Monday, June 15, 2009

Need to Find the First-Timers

By now, most people have heard about the "Obama $8000 tax credit." It's real, it's true and it's definitely working. What's not true, at least in South Carolina, is that you can get it in advance to use as a down payment.

But, not to worry. A Columbia-based mortgage company has been awarded $1million in federal grant money to provide 5-to-1 matching funds to first time buyers for their down payments. And guess what? It's NON-REPAYABLE! And they'll match the buyer's funds up to $10,000!

Here's the thing...we need to find the first time buyers who are still huddled down in rental units. Many times we find that renters don't think they qualify, surely this must only apply to other people. Not true in most cases. We just need to find those folks and explain the programs to them so they can learn if this does indeed apply to them.

I'm happy to sit down with anyone to educate them on these incredible opportunities. I just need to locate them. If any of you reading this entry have a friend, relative or co-worker who would like information, please let me know and I'll be happy to contact them.