You have a little over a month to meet the closing deadline of 11/30 for the potential $8,000 tax credit. Don't wait till the last minute, as lenders and closing agents are going to be swamped and you might miss it by a day.
This is an excellent program for 1st-time buyers, but programs like Rural Development loans, with zero down payment, are already backed up and taking considerably longer to get approved.
If the loan has to close by 11/30 and you take weekends and Thanksgiving out of the number of days, you may be already pushing the envelope here.
Don't wait - talk to a knowledgeable lender today if you want to make sure your loan is closed by 11/30. If you close 12/1 you're too late - there are no expceptions here.
Call me if you have any questions, 608-779-1519.
Jolyn
Tuesday, September 29, 2009
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