The following paragraph is excerpted from an Illinois Association of Realtors bulletin published June 2, 2009. It addresses what is being done in light of the lack public funded programs in Illinois. FHA approved lenders may come off the sidelines in the near future but for now, they are still examining and evaluating the program.
Posts Tagged ‘Homebuyer tax credit’
Update: OMB has asked FHA to hold off on tax credit bridge loan program
Tuesday evening I blogged about the FHA program that would have allowed first time home buyers to use the expected tax credit as a down payment. Apparently, at the request of OMB, FHA has withdrawn Mortgagee Letter 09-15. Hopefully this action is only temporary.
1st Time Home Buyers Seminar
Do you currently rent? have you thought about buying a home/condo/townhome for the first time? Maybe have a few questions about the process, credit scores, financing, etc? Can you afford a couple hours to learn these answers and more? What are you doing on Wednesday May 13, 2009 @ 6:30 pm?
Ryan Hill Realty will be [...]
US Treasury Announces Making Home Affordable Guidelines
Making Home Affordable is a new program designed to offer assistance to as many as 9 million homeowners, making their mortgages more affordable and helping to prevent the impact of foreclosure. There are 2 main parts to the program:
The Home
Easter Food Drive to benefit Loaves & Fishes
Kelley Schwartz of Ryan Hill Realty announced today that from now thru April 6, 2009, they will be collecting food items to help resupply Loaves & Fishes, the local food pantry in Naperville. The following is excerpted from Loaves & Fishes home page to give you an idea of what they do and how many lives [...]
Homebuyer Tax Credit Details
The stimulus bill passed by Congress and signed by President Obama offers an incredible opportunity to home buyers. Here are the more of the details:
It is a true tax credit. First time buyers who purchase and close on a home between Jan 1, 2009 and Dec 1, 2009 will receive a credit against their 2009 [...]
Stimulus Bill Passes!
Late Friday night Congress passed the $787 billion Stimulus package and sent it to the White House for signature. While all the details are still being sorted out I think we know the plan for Housing. The details on the 2 elements that may garner the most press are quoted from the
