Tri-County, MA Real Estate Blog

Dear First Time Homebuyers:

Massachusetts is offering through MassHousing a loan program that will allow you to use your 8K First Time Homebuyer Tax Credit towards your down payment or closing costs!  This Homebuyer Tax Credit Loan Program can be obtained by contacting a MassHousing lender and meeting eligibility certain requirements which can be found in greater detail on the MassHousing website.

Of course you only have until April 30th of this year to be under agreement on a home and you need to close on that home by June 30th in order to qualify for the 8K tax credit.

This is a loan program so the tax credit you receive from the federal government would need to be used to pay the MassHousing loan.  There is no interest on this loan if paid by June 1, 2011!

So if you think that homeownership might be right for you but are worried about having enough for your down payments or closing costs this MassHousing Homebuyer Tax Credit Loan Program might just be your answer.

If you are interested in more information or would like to discuss your options to see if homeownership may be right for you at this time then give me a call, send me an email, friend me on Facebook, send me a text message.   I'll even return messages by carrier pigeon!

Best,

Erin

Dear Massachusetts First Time Home Buyers:

So you were thinking last year "maybe I should look into buying a home now."  But you waited.  You knew they'd end up extending the first time home buyer tax credit anyway so you could wait. 

It's a new year.  The holidays are over, we're in a deep winter freeze in Massachusetts, and Spring sounds really really good right now!

Spring also means an end to that first time home buyer tax credit extension!

So here's what I'm writing to tell you:

You need to be under agreement on a home by 4/30 and close by 6/30 to get the 8K tax credit. 

What is a tax credit you ask?  A tax credit reduces the amount of taxes you owe. Click here for FAQs about the tax credit.  You get a credit of 10% of the purchase price up to 8K.

If you're wondering if buying at this time is right for you, give me a call and we can talk about it.  I don't want anyone to miss out and wonder later on if maybe they should have at least talked to someone about buying a home.

All my best,

Erin