The $8,000 First-Time Homebuyer Tax Credit is a great deal for those looking to buy their first home. However, you need to act now before this amazing deal expires.
The U.S. Congress will officially end the First-Time Homebuyer Tax Credit program on November 30th, 2009. This might seem far away, but with tightening credit requirements and high demand it may take longer to get a loan approved. Typical loans take up to 30 days to process, so anyone interested in taking advantage of the $8,000 tax credit needs to have their new home under contract by October 31st of 2009. This is only a few weeks away!!
In addition to the generous offer from Uncle Sam, 1st-time buyers can also take advantage of mortgage interest rates that are at historic lows. With Mortgage Rates below 5% and a tax credit worth up to $8,000 there has never been a better time to buy a home!
If you are considering the purchase of a new home, the time to act is now!
With over 100 homes currently in inventory in the Houston, San Antonio, and Fort Worth areas, LGI Homes has the perfect home, move-in ready, so you can take advantage of this great opportunity.