LAST CALL FOR HOMEBUYER’S TAX CREDITS!
Prospects are scurrying to sell and/or buy homes before next month’s tax credit deadline.” “It’s been absolutely nuts, I have showings galore and contracts are coming in left and right,” commented one real estate agent. To qualify for the credit, buyers must have fully executed sales contracts in place by April 30 and the deal must close by June 30. First-time home buyers are eligible for up to $8,000. Buyers who have owned a home for five consecutive years within the past eight years can get a credit of up to $6,500.
Other Available Credits!
Real Estate Tax and Energy-Efficiency Incentives are available for Missouri Home Buyers!
Qualified Missouri families who purchase a home in 2010 are eligible for a HOPE incentive equaling the amount of the 2009 real estate tax bill associated with the property they purchased, up to a maximum of $1,250.
MAXIMUM HOPE ENERGY EFFICIENCY INCENTIVE AVAILABLE -$1,750
Homebuyers who are approved for the real estate property tax HOPE incentive may also be eligible to receive up to an additional $500 if they bought a qualified, newlyconstructed, energy-efficient home; bought an existing home and remodeled it; or purchased items for the home, such as Energy Star® appliances, to make the home more energy efficient. The maximum combined total of the HOPE property tax incentive and the HOPE energyefficiency incentive is $1,750.
Eligibility Requirements:
- Homeowner must purchase and occupy a one-to-four unit Missouri home as their primary residence after January 1, 2010.
- MHDC income limits apply to household.
- The applicant must be at least 18 years old.
- Property cannot be purchased from a relative, or spouse, if married.
Contact Missouri Housing Development Commission for further information: Phone: 800-246-7973 or check out their webswite: www.MHDC.com.
St. Louis Mortgage Interest Rates – March 17 , 2010 *
- 30-year fixed-rate mortgage 4.875% no points
- 15-year fixed-rate mortgage 4.25% no points
- 5/1 adjustable rate mortgage 3.75% no points
- 3/1 adjustable rate mortgage 3.625% no points
- FHA/VA 30-year fixed rate mortgage 5.00%
- Jumbo 5/1 ARM 4.125% no points
For more information or if you have questions on mortgage rates in St. Louis you may contact me by phone at my direct line, (314) 372-4319, email at rfishel@paramountmortgage.com or you can visit our company website at http://www.paramountmortgage.com.
*Note- The above rates are based upon a typical sale price of $187,500 with a 20% percent down payment leaving a loan amount of $150,000 to a borrower with a 720 credit score for a loan with no discount points charged. Rates and terms will vary depending upon loan amount, home value, credit and income of borrower.
This information is provided by this author and this site for informative purposes only and is not warranted or guarteed in any way.
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