Popular Downloads
First Time Homebuyer Program FAQ « Informational Sheets « Downloads
| Attribute | Value |
|---|---|
| Version | 2009-4 |
| Date posted | April 23, 2009 |
| Downloaded | 515 times |
| Categories | Informational Sheets |
| Tags | first time homebuyer, faq, frequently asked questions, first time home buyer tax credit question, what is first time homebuyer tax credit, who is eligible for first time homebuyer tax credit, what is the first time homebuyer tax incentive |
Description
In 2008, Congress enacted a $7500 tax credit designed to be an incentive for first-time homebuyers to purchase a home. The credit was designed as a mechanism to decrease the over-supply of homes for sale.
For 2009, Congress has increased the credit to $8000 and made several additional improvements. This revised $8000 tax credit applies to purchases on or after January 1, 2009 and before December 1, 2009.
{ 2 comments… read them below or add one }
I have been told in the past that my loan was not held by Fannie Mae or Freddie Mae, but when I look at the original application that was used and later falsified was a Fannie Mae Form 1003 loan application. Does that help show that the broker committed fraud and misrepresentations. Also, the individual who signed the loan document was not the individual who worked with us. We later learned this was because the officer who assisted/robbed us was not licensed.
Our loan was a stated income loan, with a piggyback HELOC, an adjustable rate Option ARM, with a three year prepayment penalty. Our credit score at the time was 750+. We provided the loan officer with two years of tax returns and signed a form (1046-T) stating that they could and would verify our income through the IRS..
We have been told that our loan was through Ginnie Mae, but we have been able to contact anyone from Ginnie Mae to verify this information. Countrywide also state that they did not fund our loan, well we have information to indicate otherwise. An y suggestions are welcomed. Thansk for your help.
deborah
Hey Deborah,
I have sent your comment to a specialist to see if he can help.
{ 6 trackbacks }