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First-Time Home Buyers Here is the Opportunity of a Lifetime!
LETS GET STARTED ON YOUR EXCITING JOURNEY On February 17, 2009, President Obama signed important housing legislation that revises and extends the tax credit provisions of The Home Recovery Act of 2008, designed to help home buyers and strengthen the housing finance system.
The Department of Housing and Urban Development issued guidance that opens the door for FHA-approved lenders to provide short-term loans, with restrictions, to borrowers who are eligible for the $8,000 first-time home buyer tax credit. Borrowers must still come up with the required minimum 3.5% down payment using their own funds. But after that, they can use the short-term liens to increase their down payments, cover their closing costs or buy-down their mortgage rate. Calling the tax credit advance "another step towards accelerating the housing market," HUD secretary Shaun Donovan told the National Association of Home Builders’ annual spring board meeting in Washington that the initiative is a "real win for everyone." The NAHB estimates the advance will lead to 160,000 more sales — 101,000 to first-time buyers and 59,000 to move-up buyers who are selling their current residences to first-timers. Tax credit loans made by state and local housing finance agencies, government agencies and certain nonprofit groups can be used to cover the minimum 3.5%. However, non-profits that receive fees from sellers cannot provide downpayment assistance under this program. HUD didn’t want to do anything that would allow "these seller-funded schemes back in," a senior HUD official said. The department has issued a mortgagee letter (2009-15) with guidance on acceptable interest rates and fees. "We are putting in place the necessary safeguards and consumer protections, and if monitored the right way, tax credit loans can be used efficiently and safely," secretary Donovan said. Source: National Mortgage NewsVideo: HUD Secretary Donovan Unveils Details Of Plan To Monetize Home Buyer Tax Credit
TAX CREDIT ADVANCE
Overview of First Time Buyer Tax Credits
First-Time Home Buyers and Investors ....Why Wait!
Find A Fantastic BUY and Get While the Gettin's Good!
Click on the box to the left for My Best Buy List, Short Sales, Foreclosure and REO Lender Owned Homes For Sale in Quakertown, Perkasie and Telford. Check out my BEST BUY LIST Or, to search for homes currently on the market in Bucks, Montgomery, Lehigh and Northampton County, just click on "Search Homes" in the menu bar.
Debbie and I would be happy to represent you as your Agents in the purchase of one of these properties or any that meets your needs. Call, text or email me for my Complete Best Buy List in Bucks, Montgomery and Lehigh County!!!
Great Deal! Haycock Single - Short Sale
A Real Bargain! Harleysville 3BR, 2BA Ranch - Short Sale
It's a Must See! Short Sale - 5 BR Single with approx 3,052 SQ FT
Not Your Typical Foreclosure! Quakertown Valley View Single $299,900 - Bank Owned
Priced To Sell! Quakertown Single - Fixer Upper
Preserve Some History! Quakertown Farmhouse - Fixer Upper
The above listed properties may not be listed by the office/agent presenting this information.
All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Keller Williams Real Estate shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
A Shout-Out From My Happy Clients!
Trustworthy and Integrity
"Cheri was our agent when we purchased our first home last year. Cheri understood what we were looking for in a home as well as our price range. She found the perfect match ..... read more
In 6 Days Bucks County Realtor Sold our Quakertown Home!
Our house was on the market for approximately 7 months using "For Sale By Owner" and even though we did everything .... read more
The Best Quakertown Realtor!
"Cheri came recommended to us and we were so happy to have her on our side and acting as our agent. We had to fight a lot of things in our home purchase and she never gave up and never steered us the wrong way. She's honest and upfront and I would recommend her to anybody!!" Kelly and Kyle
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"Cheri was our agent when we purchased our first home last year. Cheri understood what we were looking for in a home as well as our price range. She found the perfect match ..... read more
In 6 Days Bucks County Realtor Sold our Quakertown Home!
Our house was on the market for approximately 7 months using "For Sale By Owner" and even though we did everything .... read more
The Best Quakertown Realtor!
"Cheri came recommended to us and we were so happy to have her on our side and acting as our agent. We had to fight a lot of things in our home purchase and she never gave up and never steered us the wrong way. She's honest and upfront and I would recommend her to anybody!!" Kelly and Kyle







