Time is flying by and the deadline for the $8000 tax credit of November 30, 2009 is fast approaching. First time home buyers and buyers who have not owned a home in the past 3 years qualify for an unprecedented "gift" from our government of up to $8000, which can be used as a downpayment, closing costs, home repairs or other home expenses. That fact coupled with the NAR's prediction of a rising interest mortgage rate by next year may cause a log jam of buyers, trying to get their closings done on or just before November 30 of this year. To find out the details of the $8000 qualification and if you qualify, visit www.irs.com. There are also other tax credits available that may fit your situation that have been brought about by the latest stimulus plan.
Another site that may interest you is www.nchfa.com. That is the North Carolina Housing Finance Authority. They specialize in secondary financing and downpayment assisstance programs.
Please feel free to call me if you have any questions. If I can't answer them, I know who can,
John 919-522-9905