ERA Today Realty Blog - Southern Maine Real Estate News & Events
FHA allows first-time homebuyers to use tax credit toward purchase cost!!!
On May 29, 2009, the U.S. Department of Housing & Urban Development (HUD) announced that the Federal Housing Administration (FHA) will now allow first-time homebuyers to use their tax credit toward the purchase cost of a FHA-insured home.
On May 29, 2009, the U.S. Department of Housing & Urban Development (HUD) announced that the Federal Housing Administration (FHA) will now allow first-time homebuyers to use their tax credit toward the purchase cost of a FHA-insured home. FHA still requires a minimum of 3.5 percent down payment from other sources. However, the tax credit can be used as an additional down payment or toward closing costs. This allows first-time homebuyers to benefit from the federal tax credit at the time of purchase, instead of waiting until they file their tax return.
Conditions do apply to this rule change and they are outlined in the HUD letter announcing the change.
Windham
76 Tandberg Trail,
Route 115 at Boody's Corner
(207) 892.8100
windham@eratodaymaine.com
Naples
Roosevelt Trail,
Route 302 On the Causeway
(207) 693.6500
naples@eratodaymaine.com
| 
| 
| 
| 
| 
| 
| 
| 
| ERA RESIDENTIAL REAL ESTATE
NG -Lovely home w/beautiful perenniel gardens & pond on 2ac. 3+bdr home, mstr suite w/jacuzzi tub, & much more! $315,000
waterfront homes
Naples - Completely renovated home on Crescent Lake, Large deck, Stone FP, Central Air, SS Kitchen $239,000
New Construction
Gray - Nice privated lot located close to Turnpike exit & Wiindham shopping. 3 bdrm ranch w/ cathedral ceilings & porch to be built. $214,900
ERA COMMERCIAL REAL ESTATE
Windham -Commercial zone allows for numerous uses. May allow for owner occupant/business. Great high traffic area. $169,000.
WHAT'S NEW IN MAINE REAL ESTATE?
Read our blog for updates from the ERA
Today team on what you should know.
Read More about Real Estate in Maine »