BRAND NEW Incentives in OHIO to Buy a Home--FREE $$$

Hello,

Please pass this along to any people you may know who might be considering buying a home.

The Government just rolled out another incentive to purchase. It is for a limited time, but it is incredible!!

Here are the highlights.....I can explain further if you email me.

---Down Payment assistance grant--

If paying for a down payment and closing costs have kept you from getting into a home of your own, OHFA's Down Payment Assistance Grant may be able to help. Eligible borrowers participating in the First-Time Homebuyer Program, Target Area Loan Program, and Ohio Heroes Program can use the grant to greatly reduce the out-of-pocket expenses associated with buying a home.

• If you qualify for one of OHFA's home loan programs, you can choose to take advantage of the Down Payment Assistance Grant.
• OHFA will issue a grant in an amount up to 2.5% of your home's purchase price.
  You can use the grant to pay for the down payment, closing costs, or other prepaid expenses incurred prior to closing. Keep in mind that while the grant will greatly reduce your expenses, you may still be required to pay for some costs out of pocket.

Here is the BRAND NEW additional help being provided by the State of Ohio as well:

--homebuyer tax credit advantage program --

Let OHFA help you with down payment and closing costs through the Homebuyer Tax Credit Advantage Program featuring no interest and no loan payments until August 2010. Eligible borrowers participating in the First-Time Homebuyer Program or Ohio Heroes Program can use the loan to greatly reduce the out-of-pocket expenses associated with buying a home.
If you qualify for one of OHFA's home loan programs, you can choose to take advantage of the Homebuyer Tax Credit Advantage Program.

• OHFA will issue a loan, as a second mortgage, up to 3% of the purchase price of the home.
  You can use the loan to pay for the down payment, closing costs, or other prepaid expenses incurred prior to closing. Keep in mind that while the loan will greatly reduce your expenses, you may still be required to pay for some costs if they are not covered by the loan.
• If you take advantage of the loan, your second mortgage interest rate will be fixed at 1% higher than OHFA's current mortgage rates and you will begin paying August 1, 2010.
• You may be eligible for a new federal First-Time Homebuyer Tax Credit of up to $8,000.
• You may claim the credit either on your 2008 federal tax return, due April 15, 2009, or on your 2009 tax return filed in 2010. More information about the First-Time Homebuyer Tax Credit is available from the IRS web site.
• Incentives are available if you choose to prepay the Homebuyer Tax Credit Advantage loan by June 30, 2010. Otherwise, your mortgage payment will increase slightly due to the added second mortgage loan payment.

These two programs essentially bring back the $0 down loan program for many buyers.

Contact me to see if you or someone you know qualifies. It is quite simple. Don't miss out!!

Deadline is in 6 months......the clock is ticking to claim one of the biggest incentives to buy a home ever put on by the US Government and The State of Ohio Government.