First Time Buyer’s Tax Credit as Down Payment It was announced last week that the $8,000 tax credit being offered to first time homebuyers can now be used as down payment instead of waiting until you file your taxes next year to collect. On May 12th, Shaun Donovan, secretary of the U.S. Department of Housing and Urban Development announced at the National Association of Realtor’s (NAR) Real Estate Summit that the Federal Housing Administration (FHA) will allow home buyer’s to use their $8,000 tax credit as down payment. For many, this is great news! If you are a first time home buyer qualified to receive the tax credit, you will now be able to use this tax credit as down payment money with FHA insured mortgages. If you are purchasing a home up to $228,500, your entire down payment amount can essentially be paid for under this new plan. Take a look at the video interview with tax economist Robert Dietz, Ph. D., provided by the National Association of Home Builders. Depending on how you structure your home purchase, qualified buyers will actually be able to utilize 100% financing again. 100% financing had been done away with after many homeowners that had defaulted on their mortgages, were unable to sell as they had no equity available to pay off their closing costs and had to ultimately settle for a short sale, foreclosure or bankruptcy. Under the new plan, FHA is allowing approved lenders to make a separate bridge loan that will be paid off when the home buyer files their taxes in 2010. This is where the 100% financing mortgage structures of the past years differ. Once the tax credit has paid off the bridge loan, the home will still have equity. This effort by the United States HUD Department to spur home sales will open doors for many home buyers that are qualified to purchase but do not have the funds available for down payment and closing costs. If you are thinking of buying a home, please call me at 603-821-8268 to schedule a free consultation or visit my website to schedule an online request or to register for the VIP Buyer Program. For more information on buying a home with zero cash and to have the free report mailed to you visit: NH Free Info, or call anytime 24/7 to listen to the free recorded message at 1-800-336-5729 and enter ID# 1025. For more information and frequently asked questions, visit the website for the National Association of Home Builders If you are thinking about buying a home and would like to know more about this program, feel free to contact me at 603-821-8268 OR visit my site at MLS Home Scout Posted by Neal Harrington on May 20, 2009 at 06:26 PM About Neal Harrington I specialize in representing my clients in the purchase and sales of single-family homes and income properties within Southern New Hampshire and Northern Massachusetts. I have been a real estate broker in New England since 1992 and am currently licensed in both New Hampshire and Massachusetts. I continuously update and hone my skills through continuing education and personal research in order to provide quality service to homeowners and future homeowners alike. I am continuously improving my marketing skills and have adopted a strong commitment to service. This has proven to be a successful combination within the real estate community for many years. As an associate Broker with Re/Max Properties, I provide free consultations with all home buyers and sellers I work with in order to determine the best course of action for their needs and to provide a “road map” to carry out that course of action. Call, e-mail or text message me to schedule a consultation in order to determine your next course of action and to provide you with that road map to help you find your way to your next home. As of 07/03/09 the Neal Harrington RePage is ranked at 18 with 2,650 points. The monthly top RePage owner will receive a cash prize. Help this agent by bookmarking this site and posting it to blogs and other Web pages and encourage others to visit.

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69 Bartemus Trail, Nashua NH

Local Information for Nashua, NH

Latitude: 42.751038 -- Longitude: -71.480817

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ZIP Codes for Nashua, New Hampshire	03060  03061  03062  03063  03064
Area Code for Nashua, New Hampshire	603
Time zone for Nashua, New Hampshire	EST

Other Area Cities:   Nashua, NH  Manchester, NH  Amherst, NH  Brookline, NH  Derry, NH  Hollis, NH  Hudson, NH  Londonderry, NH  Milford, NH  Pelham, NH 

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Nashua is a city in Hillsborough County, New Hampshire, USA. As of the 2000 census, Nashua had a total population of 86,605, making it the second largest city in the state after Manchester. As of 2005, the population is estimated to be 87,986.[1]Built around the now-departed textile industry, in recent decades it has been swept up in southern New Hampshire's economic expansion as part of the Boston region. Nashua was twice named "Best Place to Live in America" in annual surveys by Money magazine.[2] It is the only city to get the No. 1 ranking two times—in 1987 and 1997. The median income for a household in the city was $51,969, and the median income for a family was $61,102. Males had a median income of $43,893 versus $29,171 for females. The per capita income for the city was $25,209. About 5.0% of families and 6.8% of the population were below the poverty line, including 8.7% of those under age 18 and 6.4% of those age 65 or over. -- Source: Wikipedia.com