What a great time to buy!!
Credit eligible borrowers may now qualify for $14,000 in repair and/or down payment assistance through participating lenders to buy and rehab a FORECLOSED home in the state of Georgia (some income, credit limitations may apply)। Buyers can purchase and renovate a single family homes, townhomes and condos all priced up to FHA allowed। On top of the first time home buyer's $8,000 federal tax credit, all borrowers pay back this zero-interest second mortgage only when the property is sold, refinanced or is no longer used as primary residence. It is forgivable after about five and half years.
