St. Louis Real Estate Blog

First Time Home Buyer Credit and Down Payment!!!!!!!!!!!
May 11th, 2009 3:23 PM
I just received a memo in my email regarding the $15,000 down payment and closing cost assistance for first time home buyers.  The Neighborhood Stabilization Program (NSP) is being developed and may open soon in a couple of weeks!  This is a program that will give first time home buyers 20%, up to $14,999 in the form of a forgivable second mortgage if they reside in the property for a 5 year period.  This will be assumed for any down payment and closing cost assistance to the buyer.  As we have all heard in the past few months, the first time home buyer will receive an $8,000 tax break for the purchase of their home.  This is great news and is perfect time for you first time home buyers to start shopping for that perfect home!!!!!!
Posted by Doug Collins - Marketing Specialist on May 11th, 2009 3:23 PMPost a Comment (0)

Fist Time Home Buyer Tax Credit Advance!!!!!!!!!!!
May 21st, 2009 2:44 PM
Posted by Doug Collins - Marketing Specialist on May 21st, 2009 2:44 PMPost a Comment (0)

Big Improvement to First-Time Buyer Tax Credit
May 20th, 2009 4:22 PM

Shaun Donovan, secretary of the U.S. Department of Housing and Urban Development, on Tuesday said that the Federal Housing Administration is going to permit its lenders to allow home buyers to use the $8,000 tax credit as a down payment.

Previously, most buyers wouldn't receive the funds until after they filed their tax return, and that deterred some people from using the credit. The NATIONAL ASSOCIATION OF REALTORS® has been calling for the change.

“We all want to enable FHA consumers to access the home buyer tax credit funds when they close on their home loans so that the cash can be used as a down payment,” Donovan says. His remarks came in an address to several thousand REALTORS® gathered Tuesday morning at "The Real Estate Summit: Advancing the U.S. Economy," at the 2009 REALTORS® Midyear Legislative Meetings & Trade Expo in Washington, D.C..

He says FHA’s approved lenders will be permitted to “monetize” the tax credit through short-term bridge loans. This will allow eligible home buyers to access the funds immediately at the closing table.

Posted by Melanie Cooper - Team Lead/Listing Specialist on May 20th, 2009 4:22 PMPost a Comment (0)

Just Listed! 12866 Topping Manor Dr. Saint Louis, MO 63131
May 13th, 2009 11:09 AM
Header
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Listings Photo
$550,000.00
12866 Topping Manor Dr.

Saint Louis, MO 63131

Beds: 4.0 Rooms: 11
Baths: 3.00 Sq. Ft.: 2703.00
Garage: 2.0 Built: 1977
 
This is a new listing that
I thought you might be
interested in. Visit this
listing online to see more
photos of the property,
Google Earth satellite
images, and much more.
 
If you have any questions
about this property or
require more information,
please feel free to call.

Doug Collins - Team Administrator
Keller Williams Southwest
3147752772
www.melaniecooperteam.com
 
  Visit this listing at Here
Posted by Doug Collins - Marketing Specialist on May 13th, 2009 11:09 AMPost a Comment (0)

Follow me on Twitter!!!!!
May 5th, 2009 12:43 PM

Find me at www.twitter.com/melanierealtor

For all my real estate updates, listing news, open houses, etc...

 

Posted by Melanie Cooper - Team Lead/Listing Specialist on May 5th, 2009 12:43 PMPost a Comment (0)
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