NJ First-Time Home Buyers


Tax Credit Loan Program: The "Prefund" Program

Tax Credit Loan Program

The "Prefund" Program

Looking for a way to use the $8,000 tax credit NOW to buy a home?

  Need help with a down payment?

Steve Kappre - Helping you make "cents" of it allTreasury Mortgage is at the forefront offering a "prefund" program to qualified home buyers, allowing them to purchase a home NOW utilizing the government's tax credit program. If a buyer is eligible for the First-Time Home Buyer Tax Credit, than they may also qualify to utilize that same tax credit money NOW for the required down payment needed to buy their first home.

In a nutshell, you are given a short term loan for the tax credit money, and you pay it back after you get your tax credit next tax season. It is a simple concept. And since the prefund amount is $5,000, you may also have tax credit money left over for whatever you like.

Call Steve Kappre today to gather more information and to get pre-approved for this program for First-Time Home Buyers. (Those not owning a home in the last 3 years).


Steve Kappre

Treasury Mortgage - A Division of Aurora Financial Group


856-419-3561 - cell

856-355-4760 - efax




Comment balloon 12 commentsStephen Kappre • April 28 2009 09:39PM


Hey Steve,  I'll RT that on Twitter.  Good to know - what is the rate on the short term loan?



Posted by Paul Howard, Paul Howard Realty, 856-488-8444 (Paul Howard, Broker, Paul Howard Realty 856-488-8444) over 11 years ago

Rate is 0% if paid back within the period when you recieve the tax refund. If longer, than you have to pay the same rate as your first mortgage.

Posted by Stephen Kappre, Helping You Home (KW Hometown) over 11 years ago

There are so many great opportunities for 1st time home buyers it is amazing. We have seen a large increase in the 1st time buyer market here in Mass.

Posted by Bill Gassett, Metrowest Massachusetts Real Estate (RE/MAX Executive Realty) over 11 years ago

Steve - That is a great program for 1st time buyers.  Like Bill said, 1st time buyers have a lot of opportunity right now, probably more than ever before !  They should all get off the fence and "Buy Buy Buy" !


Posted by The Somers Team, Delivering Real Estate Happiness (The Somers Team at KW Philadelphia) over 11 years ago

Very Interesting Steve.  Great info to have.

Posted by Paddy (Patricia) Pizappi, Real Estate Associate Broker Hudson Valley NY (Better Homes and Gardens Rand Realty) over 11 years ago

First-Time buyers do have a great deal of options in this market. Many of you that commented are in different states ... I would be interested to know if your area is offering similar programs.

Posted by Stephen Kappre, Helping You Home (KW Hometown) over 11 years ago

Hi Steve: One important point.  YOU DO NOT have to wait until next tax season.  You simply file a 2008 1040X which is an amended 2008 1040.  You include your credit on line 69 and file it - then you get your money right away!


Posted by Matt Listro, Your Credit Repair Expert (National Credit Fixers - Matt Listro) over 11 years ago

Matt - this is true, and I have forwarded the same info to my pertinent clients. Some of them even had to advise their tax accountant on this (?). The program above though is to get up to a $5,000 upfront amount to use for downpayment and/or closing costs to purchase the home in the first place.

Posted by Stephen Kappre, Helping You Home (KW Hometown) over 11 years ago

Having read it now, I apologize for not seeing it sooner, but in my defense, it was set up as a program that you were offering, and not as a generic read for a state wide program. Nevertheless being ahead of the pack is not a bad thing.

Posted by Ed Silva, Central CT Real Estate Broker Serving all equally (Mapleridge Realty, CT 203-206-0754 ) over 11 years ago

Ed - No apologies needed whatsoever. I'm only doing NJ and PA. If by chance I find one in another state (CT), I'll try and remember your information to send them to you. Thanks for stopping by!

Posted by Stephen Kappre, Helping You Home (KW Hometown) over 11 years ago

Great information Steve !  How does a consumer go about qualifying for this prefunded tax loan ?

Posted by Steve McDonald over 11 years ago

Steve - One would have to be approved with a qualifying lender, that is a lender offering this option. Guidelines are the same as the rest of the mortgage finance agency options, that is namely FHA, VA, or conventional guidelines depending on what option you choose.

Posted by Stephen Kappre, Helping You Home (KW Hometown) over 11 years ago

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