First Time Home Buyers

You’ve likely been considering buying your first Huntsville Home for some time and this year’s tax credit and the slower housing market are certainly incentives. However even if the time limit of tax credit eligibility is beginning to feel like pressure, you must proceed with some caution. So take some time to really evaluate your […]

First Time Home Buyer Down-Payment Assistance not Likely It very much appears that the recent HUD website announcement (Mortgagee Letter 9-15) was posted prematurely at best and at worst erroneously. Thus the announcement has been removed from the HUD website and it is currently under further review pending any clarification language that may be posted. […]

In 2008 Congress passed a First Time Home Buyer Tax Credit that amounted to an interest-free loan of 10% of the purchase price up to $7,500. In a previous post we highlighted this tax provision along with the Alabama Housing Finance Authority’s (AHFA) First Step program. The law defines ‘first-time home buyer” as anyone who […]

If you’re a first time home buyer in Alabama there are several State administered programs that you should consider as part of your financial planning. Even if you plan on selling your current home and stepping up to a new home, you should investigate what is available through the Alabama Home Financing Authority (AHFA) and […]