Change is coming to FHA

Buyer Beware!  I mean the first time buyer. There has never been a better time to buy than right now! I say this because it is only a matter of time before FHA reduces the maximum sellers assist from 6% to 3%.  They also want to increase the minimum down payment from 3.5% to 5%. The $8000 tax credit will expire later this year, you must settle by June 30.  For full details on that go to PrudentialPremier.com and look under Buyer/Tax Credits.

First time buyers can buy a $100,000 house for only $3500 out of pocket and still get $8000 back after closing.  This is a great deal soon to go away. Make your move now while rates are still low.

I have two excellent homes for first time buyers:
1011 Clifton Ave in Collingdale for $84,900.  This a three bedroom home in move in condition.

601 Colwyn Avenue in Darby for $59,900.  This is a super clean 2BR brick end row with a fenced yard.

Both of these could be purchased (with maximum sellers assist) for less than $3000 out of pocket AND you can still get $8000 back from Uncle Sam.

Make your move today. For more information contact me at 267-226-4267

Wes Gerstenkorn
PrudentialPremier.com
wesgerstenkorn@prodigy.net

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