WOW, 4.55% Rates for First Time Home buyers

Yep, NIFA has a 4.55% rate for First Time Home Buyers. That means those same buyers that were going to buy with a 5.5% rate just dropped their payment about $75 a month.

To Qualify:
must not have owned a home for at least 3 years.
make less than $69,000 for 2 in household or less than $79,000 for 3+ in household
buy a home less than $200,000
take a one hour class online to teach you how to care for your home.

that's it. Email or call me for details.
Jon

Todays Rates at First National Bank

Have you seen the Home Lending rates lately? Wow, just another reason why you should be buying a home right now.

Brought to you by Rich Frandeen @ First National Bank
richardfrandeen@fnni.com or 402-964-8655

02/16/2010:

30yr conv. fixed rates are 5% - 5.25%
15yr conv. fixed rates are 4.375% - 4.625%
30yr FHA fixed rates are 5% - 5.25%

new Listing

Check out this new listing in Bennington. 3 Bedroom 3 bathroom Ranch in Waterford. Enjoy the community pools and lake while you live in this amazing custom built Brau Home. 3,045 sq ft with tons of extra's including a finished basement with fireplace and wetbar, screened in Deck, 3 sided fireplace that seperates the family room, hearth/dining room and Kitchen. Oversized 3 car garage comes with cabinets and workbench. All this and more for only 289,500. Call or email for details.

Tax Credit Info

Now that we are inside 90 days until the Tax Credit expires, here is a little refresher on how it works.


Buyers who qualify for the tax credits have until April 30, 2010 to have a binding contract signed and close no later than July 1, 2010. Just some of the facts you might need to know are listed below.

Qualifications:



• First-time home buyer - A buyer who has not owned a principal residence three years prior to the purchase may qualify for the $8000 tax credit.

• Existing home owner's - A seller who has lived in their home for five consecutive years out of the last eight may qualify for the $6500 credit when they purchase a different home they will occupy.



Income Levels:


• If a single home buyer's income is $125,000 or less and married couples joint income is $225,000 they may qualify for the $8000 credit.

• Single home buyer's income is $125,000 to $145,000 and married couples income is $225,000 to $245,000 they may qualify to receive a partial credit.



Homes that Qualify:


• Any home less than $800,000, new or existing, that will be their principal residence. No vacation homes or rental properties qualify for this purchase

As always, please give me a call or email me with any additional questions.

less than 90 days left for the Tax Credit

For those of you who qualify for either the $8,000 or $6,500 tax credit, you need to be in contract before April 30th and close before June 30, 2010. Email or call me for the details.

Jon Meier
402-578-3413