$8000 Funding for First Time Home buyers!

$8,000  First Time Home Buyers Tax Credit can now be used to fund closing costs!

This is BIG! Generally Mondays are all about paper work, catching up on some emails and getting prepared for the rest of the week.

Today, while finishing up my Monday work, I received a call from Jody Williams  at Wells Fargo.  Jody had some great news.  Wells Fargo is now making it possible for qualified home buyers to purchase a home with the First Time Home Buyers Tax Credit.

As Jody explained the program, Wells Fargo will give the home buyer two loans, both at the same interest rates. 
The second loan of $8,000 would be interest free fixed rate loan with no payments for first 12 months.
The home buyer has to apply for the federal tax credit, and upon receipt he has the option to pay all of , or a part of the second loan.

To see if you qualify, or would like to learn more, contact me regarding this great program!  Remember, the First Time Home Buyers tax credit expires in November 2009.

Sean Schroeder
Realtor, The Real Estate- XChange
517 Baylor Ct., Chesapeake, VA 23320
(757)839-3954