Waiting a few extra days or weeks to purchase a home this spring could cost buyers thousands of extra dollars as the office of Housing and Urban Development (HUD) implements several changes for loans guaranteed by the Federal Housing Authority (FHA).

WASHINGTON - Federal Housing Administration (FHA) Commissioner David Stevens today announced a set of policy changes to strengthen the FHA's capital reserves, while enabling the agency to continue to fulfill its mission to provide access to homeownership for underserved communities. The changes announced today are the latest in a series of changes Stevens has enacted in order to better position the FHA to manage its risk while continuing to support the nation's housing market recovery.

People who want to purchase a new home in Chesterfield look at all the options before buying. They check out new subdivisions, they check out, already built homes that they figure might peak there intrest. What normally happens is they think, "If only I could have the features from the new construction house with the convience of the location of the older subdivisions, that would be perfect"

Having spent all 31 years of my life in the "show me" state, I have, like most, made new years goals only to watch them slip away a few weeks later. Thanks to a strong support group and a hands on Real Estate Broker, my 2010 goal is to "show me" better yet "show myself" that by putting in the hours, I can reach my monetary 2010 goals. I have the advantage that I love the art of the deal and I would go to open houses for fun, even before getting my real estate license. They say "If you do what you love, then you really never work."

Yes that’s right! There is more free money out there if you are buying a house.

MHDC is going to meet this Friday, December 18, to approve a new tax incentive for home buyers in 2010. As of now this is how the property tax credit to work.

-    One of the only loan types where you can assume or "take over" the loan from the current owner

-    Two main purposes of assumable loans

1.) To keep the same interest rate that the current owner has

2.) To Speed up the sales process, and make a more attractive sale

By Jim Abrams, Associated Press Writer
On 6:56 pm EST, Friday November 6, 2009

Posted to HermannLondon.com by Realtor Laura Breitenstein, Laura@HermannLondon.com

WASHINGTON (AP) -- President Barack Obama signed a $24 billion economic stimulus bill into law Friday, giving tax incentives to prospective homebuyers and additional jobless benefits to those idled by the business slump.

AP - White House Press Secretary Robert Gibbs speaks during the daily briefing at the White House in Washington, Friday, ...