FHA Mortgage Rates Low Along with First Time Home Buyers Tax Credit

Posted on | February 12, 2010 | 1 Comment

FHA mortgage rates being low along with the first time home buyers tax credit makes it very alluring for new home buyers to get in the housing market.  If you have been thinking about buying a home there are many great reasons to get started today.  One of the most important reasons is that FHA mortgage rates are very low at the present time.  Some first time home buyers are being quoted at FHA mortgage rates below 5%.


Along with FHA mortgage rates being low there is an opportunity for you to take advantage of the first time home buyers tax credit.  This tax credit will allow you to receive a check for $8000 which can be used for anything you desire.  This is basically cutting $8000 off the price of your home which leads to another reason to buy a new home in 2010.  Home prices are extremely low compared to years past.

There is little argument that homes have come off their all time low but they are still much lower then they were in 2006 and prior.  You might be able to get a home that sold for $250,000 in 2006 at under $140,000 today.  Make sure to do your research and find out what kind of deals are available in your area.  With FHA mortgage rates being low, the first time home buyer tax credit available and home prices low now is a great time to get in the housing market.

Author: Jesse Wojdylo

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