Feature Property:
This weeks feature home is nestled among open fields, an orchard and surrounded by mature hardwoods. Very private. This like new home has all its living space on one floor and is very handicap friendly ie. wide hallways and doorways. Hardwood floors through the house. Full walkout basement with bath. More details on my United Country website. Click on and check it out.
Apply the $8,000 tax credit to a downpayment
Just in case you hadn’t heard: If you’ve got a first-time buyer on your hands who’s drooling over the Obama Administration's $8,000 tax credit, there’s even more incentive. VHDA has announced a new bridge loan product that will allow homebuyers to apply it to their downpayment.
It's called the Homebuyer Tax Credit plus Loan Program, and it's not an entirely simple thing. It acts as a "built-in second mortgage that allows borrowers to receive up to five percent of the home's sales price, which can help cover down payment and closing costs," according to VHDA.
Buyers need to close on the loan by November 20, 2009, and — as you might expect — there are various demons lurking in the details. Get the full scoop the VHDA Web site: www.vhda.com.
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