CommonWealth Real Estate Your Way, Brodheadsville
Pocono and Lehigh Valley Real Estate Blog

More Reasons to Buy Real Estate Now

June 8, 2009 by · Leave a Comment 

More reasons to buy real estate now!

It seems that the federal government really wants you to buy a home if you are a first-time buyer. Remember all the buzz about the American Recovery and Reinvestment Act tax credit of up to $8,000 for first-time home buyers who buy a home between January 1, 2009 and December 1, 2009. Qualifying taxpayers could claim the credit on either their 2008 or 2009 tax returns.

Well, if you haven’t already gotten your home, maybe because you didn’t have enough of a down payment or enough for closing….guess what, it was just announced that some states, Pennsylvania included, will allow first-time home buyers to use the tax credit as a down payment or for closing costs. That’s right. Through the Pennsylvania Housing Finance Agency Tax Credit Advance Loan Program (TCS) borrowers can use a portion of the tax credit in the form of a second, short-term, low to no interest loan to fund the down payment or closing.

There is plenty of Pocono real estate available. If you have always wanted a home of your own and have never had a chance before, now might be the perfect time.

Learn more about all of these programs by visiting: www.IRS.gov, www.realtor.org and search for the America Recovery and Reinvestment Act and then visit www.ncsha.org/uploads/tcalp.pdf to learn about your options in Pennsylvania.


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