Financing
Often mentioned as one of the most stressful things when considering the purchase of a new home, we have tried to make the process much easier by providing you with top-notch financing services available through either of our two Preferred Lenders.
We have chosen to partner with these two outstanding mortgage providers based on their reputation in the industry and the level of service they provide to their clients. With their team of professionals, they are dedicated to helping our Inspired Communities customers realize the dream of home ownership and are there for you from loan application to closing – monitoring the mortgage market and delivering the right product to you at the best possible rate.
Both of our preferred lenders have a variety of programs available for our Inspired Communities purchasers, so finding the perfect loan tailored to your needs is easy.
Bank of America, Heyward Cathcart:Bank of America City Loan Program |
|
Homeowner’s Mortgage, Kelley Crimmins-Hunt:Conventional Financing |
 |
Calculate your Mortgage:
First time homebuyers news!!!!
It’s official, President Obama has signed a new $8,000 First Time Homebuyer Tax Credit into law. If you haven't owned a home in three years – or never at all – this can guarantee you $8,000 off your taxes. Click here for more details.
Here are the highlights of this historic move:
Limited Time Offer With Few Limitations
You must close on a new home no later than November 30, 2009, and make $75,000 or less if filing single ($150,000 or less if filing as a couple). Income over these limits may qualify for partial credit. The credit has to be repaid over time if you sell the home within 3 years of closing. Other than that, qualify for a loan and the full $8,000 credit is yours.
$8,000 Guaranteed No Matter What You Owe
A tax credit directly reduces the taxes you owe for the entire year, including what you’ve paid in. Under the new law you're guaranteed $8,000 off your taxes. If, for example, you’ve paid $6,000 and owe nothing else, you’d get an $8,000 tax refund. If you owe more, you're still guaranteed $8,000 credited against that tax.
You Could Claim The Credit For 2008
The tax credit applies in the year it's claimed. Close on a new home before you file your 2008 taxes, and you can claim it on your 2008 return. Already filed your 2008 tax return, you can file an amendment or wait to claim the credit on your 2009 return.
Wondering what your monthly payment would be? Use our Mortgage Calculator to find your payment.
Please contact us if you would like to know more about any of these great programs. Our community managers will be happy to help you!
For complete information, visit:
www.federalhousingtaxcredit.com