Federal Housing Stimulus Program
Now is a great time to create your dream home with Crown Point Builders, Inc. President Obama's sigining of The American Reconvery and reinvestment Act of 2009 has created several opportunities and advantages for new home buyers:
- Up to $8,000 tax credit for first-time home buyers. The law defines a first-time home buyer as anyone who has not owned a home in the last three years.
- Changes to the Federal Housing Authority (FHA) rules increases the maximum loan limits the FHA will insure.
- FHA Loans require only 3.5% down payment.
Please see the fact pages below for more information.
Home Building Basics
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