July 29, 2009   North Texas home prices edged up 1.70% in June, 2009 compared with May, according to a Standard & Poor's/Case Shiller Home Price Index report. New home sales jumped 11% in June, compared with April, the largest increase since December, 2000, and existing home sales are up 3.6%.

Many home buyers who purchase a home this year may qualify for an $8,000 Tax Cedit, which can now be used to pay closing costs, is a great home buying incentive, but the November 30th deadline is quickly approaching  

Tempting Tax Credits for First-Time Home Buyers

What could you do with $8,000? How about using it to finance a home? In order to stimulate the economy and revive the housing market, Congress has enacted legislation providing a tax credit of up to $8,000 for first-time home buyers.

Just last year, home buyers and owners were able to take advantage of the Housing and Economic Recovery Act's $7,500 tax credit. This credit served as a 15 year interest free loan for those who purchased their home after April 9, 2008 and before July 1, 2009. With the new and improved $8,000 tax credit plan in place, buyers have the opportunity to receive a good chunk of cash which, unlike the last year's tax credit, does not have to be repaid.

If you're interested in taking advantage of this opportunity, you only have a short......Continued

Have you been unable to buy a home because you lack the money for a down payment and closing costs, or you have substandard credit? If so, I have a program that can qualify you for a home with NO MONEY DOWN with a mortgage that is offered at BELOW MARKET RATES. The current loan rate is a 4.625% FIXED RATE for a 30 year mortgage. This innovative program offers a series of steps and services to prepare you to become a homeowner in just a few short months.

Here are the general guidelines: 1) You must live in the home - no investors; 2) You do not have to be a first-time buyer, but you cannot own another home at the time of purchase; 3) Homes up to $200,000 are eligible; 4) There are no income limits; 5) There is no mortgage insurance required; 6) There are NO CLOSING COSTS; 7) You must occupy the home as long as the original mortgage is in place; 8) Homes that need repairs qualify for the program; 9) New construction homes are eligible; 10) Previous bankruptcy or foreclosure does not automtically disqualify you from participating. Minimum credit scores are not required.

CONTACT PHIL AT 817-807-8574 or Phil@HomesByPhil.com TODAY to make an appointment to learn more about this exciting home ownership program.