Congress passed and President Bush signed the "Housing and Economic Recovery Act of 2008", or the H.R.3221 bill as it is being referred to, this past week. Two especially interesting aspects of the bill are: 1- that the tax credit being offered is an after purchase benefit that must be paid back to the government and 2 -the bill eliminates seller funded down payment assistance, however it does not eliminate legitimate down payment assistance administered by HUD approved community development agencies such as Affordable Housing Resources and the Housing Fund. With this in mind, there are still several home loans available to offer down payment assistance to home buyers.
Still have questions regarding H.R. 3221? Click here to speak to me IMMEDIATELY, call my office at (888)801-2666 or send me an email and I’ll provide you with answers promptly.
I help buyers pre-qualify for mortgages every day. Click here to get pre-qualified for your next mortgage and or find out what loan options are available to you.
The first step in buying a house is determining your budget. Please try my Java loan and mortgage calculators to find out how much home you can comfortably afford.
JoAnne Staler, Tennessee REALTOR with Rochford Realty & Construction Company is providing a unique level of service to buyers and sellers in Nashville, Brentwood, Franklin, Williamson County, Green Hills, Belle Meade, Bellevue, Forest Hills, Oak Hill, Vanderbilt, Belmont, Midtown, Downtown, Historic Areas, Spring Hill, and Thompson Station Tennessee. Whether Buying or Selling Real Estate locally or Relocating to Middle Tennessee, let a Top Selling Nashville Real Estate Agent help. To find out more about JoAnne Staler or search for real estate via the Middle Tennessee MLS visit www.joannestaler.com.
