First-time home buyers looking to purchase a home in Rhode Island, are eligible for up to 10% of the home’s purchase price, up to the maximum $8,000 tax credit just for buying a home.
The latest stimulus package signed by President Obama makes these credits available to first-time home buyers on homes purchased between January 1, [...]
All of Rhode Island, Rhode Island - 401-524-9796
With historic rates and property values so low, many Rhode Island borrowers are looking to purchase a “fixer up”. Below is a streamlined 203k limited repair guide prepared to assist you in the process.
1. Make offer on home contingent on buyer being approved for renovation loan. The sales agreement should be the purchase price plus [...]
All of Rhode Island, Rhode Island - 401-524-9796
Home buyers in Rhode Island looking to utilize the FHA (Federal Housing Authority) mortgage loan program may have to put down more money if Representative Scott Garrett (Rep- New Jersey) has his way.
A bill introduced in the U.S. House of Representatives on Thursday, October 1, 2009, by Representative Scott Garrett, would increase the minimum down payment [...]
All of Rhode Island, Rhode Island - 401-524-9796
Rhode Islanders looking to do a FHA streamline refinance will now have to be concerned with new changes going into effect on November 17, 2009.
On September 18, 2009, the Federal Housing Authority released a new mortgagee letter, ML2009-32, outlining the new changes. This Mortgagee Letter is effective for new case numbers assigned on or after 60 [...]
All of Rhode Island, Rhode Island - 401-524-9796
First -time home buyers in Rhode Island looking for 100% financing, it is still available. A first-time home buyer is defined as someone who has not owned real estate within the past three years. Combine this with the $8,000 tax credit, there is no better time to purchase in Rhode Island then now. *To take [...]
All of Rhode Island, Rhode Island - 401-524-9796
Recent news suggests that law makers are calling for the expansion of the tax credit for first-time home buyers to help increase home sales in Rhode Island and other states extended through 2010.
The current $8,000 tax credit is being offered to first-time home buyers who purchase a home between January 1, 2009 and December 1, [...]
All of Rhode Island, Rhode Island - 401-524-9796
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