Looking for Real Estate in Harleysville Montgomery County, PA? Don’t forget about FHA!

Posted by Jason Klaskin
November 12, 2009

For those looking to take advantage of the newly extended Home Buyer Tax Credit there are a few things that you should consider.

1.  FHA is one of the best options available for qualified buyers without a lot of money to put down. 

2.  Even if you don’t plan to start your househunting until after the holidays you should get in touch with a mortgage professional TODAY to get your plan in motion.  Not everyone is in a position to buy a home now, but with the right planning and education you may find that you can take advantage of the tax credit and the historically low interest rates with just a little effort.  You will never know if you can buy until you take that first step.  Don’t worry . . . it’s painless!!

3. FHA is NOT just for first time homebuyers!!!!  Many people do not know that the FHA loan is available for first time buyers as well as people looking to sell their home and buy something else.  Let’s face it – many sellers  these days would like to move but they may not have the equity in their homes that they once did.  With the new tax credit offering up to $6,500 for qualified sellers you can use this credit to offset those loses in equity and leverage the FHA loan to be able to buy that new home that you have been looking for!

4.  FHA is NOT just for first time homebuyers!!!! Wait, didn’t I just say that?  Yes I did!  Again, this is an often overlooked option for many buyers.  Now more than ever we are presented with a unique opportunity to combine this great loan program with the tax credit and low interest rates to create options for buyers and sellers alike!

The most important thing to remember is that you have to take the first step.  Locate a mortgage professional who:

We can all thank Congress for passing the extension and expansion of the tax credit.   This is a rare second chance that every buyer has been given.  Now is the time to start planning to take advantage of that chance.

Happy House Hunting!!

Jason Klaskin

8000 tax credit, FHA Mortgage, First Time Home Buyer

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