PURCHASING A HOME HAS NOT BEEN THIS AFFORDABLE SINCE THE LATE 1950'S:  WHAT ARE YOU WAITING FOR?

$8,000 Home Buyer Tax Credit at a Glance

The tax credit is for first-time home buyers only. (those that have not owned in last 3 years)
The tax credit does not have to be repaid.
The tax credit is equal to 10 percent of the home's purchase price up to a maximum of $8,000.
The credit is available for homes purchased on or after January 1, 2009 and before December 1, 2009.
Single taxpayers with incomes up to $75,000 and married couples with incomes up to $150,000 qualify for the full tax credit.


The Site:  http://www.federalhousingtaxcredit.com/

NEWSFLASH:

The new TEMPORARY FHA loan limit has been raised nearly $100K to $443,750K  This means that 3.5% down with an FHA loan will put you in the house of your dreams!  Call or email me for more info. (845) 222-3494 or stoy@optonline.net

Experts are saying the worst is behind us!  (oct 2008 - jan 2009)  They also say that when the market starts creeping up we will not know until after it has already happened.