first time home buyer – owner loan

blog for first time home buyers

I’ll be a first time home buyer. Are there any programs that will help me save money on a mortgage? Advice?

Shelly C asked: I’m prepping to buy my first home but have not found a mortgage agent yet. Is there any advice on government programs for first time buyers? I’m looking for the best advice to save money on a mortgage. Does anyone have any advice on how to buy smart when dealing with real [...]

Posted April 12th, 2010 in Renting & Real Estate | 7 Comments »

What happens if I get the 2009 First time home buyer tax credit, but I don’t buy a house?

dtrizzle asked: My tax guy asked if I wanted to get the $8000 tax credit for first time home buyers. What if I don’t buy a house?
He said that I would just repay the $8000 at a rate of 500 a year starting with 2010’s taxesYvonne

Posted April 2nd, 2010 in Renting & Real Estate | 7 Comments »

Will my wife be eligible for the First-Time Home Buyer Credits?

di_cassano asked: I bought a home 2 years ago, the home owner is myself only. If my wife buys a $200,000 worth of home in February, will she be able to claim the $8,000 tax credit as a first time home buyer? Thanks.Margaret

Posted March 16th, 2010 in Renting & Real Estate | 3 Comments »

Unmarried couple first time home buyer credit?

Jason B asked: My fiance and I are buying at home and both qualify for the first time home buyer credit. I’m assuming that we both can’t claim the $8,000, so does one of us claim it, or can it be split up 50/50 (mirroring our ownership of the house)?
Moreover, I have a question [...]

Posted March 13th, 2010 in Renting & Real Estate | 2 Comments »

first time home buyer grants in Pa?

mbreasia asked: I am looking to purchase a home in the next few months. Does anybody know of any first time home buyer programs, that offer grants?
I live philadelphia county, and that is where I will be looking.Ruby

Posted February 9th, 2010 in Renting & Real Estate | 3 Comments »

What kind of benefits can a first time home buyer receive?

4 Time Champ asked: Especially the way the economy is. I know the prices are down, but is there special programs available to 1st time home buyers?
I live in Texas if that matters.
ThanksBeth

Posted January 26th, 2010 in Renting & Real Estate | 2 Comments »

can i buy a home with the credit score of 554 with the first time home buyer grant before Dec. 1, 2009?

Goldengirl37 asked: im attending the first time home buyer classes and i have already attended the first class, now i have to go back for a one on one counsel at the end of the month. but i affaid that i wouldnt have enough time to buy a home before the deadline december 1, [...]

Posted January 10th, 2010 in Renting & Real Estate | 4 Comments »

First Time Home buyer. Can someone tell me how much down I would need for a $175,000 in CA?

tonyscourtside22 asked: Hi. I’m a first time home buyer in Monterey County of Ca. I’m trying to figure out how much I would need to put down on $175,000 home in my area. I would greatly appreciate any insight or tips on buying my first home as well. Thanks a bunch.Darryl

Posted January 6th, 2010 in Renting & Real Estate | 3 Comments »

First time home buyer with tax credit question?

chicky asked: I’m closing on my first house next week and i understand that the tax credit for first time home buyers has changed from $7500 to $8000. Can i receive that money on this years taxes or must i wait till next years filing?
Thanks and wish me luck!Jessie

Posted December 30th, 2009 in Renting & Real Estate | 3 Comments »

First time home buyer tax credit and HUD 100 down payment using the tax credit?

sle7787 asked: I would like to know if you are a first time home buyer and you are going to use HUD’s $100 down payment promotion, can the first time home buyer tax credit be used towards the closing cost?
Please make your answer in simplest terms because I do not understand real estate or mortgage [...]

Posted December 23rd, 2009 in Renting & Real Estate | 3 Comments »