NJ First-Time Home Buyers

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NJ First Time Home Buyer Tax Prefund Program

NJ First Time Home Buyer Tax Prefund Program

The NJ First Time Home Buyer Tax Prefund Program has been a great option for New Jersey buyers needing down payment assistance programs. The program allows $5,000 of the $8,000 first time home buyer tax credit to be used towards your down payment and/or closing costs.

First Time Home Buyer SavingsFor buyers in the price range up to $142,000, the $5,000 can be used to cover the full down payment requirement for an FHA loan. When this is an option, a home buyer can also have the seller pay some or all of the closing costs. This is a great option for first time buyers because it lets them keep more money in the bank - something everyone homeowner needs!

The NJ Tax Prefund program will only be available while the first time home buyer tax credit is available, which means that both are gone in the coming weeks! To receive the first time buyer tax credit (and prefund option) a buyer must be under contract by April 30th and settle by June 30th.

If you need assistance, DO NOT delay. These loans typicially take about 45 days to close. Call today to get pre-approved for this option.

 

Steve Kappre is a mortgage loan officer in New Jersey. For more info or questions feel free to contact Steve.

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Call direct @ 856-419-3561 | Subscribe to Steve's blog via e-mail

 

Comment balloon 6 commentsStephen Kappre • March 04 2010 08:52PM

Comments

Thanks for sharing Steve!

Posted by Wayne and Lynda Gomillion (Real Living Hagan Realtors | Pinehurst ~ Southern Pines, NC) over 8 years ago

Thanks for sharing Steve!

Posted by Wayne and Lynda Gomillion (Real Living Hagan Realtors | Pinehurst ~ Southern Pines, NC) over 8 years ago

Thanks for sharing Steve!

Posted by Wayne and Lynda Gomillion (Real Living Hagan Realtors | Pinehurst ~ Southern Pines, NC) over 8 years ago

There it is !!

I knew you would do a great job with a post about the prefund pgm !

Welcome back :o)

Posted by Sheldon Neal, That British Agent Bergen County NJ (Bergen County, NJ - RE/MAX Real Estate Limited) over 8 years ago

This is a great program!  Can't wait to close on another one!  Signed contracts today for Rosario! 

Posted by Bridget Cella, e-Pro, Realtor (Re/Max Connection) over 8 years ago

Thanks everyone. Get it while it is HOT - because it will be gone forever in a few weeks!

Posted by Stephen Kappre, Helping You Home (KW Hometown) over 8 years ago

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