First Time Buyer
First Time Buyer Opportunity in Indianapolis
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First time home buyers in Indianapolis have been given a great opportunity to buy a home! Changes on Friday in the first time tax credit and Indiana Housing have created a perfect storm for home buyers who have been trying to take advantage of the tax credit, which ends on December 1, 2009. If you have never owned a home or it’s been three years since you have owned a home, you could qualify and buy your home this year. Changes to Tax Credit HUD announced on Friday the first time home buyer tax credit can now be used up front for closing costs,...
Great News for First Time Homebuyers in Indianapolis
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Indiana Housing and Community Development Authority (IHCDA) announced a much anticipated drop in their rates. Okay, it may only be me who was anticipating it; somehow, I think not. In October, Indiana Housing rates started moving up and have remained at 7.25% since October 28th. Starting today, the rates have dropped to 6.25%. Although the rate is a bit higher than the current FHA rate, Indiana Housing allows down payment assistance for first time home buyers in Indiana. The First Home Plus program provides up to 5% down payment assistance, capped at $3500.00, as a interest free loan. It’s not...
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