Special Update:
New guidelines were issued today for the monetizing of the $8,000 first-time homebuyer tax credit that was announced by HUD and then delayed by HUD. The primary change is that the money cannot be applied toward the 3.5% down payment. It can be used for a larger down payment or applied toward closing costs. We'll provide more details soon.Here's a link to the HUD site. Click on Mortgage Letter 09-15 http://www.hud.gov/offices/adm/hudclips/letters/mortgagee/index.cfm
Again, it appears that it can be used as "a" downpayment, but the borrower still needs to come to the table with 3.5% on FHA loans.
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Technology is changing REAL ESTATE.
The MIKE KELLY JR. Real Estate Team is on the CUTTING EDGE.
If you are interested in buying or selling a home in the Catawba Valley Area - visit our website at www.MikeKellyJr.com
My TEAM and I are REALTORS specializing in the Greater Hickory NC Metro area. Included in that area is Hickory, Newton, Conover, Granite Falls, Mountain View, Hudson, Lenoir, Alexander County as well as Eastern Burke County.
We are members of the Catawba Valley MLS as well as the Charlotte MLS.
CALL or TEXT us at 828-234-0479
Email us at MikeKellyJr@charter.net
