Use The $8,000 Tax Credit As A Downpayment For First Time Homebuyers On FHA Loans

Even better news for Kansas City first time home buyers in 2009, as of yesterday the government is going to allow first time home buyers to use the $8,000 tax credit as a downpayment on FHA (Federal Housing Administration) financed loans! No more waiting until next year’s tax return to collect on the money. Buyers will be able to capitalize on this tax credit at the closing table.

Since the FHA requires a minimum 3.5% down payment from buyers, having up to $8,000 would mean buyers wouldn’t have to immediately dip into their savings for the downpayment.

Buyers need to act fast though, this program ends December 1, 2009.  Sign up today for Papa’s FREE First Time Home Buyer’s Seminar to cover this topic in depth. Seminar is held the 1st and 3rd Tuesday of each month at 6:30 p.m. Click here to register online now! 

Click here for the full story from realtor.org

 Click here for the full story from the  Wall Street Journal online

Click here for more information on Papa’s Free First Time Homebuyers Seminar

Brad Papa
RE/MAX State Line
913-526-4985
bradleypapa@remax.net
www.PapasInTheHouse.com
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Brad Papa | RE/MAX State Line | 913-526-4985 21135 Millridge Street, Spring Hill, KS Rare End Unit 3BR/2.5BA Townhouse offered at $131,000 Year Built 2006 Sq Footage 1,426 Bedrooms 3 Bathrooms 2 full, 1 partial Floors 2 Parking Unspecified Lot Size Unspecified HOA/Maint $75 per month DESCRIPTION Rare end unit in pristine condition! Barely lived in townhome with many upgrades: granite counter tops, frieze carpet, ceiling fans, upgraded fixtures, iron spindles & tile fireplace. Exterior maintenance provided, pre-wired for security system. So much space with this 3 bed/2.5 bath. see additional photos below ADDITIONAL PHOTOS End Unit Living Room Kitchen Open Floor Plan Master Bedroom Master Bath Contact info: Brad Papa RE/MAX State Line 913-526-4985 For sale by agent/broker Equal Opportunity Housing Posted: May 12, 2009, 4:25pm PDT

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RE/MAX State Line real estate agent, Brad Papa has been helping people achieve their real estate goals for over five years and specializes as both a buyer’s or seller’s agent. Brad has resided in the Kansas City/Olathe area for his entire life and is an expert dealing with all areas of the metropolitan area.

Brad Papa

RE/MAX State Line

913-526-4985

bradleypapa@remax.net

www.PapasInTheHouse.com