My New Blog

With the restrictions to loans, loan limits, down payments and a variety of other changes combined with a declining market, there has been some difficulty for first time home buyers to buy homes (along with the rest of the market).  While the new program doesn't focus on all home buyers which provides an $8,000 tax credit to first time home buyers (which is more than a tax credit it could be a refund - read the page on our website), the incentive will help buyers at the end of the day. 

This is such a big announcement because is impacts not only first time home buyers, but many homeowners.  The market has been slow but the market is ripe if you are purchasing a new property.  There really hasn't been a better time to buy with low prices, low rates, incentives and now a new FHA loan limit which also has an impact on all of us.

There were new restrictions last year which caused the market to tighten.  One of those restrictions was the change to FHA Loan Limits.  Just this week the limits for Utah and the rest of the country were reversed to 2008 Loan Limits for FHA loans.  An example is Utah County is now over $323,000.  FHA Loans offer incredible opportunities to purchase a home.  If you want to purchase a home, then an FHA Loan may be the best way to go.  Talk to our partner, Corey Shelley, over at First Colony Mortgage for additional details - his phone number is 801-787-1380.  You will be glad you did.

We are here to help you buy or sell property.  If you are buying, there are great deals out there for you.  We will send you a list and let's start looking.  Have a great March (which is just around the corner and hopefully along with spring). 

Kellie Little  Owner, CapStone Real Estate