Zaida Patel, Realtor ----- Blog Website » first time home buyers http://zaidapatel.com DRE # 01426152 ------ Viking Realty Fri, 02 Apr 2010 22:15:11 +0000 http://wordpress.org/?v=2.9.1 en hourly 1 State/National Foreclosure Filing continue to Rise http://zaidapatel.com/2010/01/18/statnational-foreclosure-filing-continue-to-rise/ http://zaidapatel.com/2010/01/18/statnational-foreclosure-filing-continue-to-rise/#comments Mon, 18 Jan 2010 18:12:06 +0000 Zaida Patel /?p=119 Daily Breeze

State and national foreclosure filings continue to rise
Even as the economy and real estate market show signs of stabilizing, foreclosure filings continued to grow in California and nationwide last year.

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]]> http://zaidapatel.com/2010/01/18/statnational-foreclosure-filing-continue-to-rise/feed/ 0 Tax Credit $8000 on FHA Mortgage http://zaidapatel.com/2009/06/05/hud-tax-credit-8000-for-first-time-ho/ http://zaidapatel.com/2009/06/05/hud-tax-credit-8000-for-first-time-ho/#comments Fri, 05 Jun 2009 19:28:01 +0000 Zaida Patel http://zaidapatel.com/?p=83 According to the California Association of Realtors, qualified, first-time home buyers using a Federal Housing Administration (FHA)-insured mortgage now can apply the $8,000 federal tax credit toward their down payments, the U.S. Dept. of Housing and Urban Development (HUD) recently announced.

Currently, borrowers applying for an FHA-insured mortgage are required to issue minimum down payments of 3.5 percent. Buyers still must issue the mandatory 3.5 percent down payment, but the tax credit now can be used as an additional down payment, or for other closing costs, which can help lower principal balances and monthly payments.

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