Renting & Real Estate | 2 Comments »

Incentives to Become a First Time Home Buyer Now

michaelstromsteen111 asked: You might be taking a closer look at becoming a first time home buyer after Congress passed the housing bill recently. The bill includes a few incentives that really make now the perfect time to jump into the market and become a first time homeowner. Of course, the depressed real estate market is [...]

Posted July 17th, 2009 in Home Business | No Comments »

First-Time Home Buyers: Housing

Melanie Broemsen asked: As a potential first- time home buyer, the volatility of housing market could seem intimidating. According to National Public Radio, the number of foreclosures increased 32 percent in April 2009 when compared to the same month in 2008. Despite the turmoil, however, there are many good reasons why now may be just [...]

Posted July 16th, 2009 in Finance | No Comments »

First Time Home Buyers’ Stimulus Package – Help and Hope for Homeowners

Bryan Hendersen asked: metimes have dreams that will never reach fruition, but thanks to the introduction of the U.S. Government’s First Time Home Buyer Stimulus Program, the dream of owning a home is that much closer to reality for many families. Buying a home is about the largest decision most people will make, and it [...]

Posted July 16th, 2009 in Finance | No Comments »

How to deal with first time home buyer $8000 FRAUD?

Crimson Goddess asked: Hi everyone,
I and my sister plan to open a small tax business this year and we are wondering how to deal with First Time Home Buyer Fraud? IRS is getting strictly and they may claim the preparers for committing fraud. You know I what mean?
Can you please give me some idea?Herman

Posted July 14th, 2009 in United States | 6 Comments »

What is the easiest way to get my $8000 first time home buyer credit amended, so I can receive it early?

Cameron F asked: I am a first time home buyer as of March 31st. I was going to wait and get my $8000 credit when I filed next year, but I found out you can amend it, and go ahead and receive the money. I filed my taxes myself last year. What forms or website [...]

Posted July 14th, 2009 in Personal Finance | 1 Comment »

The First-Time Home Buyers’ Tax Credit (HBTC)

Carlos Montes asked: Right now, Canadian first-time home buyers can take advantage of the First-Time Home Buyers’ Tax Credit (HBTC). If you qualify and your home qualifies, this could be a nice bonus to taking the plunge of buying your first piece of residential real estate.You qualify for the HBTC if you are a first-time home [...]

Posted July 10th, 2009 in Real Estate | No Comments »

Which banks out there have the best mortgage plan for a first time home buyer?

sxysweetsis4u_2000 asked: If you were to have perfect credit, and a first time home buyer, which banks offers the best package plan, rate, apr’s, points, ect………. please name a few and give me some detail answers please.Harold

Posted July 10th, 2009 in Renting & Real Estate | 1 Comment »

First time home buyer tax credit for couples where only one person is a first time home buyer?

joe m. asked: I purchased our current home before me and my wife got married. I am the only owner of the home. If we were to move and both buy a new home, would we receive the tax credit because my wife is a first time home buyer?Ruth

Posted July 7th, 2009 in United States | 2 Comments »