NJ First Time Home Buyer Tax Prefund Program
The NJ First Time Home Buyer Tax Prefund Program has been a great option for New Jersey buyers needing down payment assistance programs. The program allows $5,000 of the $8,000 first time home buyer tax credit to be used towards your down payment and/or closing costs.
For buyers in the price range up to $142,000, the $5,000 can be used to cover the full down payment requirement for an FHA loan. When this is an option, a home buyer can also have the seller pay some or all of the closing costs. This is a great option for first time buyers because it lets them keep more money in the bank - something everyone homeowner needs!
The NJ Tax Prefund program will only be available while the first time home buyer tax credit is available, which means that both are gone in the coming weeks! To receive the first time buyer tax credit (and prefund option) a buyer must be under contract by April 30th and settle by June 30th.
If you need assistance, DO NOT delay. These loans typicially take about 45 days to close. Call today to get pre-approved for this option.
Steve Kappre is a mortgage loan officer in New Jersey. For more info or questions feel free to contact Steve.
- NJ First Time Home Buyer
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Call direct @ 856-419-3561 | Subscribe to Steve's blog via e-mail
Treasury Mortgage - 550 Bridgeton Pike, Mantua, NJ 08051 - 1810 Springdale Road, Cherry Hill, NJ 08003
Licensed by the NJ Department of Banking and Insurance
Thanks for sharing Steve!
Thanks for sharing Steve!
Thanks for sharing Steve!
There it is !!
I knew you would do a great job with a post about the prefund pgm !
Welcome back :o)
This is a great program! Can't wait to close on another one! Signed contracts today for Rosario!
Thanks everyone. Get it while it is HOT - because it will be gone forever in a few weeks!