Blogging About Loans: Only 110 shopping days left!

An office of elite mortgage lending professionals with a common interest and goal focused on providing customer service that exceeds expectation. Thereby building our business from repeat and referral opportunities. Ruth Vogt. LMB 100023827. NMLS 257576. Regulated by the Division of Real Estate. Fairway Independent Mortgage is an Equal Housing Opportunity.

Only 110 shopping days left!

To shop (and close) on a home and still get the 1st time home buyer credit, that is!

The clock is ticking ... and with the new mortgage disclosure regulations, you better subtract at least 30 days just to get your loan closed. So now you only have 80 days left to get your new home under contract!

Just as a reminder, here are a few of the features of the program:

1) Credit is for 1st time homeowners (defined as individuals who have not owned a home in the past 3 years)

2) Credit is equal to 10% of the sales price up to $8,000

3) Single taxpayers up to $75,000 annually and married couples with incomes up to $150,000 qualify for the full credit

4) Home must be purchased PRIOR to December 1, 2009

For more details on this program, visit this website: NAHB 1XHO INFO

To claim the credit, fill out IRS form 5405


Opinions expressed here are the sole responsibility of the author, and do not necessarily reflect the view of Fairway Independent Mortgage.

Ruth Vogt Colorado Mortgage Lender Ruth Vogt, Sales Manager

 #LMB100023827, NMLSR# 257576

 Equal Housing Opportunity. 

 Regulated by the Division of Real Estate.  303-881-7849.


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Comment balloon 3 commentsRuth Vogt • August 13 2009 12:21AM


Thanks for the post Ruth,

Sometimes I think the Jehovah's Witnesses have it easy.   They don't celebrate Christmas, birthdays, or even Jesus for that matter.  But just about the time I start thinking that, I realize that it's the best time of the year for the best reason of the year.

Cameron Novak, Corona Real Estate Agent
Cameron Novak
Corona Real Estate Agent
The Homefinding Center
Corona, California

Posted by Cameron Novak, Featured Corona Real Estate Agent Team (The Homefinding Center) almost 11 years ago

Nice, one usually counts down the days until Christmas.  The credit is quite the gift.

Posted by Sam Chapman almost 11 years ago

AND they might even get the return back in time for the holidays! (Link for the IRS form is included in the blog)

Posted by Ruth Vogt, 719-592-0855 Apply 24/7 (Fairway Independent Mortgage, LLS. Equal Housing Opportunity. Regulated by the Division of Real Estate.) almost 11 years ago