Updated May 13, 2009

WASHINGTON, May 12, 2009 - Federal Housing Administration is going to permit its lenders to allow homeowners to use the $8,000 tax credit as a downpayment.

If you or someone you know has been trying to save for their down payment or raise gift funds, can now use the tax credit for FHA loans for the down payment.

Currently interest rates are low, now is a chance to receive money from the government for a buyer's down payment and receive a low monthly payment.  In the last two months our first time home buyers have had monthly payments of principal and interest less than rent for a two bedroom apartment.

Homes that qualify for this incentive sell quickly, it is important that the buyer is preapproved for their mortgage before they write an offer to purchase.

If you have any questions please contact us.

Talk to you soon,

Mike and Ceili Yablonsky

The most recent $787 Billion Dollar stimulus package offers a great opportunity, for first time Homebuyer's.  You may qualify for a Tax Credit for up to $8,000. Some lenders are using this as a down payment towards the purchase of your new home.  With FHA and Conventional loan interest rates being less than 6%, this is an opportunity not to pass up.  As with all government tax credits time is limited. If you would like more information please contact us.

Talk to you soon,
Mike and Ceili Yablonsky

Your local REALTOR^® specializing in real estate in the Grand Rapids and West Michigan area, including Rockford, Belding, Byron Center, Walker, Comstock Park, Ada, Forest Hills, Kentwood, Caledonia, Middleville, Hastings, Dorr, Wayland, Hopkins, Wyoming, Grandville, Holland, Jenison, Hudsonville and Allendale areas.

 When you are buying or selling your next home call ~

  Mike  (616) 299-0036   Ceili (616) 293-4669          

Our family helping you with your real estate needs.

or for more information about our services ~ click on the links below.

Buying?                            Relocating?                                   Selling?

TEAM Yablonsky is your BEST resource when you are thinking about buying or selling your home.