Rates
The American Recovery and Reinvestment Act of 2009
This act authorizes a tax credit of up to $8,000 for qualified first-time home buyers purchasing a principal residence on or after January 1, 2009 and before December 1, 2009.
If you want answers to the following questions:
Who is eligible to claim the tax credit?
What is the definition of a first-time home buyer?
How is the amount of the tax credit determined?
Are there any income limits for claiming the tax credit?
It's easy to email me for further information. Knowing how to use the tax credit to your advantage is important for first time homebuyers.
Want a Loan for a Fixer Upper?
FHA, The Federal Housing Administration, has a loan that allows you to buy a home, fix it up, and include all the costs in one loan. Or, if you own a home that you want to re-model or repair, you can refinance what you owe and add the cost of repairs - all in one loan.
I work with lenders who specialize in FHA loans and you can email me for more information.
FHA Mortgage Limits
FHA loans have been helping people become homeowners since 1934. The Federal Housing Administration (FHA) – which is part of HUD – insures the loan, so your lender can offer you a better deal.
FHA might be just what you need. Your down payment can be as low as 3.5% of the purchase price, and most of your closing costs and fees can be included in the loan. Available on 1-4 unit properties.
Last revised January 1st 2009 for California / Los Angeles
|
One-Family |
Two-Family |
Three-Family |
Four-Family |
|
$729,750 |
$934,200 |
$1,129,250 |
$1,403,400 |
I work with lenders who specialize in FHA loans and you can email me for for further information on working with an FHA lender.
