Brad Garbutt

REALTOR®, Associate Broker

Since 1983, I have helped thousands of families and individuals buy and sell homes in Redding/Shasta County. The only thing that exceeds my experience is my commitment to you because whether you're buying or selling a home, your satisfaction is my number one goal. My commitment to you includes implementing the latest real estate technology and resources to effectively market and sell your property. When you're ready to buy or sell a home and you want exceptional service, call me!

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Realtors Publish Home Financing Guide For Buyers

FHA LOANS, HOME LOANS, INDUSTRY NEWS, TIPS FOR BUYERS
September 11th, 2009

Jim-Liptak-CAR President

Jim-Liptak-CAR President

The California Association of Realtors recently published a guide aimed at informing buyers of the variety of financing options available today. Jim Liptak, President of the California Association of Realtors, wants interested home buyers to check out this new guide. The guide also helps prospective home buyers conduct a rent vs. buy analysis, details state and federal tax credits, and downpayment assistance programs.

The following link will take you to a pdf of the guide: http://www.car.org/tools/smart/clients/Financing_Programs_Guide_v21.pdfur

Be sure to contact your local real estate professional for information regarding other loan programs in use in this area. For example, Redding, Anderson, Shasta Lake and Shasta County all have downpayment assistance programs. Some are out of money and others have allocated their available funds. Some of these programs are hoping to replenish their funds later this year or early next year.

USDA loans are popular for buyers purchasing outside the city limits of Redding. This is one of the only 100% loan programs available besides eligible veterans using a VA loan. FHA loans are also quite popular today because of the low downpayment requirements and more liberal credit and underwriting standards.

Time is running out to take advantage of the federal tax credit which expires in November. Buyers hoping to take advantage of this program need to buy a home this month to allow time for escrow to close before the loan program expires. There is talk that the tax credit program may be extended and possibly expanded but nothing has been passed yet. Check back for updates.

Contact me if I can be of assistance:

bradgreps@yahoo.com

530-224-6767 or 530-941-7492

BRAD GARBUTT

REALTOR/BROKER ASSOCIATE

REAL ESTATE PROFESSIONALS GMAC

CORNER OF COURT AND PLACER IN REDDING

QUARTER CENTURY LOCAL REAL ESTATE EXPERIENCE

This entry was posted on Friday, September 11th, 2009 at 10:09 am and is filed under FHA LOANS, HOME LOANS, INDUSTRY NEWS, TIPS FOR BUYERS. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

  1. Outlet ralph lauren said at April 19th, 2012 at 3:40 am

    before the loan program expires. There is talk that the tax credit program may be extended and possibly expanded but nothing has been passed yet. Check back for updates.

    Contact me if I can be of assistance:

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