First-Time Buyer Incentives
This may be the best time for a consumer to purchase their first home. The essential information on this site can help you take advantage of this rare opportunity.
Interest rates over the past several months have been at historicly low levels. These rates change daily as they benchmark off the 10 year U.S. Treasury Bonds. Many areas effect the yeild on these bonds, and the recent stimulus package by the U.S. government has helped keep these yields at very low levels.
A FHA mortgage can be an attractive option to many first-time homebuyers, as down-payment requirements for a FHA mortgage can be as low as 3.5%.
A tax credit of up to $8,000 is available for qualified first-time home buyers purchasing a principal residence on or after January 1, 2009, under contract before April 30, 2010 and the home sale must be closed before July 1, 2010..
While it is certainly a fact that prices in North Carolina held up much better than most states in 2008, our state has felt the issue in the fourth quarter of 2008 and early in 2009.
learn about record-low interest rates for first time buyers
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