Fannie Mae Incentives and Federal Income Tax Credit for home buyers in Chesapeake - Virginia
A 3.5% incentive is being offered for the purchase of a Fannie Mae-owned house. This is only for home buyers who close the purchase of a home between January 28 and April 30, 2010. Buyers of homes in Chesapeake Virginia will receive up to 3.5% of the final price for:
- Closing costs
- New Whirlpool appliances
- Or a mix of both. Up to a maximum of 3.5%
The offer must be accepted and the deal must close before May 1, 2010. These incentives only apply to owner-occupants.
Individual lenders may impose limitations, so ask your lender to make sure they are participating fully on the program.
On top of that Chesapeake home buyers and sellers must take advantage of the Federal Income Tax Credit, which runs through April 30, 2010 with a 60 day cushion after that date to complete closing.
- $8,000 tax credit for first-time home buyers in
- $6,500 tax credit for existing home owners who have lived in their current residence for at least five years but want to relocate to a new primary residence.
*** Consult an accountant, lender or attorney for specific details on refunds for these incentives*** I have referrals for all these sources.
Lets do the numbers on a Chesapeake home purchase of:
$ 200,000 x 3.5% = $7.000 plus $8.000 Tax credit = $15.000 //+$ 6.500 = $ 13.500
$ 250.000 x 3.5% = $8.750 plus $8.000 Tax credit = $ 16.750 //+$ 6.500 = $ 15.250
$ 300.000 x 3.5% = 10.500 plus $8.000 Tax credit = $ 18.500 //+$ 6.500 + $ 17.000
Call me today to take advantage of these incentives. 757-502-5324 or send me an email at: Tere.Rottink@yahoo.com
Below are the properties available for
sale in Chesapeake and and surrounding areas
at this time. To view any of this homes contact me. To view all the
listings available please visit my
Fannie Mae incentives and Federal Income Tax Credit for home buyers in Chesapeake - Virginia was first published on Hampton Roads Real Estate Voice Copyright © 2010 By Tere Rottink, All Rights Reserved.* Fannie Mae incentives and Federal Income Tax Credit for home buyers in Chesapeake - Virginia