Filed under: Tucson Loans | Tags: arizona, az, az mortgage, first time home buyer, Tucson Loans, usda, zero down
The $8000 First Time Home Buyer Tax Credit is set to expire soon and is available for Rural USDA Loans. The deadline to fund your home is November 30th. That isn’t even 60 days from today to qualify for the Home Buyer’s Tax Credit.
The average AZ Mortgage is taking 35-45 days to close.
The home search takes about 2 weeks minimum… right?
Here are some things you need to know about qualifying for the $8000 First Time Home Buyer Tax Credit with your Rural USDA Loan:
- The Home Buyer’s Tax Credit is for the First Time Home Buyer only. If you have owned a home within the last 36 months, you are not a First Time Home Buyer.
- The Home Buyer’s Tax Credit has income limits. $95,000 for single filers and $170,000 for joint filers.
- The amount of the $8000 First Time Home Buyer Tax Credit is the lesser of $8,000 or 10% of the purchase price.
- The purchase must be an arms length transaction, meaning that the buyer and seller cannot be related.
Here is an enlightening and entertaining video on the $8000 First Time Home Buyer Tax Credit that my colleague from Portland Oregon, Dustin Hughes at Northwest Mortgage Advisors, put together. Please watch and leave a comment!
To find out how much USDA Rural Home Loan you qualify for today, click on the Get Started tab above or click here.
Apply online for a Rural USDA Tucson Loans and get pre-qualified today.
Filed under: Tucson Loans | Tags: az mortgage, rural development usda, rural usda, Tucson Loans, usda home loans
The Rural USDA AZ Mortgage – How to find Tucson property that qualifies
How do you know if the real estate you are looking at in Tucson AZ, qualifies for the now popular Rural Development USDA Tucson Loans? Let’s take a look at a few ways to find out if the AZ Mortgage for the property you’re looking at qualifies as Rural USDA.
There are three ways to see if the property you are looking at qualifies for the Rural USDA AZ Mortgage.
- Download the Tucson Loans Rural USDA map. It has street names and boundaries marked so it will make determining what qualifies for the Rural USDA AZ Mortgage a snap. Download the map right here off my website under the Maps tab.
- Still not sure if the Tucson real estate you are looking at qualifies for Rural Development USDA…
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Read the full story at USDARuralHomeLoans.com
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Paul Dunn Tucson’s #1 FHA Mortgage Loan Originator
Arizona USDA Rural Home Loans
Apply online for a USDA Rural Guaranteed Home Loan and get pre-qualified today.
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