It was announced earlier this week that some changes have been made to the $8,000 Federal Tax Credit. The U.S. Department of Housing and Urban Development gave authorization to allow first-time buyers to use their $8,000 UPFRONT. This means it can be used to cover closing costs, to increase your down payment, or buy down your interest rate.

This first-time homebuyer tax credit started last year to help buyers purchase their first home. More details about the loan itself are available here: $8000 Tax Credit. The original tax credit was more like a government loan that had to be repaid. It was improved earlier this year making it so it does not have to be repaid! This latest improvement frees up the money to be used to cover the initial fees of purchasing

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The Home Run Grant

The Home Run Grant started March 19th and has been helping people purchase new homes for over a month. As banks become more familiar with the process, it is becoming easier to get this free money. There have been 530 people who have used the free $6,000 so far. 312 of those purchased homes in March and 219 have purchased homes in the first two weeks of April.

South Jordan is leading the way in taking advantage of this grant. The UtahDave team is local so we can find the best properties that qualify for the grant. I am delighted to see the area succeed and want to help it continue to grow. Recently, Kim used the $6,000 grant money to pay her closing costs and move into Daybreak. Here’s a table of the top 10 selling locations

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The Home Run Grant started March 19th and has been helping people purchase new homes for over a month. As banks become more familiar with the process, it is becoming easier to get this free money. There have been 530 people who have used the free $6,000 so far. 312 of those purchased homes in March and 219 have purchased homes in the first two weeks of April.

South Jordan is leading the way in taking advantage of this grant. The UtahDave team is local so we can find the best properties that qualify for the grant. I am delighted to see the area succeed and want to help it continue to grow. Recently, Kim used the $6,000 grant money to pay her closing costs and move into Daybreak. Here's a table of the top 10 selling locations that have been using the

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There is a federal stimulus law for first-time home buyers that offers $8,000 in tax credit. This credit is better than a deduction because you can get it even if you don’t owe taxes. As with most federal things the fine print is so crazy complex that it is hard to figure out. This is unfortunate because if makes it hard for people to take advantage of these great benefits. Don’t miss out on this amazing opportunity just because it’s complicated.

To qualify for the credit you have to be a first-time homebuyer. The IRS considers you a first-time homebuyer if you (and your spouse, if you’re married) have not owned any other home in the past three-years. You also have to purchase your home between April 8, 2008 and Dec. 1, 2009. That means you can still

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There is a federal stimulus law for first-time homebuyers that offers $8,000 in tax credit. This credit is better than a deduction because you can get it even if you don't owe taxes. As with most federal things the fine print is so crazy complex that it is hard to figure out. This is unfortunate because if makes it hard for people to take advantage of these great benefits. Don't miss out on this amazing opportunity just because it's complicated.

To qualify for the credit you have to be a first-time homebuyer. The IRS considers you a first-time homebuyer if you (and your spouse, if you're married) have not owned any other home in the past three-years. You also have to purchase your home between April 8, 2008 and Dec. 1, 2009. That means you can still

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