Thursday, April 02, 2009

Free Money! If you're not buying your first home you're crazy!

I wish these programs had been around when I bought my first home! Frederick County is offering $5,000 to $7,000 grants for first time homebuyers. Other counties have similar programs. You can add that to the Federal Grant match program which matches $5 for every $1 you spend (you put down $1,000 Uncle Sam will give you $5,000) up to $10,000! Oh and don't forget the $8,000 federal tax credit that you can collect this year! Home prices are great, interest rates are historically low, local and federal governments are giving away free money...if you are not actively shopping for your first home then...why not?? Like all programs there are income limitations and other criteria needed to qualify for these programs but they are very reasonable. If you want to own your own home, now is the time! Give me a call.