$8000 Tax Credit Ending

Posted on September 4, 2009

Everyone in our industry is aware of the $8000 First Time Home Buyer Tax Credit by now.  Tons of our customers have taken advantage of this wonderful incentive to buy a home.  Well this perk is going away soon.  Anyone looking to take advantage of this $8000 credit must close on a home prior to the end of November 2009.  This means that you must enter into a contract between now and the end of October to a have full proof chance of getting your deal closed in time.  If you enter into a contract in November and hope to rush the closing, there will be no guarantees.  Flat Branch Home Loans will of course do everything in our power to accomodate our borrowers, but there are just some variables that go into the loan process that need to be planned for.  There will be a mad dash of buyers trying to squeak in before this deadline and the Thanksgiving Holiday isn't helping matters either!  As a company we are closed on November 26th and 27th to observe the Holiday.  So this means all deals really need to be ready to close prior to the Holiday break since there is only so much time in the day to get deals closed and funded on 11/30/09.  So keep this in mind while you are shopping for a home and signing final contracts.  Buying a home is an exciting time and with this great credit it is even better!  Just make sure you allow enough time for your closing so this process is truly enjoyable instead of one you are sweating through in hopes of making the deadline.  Contact one of our experienced loan officers to learn more and they can help you get started!

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Flat Branch Home Loans, Inc.