It's true - and WHEDA is happy to be back with a new loan program just in time for buyers to take advantage of a great loan and the $8,000 1st-time buyer tax credit.
I've got the details, income limits, property max sale prices, so call me for details. For Wisconsin homes only and limits can vary per county.
Zero down, buyer must invest $1,000 into the loan transaction, seller can pay the balancde of closing costs. Requires homebuyer education.
1st-time buyers are buyers who have not owned property in the past 3 years. A mobile home on rented land does not count as owning property. No condo's, no new construction, no manufactured homes, no 3-4 unit properties.
Single family homes, zero down. Duplex requires 3% down from borrowers own funds.
No news on the rate yet - probably not till 3/1/2010, but rumors are the rates will be good.
To take advantage of the homebuyer tax credit, offers on properties must be accepted no later than 4/30/2010 so.....
You've got less than 76 days left to find a home and get your offers accepted! Get in touch with a REALTOR today so you don't miss out, and call me about your financing.
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