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Citrus County Real Estate News
Saturday, February 27, 2010
Don't miss out on the home-buying benefits of the extended tax credit!
The clock is ticking away!
Deadline: April 30, 2010
The guidelines are as follows:
$8000 Tax Credit
* The $8,000 tax credit is for first-time home buyers only. For the tax credit program, the IRS defines a first-time home buyer as someone who has not owned a principal residence during the three-year period prior to the purchase.
*The tax credit does not have to be repaid unless the home is sold or ceases to be used as the buyer’s principal residence within three years after the initial purchas
*The tax credit is equal to 10 percent of the home’s purchase price up to a maximum of $8,000.
* The tax credit applies only to homes priced at $800,000 or less.
*The tax credit now applies to sales occurring on or after January 1, 2009 and on or before April 30, 2010. However, in cases where a binding sales contract is signed by April 30, 2010, a home purchase completed by June 30, 2010 will qualify.
* For homes purchased on or after January 1, 2009 and on or before November 6, 2009, the income limits are $75,000 for single taxpayers and $150,000 for married couples filing jointly.
*For homes purchased after November 6, 2009 and on or before April 30, 2010, single taxpayers with incomes up to $125,000 and married couples with incomes up to $225,000 qualify for the full tax credit.
$6000 Tax Credit/Repeat Home-Buyer
*The tax credit does not have to be repaid unless the home is sold or ceases to be used as the buyer’s principal residence within three years after the initial purchas
*The tax credit is equal to 10 percent of the home’s purchase price up to a maximum of $6,500.
*The tax credit applies only to homes priced at $800,000 or less.
*The credit is available for homes purchased after November 6, 2009 and on or before April 30, 2010. However, in cases where a binding sales contract is signed by April 30, 2010, the home purchase qualifies provided it is completed by June 30, 2010.
*Single taxpayers with incomes up to $125,000 and married couples with incomes up to $225,000 qualify for the full tax credit.
* To be eligible to claim the tax credit, buyers must have owned and lived in their previous home for five consecutive years out of the last eight years.
This gives you a discount on already discounted homes! What are you waiting for! If you would like information on buying a home in Citrus County, Florida please feel free to contact me.
Tuesday, February 16, 2010
Mortgage Rates UPDATE as of 2/16/2010 from Citrus County Florida
Standard, Conventional (Note Rate / Points):
30 Year Fixed: 5.000% / .250
15 Year Fixed: 4.375% / .125
FHA (Note Rate / Points):
30 Year Fixed: 5.125% / .125
15 Year Fixed: 4.375% / .000
VA (Note Rate / Points):
30 Year Fixed: 5.125% / .125
15 Year Fixed: 4.375% / .000
As you can see the interest rates are still low.
It's time to act quickly and buy a new home because they won't stay this way forever.
It's a good idea to take advantage of the affordable interest rates that are available right now. For more information on trusted lenders in Citrus County who can help educate you about the great loans available to all home buyers please contact me.
Tuesday, February 24, 2010
Mortgage Rates UPDATE as of 2/24/2010 from Citrus County Florida
Listed below are the local mortgage rates as of Wednesday, February 24, 2010.
The rates are still low and the $8000 tax credit deadline is also creeping up on us(April 30,2010). Its really a great time to act and buy a new home so you can take advantage of all of the great incentives being offered.
Keller Williams Realty of Citrus County is a one stop shop.
You can talk to a lender and a realtor all in one place!
Standard, Conventional (Note Rate / Points):
30 Year Fixed: 5.000% / .250
15 Year Fixed: 4.375% / .000
FHA (Note Rate / Points):
30 Year Fixed: 5.250% / -.375
15 Year Fixed: 4.500% / -.250
VA (Note Rate / Points):
30 Year Fixed: 5.250% / -.375
15 Year Fixed: 4.500% / -.250
Jennifer Tellier | Keller Williams Realty
REALTOR
699 S Adolph Pt.
Lecanto, Fl 34461
Direct: Jennifer 352.422.7686
Office: 352.746.7113 | Fax: 352.897.4456
Copyright 2011: Keller William Realty | Citrus County Homes For Sale. All Rights Reserved.
