Eighty-three Days!

That's right, eighty three days left. If you want to take advantage of the first time homebuyer tax credit there are 83 days left untill final closing day. The settlement statement for the purchase must be November 30, 2009 or earlier. Remember, unless you are a cash buyer it is going to take an administrative processing time of thirty to forty-five days, for most buyers, depending on what kind of loan financing you hope to obtain. If you are considering the use of a 100 percent financed Rural Development loan then you will need at least 60 days or more of processing time. And, remember, you will need to have a contract of sale in hand in order to apply for the mortgage. It is important as we approach late October that you are already pre approved for a mortgage.



Need more inmformation -- call me, Rod at RE/MAX of Athens, (256) 232-4490.