Tim Houk

100% financing is no longer available , inside the city limits, but this is close enough! While it is not immediately available, it is coming very soon.  The eight thousand dollar tax credit can be applied to down payment.  Keep in mind that when using this money, you have to stay in the home for at least three years.

From www.REALTOR.org

WASHINGTON, May 12, 2009
Shaun Donovan, secretary of the U.S. Department of Housing and Urban Development, said that the
Federal Housing Administration is going to permit its lenders to allow homeowners to use the $8,000 tax credit as a downpayment.
Donovan’s remarks came in an address to several thousand Realtors® gathered this morning at The Real Estate Summit: Advancing the U.S. Economy, a special daylong session at the Realtors® Midyear Legislative Meetings & Trade Expo here.
Secretary Donovan said that important changes, which the National Association of Realtors® has been calling for, will help consumers purchase a home. “We all want to enable FHA consumers to access the home buyer tax credit funds when they close on their home loans so that the cash can be used as a downpayment,” Donovan said. According to Donovan, the FHA’s approved lenders will be permitted to “monetize” the tax credit through short-term bridge loans. This will allow eligible home buyers to access the funds immediately at the closing table.

Here is a summary of the Tax credit

Let me start off by saying…I am busy.  Not that I don’t have my fair share of people that are buying their second or third homes. Its first timers that are a majority of my clientele. While the baton rouge real estate market is vastly different thatelsewhere, here is a very interesting article that was on msnbc.
One part that struck my interest : “First-time buyers like Kalaitzidis are dominating the real estate market right now. They snapped up 53 percent of all properties sold during March 2009, up from the usual 40 percent or less, according to data from the National Association of Realtors.”

Wow!  now thats amazing

I have reduced the listing price on my condo to 125,000.00.  This unit is conventiently tucked away off of S. Harrells ferry road and sherwood forest.  FULLY FURNISHED. Seller willing to pay some closing cost with a decent offer. This is a corner unit. 1250 sq ft of living area.  Large closets, fireplace in the living room.