There are many people sitting on the sidelines trying to decide if they should purchase a home or sign a rental lease. Some might wonder if it makes sense to purchase a house before they are married and have a family. Others may think they are too young. And still others might think their current income would never enable them to qualify for a mortgage. We want to share what the typical first-time homebuyer actually looks like based on the National Association of REALTORS most recent Profile of Home Buyers & Sellers. Here are some interesting revelations on the first time buyer:

Bottom Line

You may not be much different than many people who have already purchased their first home. Meet with a local real estate professional today who can help determine if your dream home is within your grasp.

Access Teri’s one-stop Orlando FL home search website.

Teri Isner is the team leader of Orlando Avenue Top Team and has been a Realtor for over 24 years. Teri has distinguished herself as a leader in the Orlando FL real estate market. Teri assists buyers looking for Orlando FL real estate for sale and aggressively markets Orlando FL homes for sale.

You deserve professional real estate service! You obtain the best results with Teri Isner plus you benefit from her marketing skills, experience and ability to network with other REALTORS®. Your job gets done pleasantly and efficiently.  You are able to make important decisions easily with fast, accurate information from Teri. The Orlando Avenue Top Team handles the details and follow-up that are important to the success of your transaction.

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It is true; the First Time Home Buyer Tax Credit of up to $8,000 has been extended until April 30, 2010. This grant is for people purchasing a home for the first time. An additional grant of up to $6,500 is available to current homeowners purchasing a home between November 7, 2009 and April 30, 2010.

First time homeowners must purchase a home between November 7, 2009 and April 30, 2010. Current homeowners purchasing a home in this same period must have lived in the home they are selling for five consecutive years.

A first time home buyer is qualified if he/she or his/her spouse have not owned a home three years prior the purchase of a new home.

The Extended Home Buyer Tax Credit applies to residences including single-family homes, townhomes, condominiums, and co-ops.  The credit is based on the price of the home being purchased ($800,000 or under) and the buyer’s income (up to $125,000 for singles, and $225,000 for married couples to receive the full tax credit).

Give me a call today for more information on the Extended Home Buyer Tax Credit and learn how it can help your buy your Orlando home

You can check out the latest HUD home repair and rehabilitation programs available. You might qualify a mortgage to cover the cost of rehabbing a property as well as buying it. Talk to me or call your City Community Development Block Grant Program Coordinator.

There is no better Orlando Valentine than a new home. You will want to check out this lakefront home in Ocoee on an acre with its own dock and sandy beach. It is a great price and perfect for a rehabilitation loan.

Search other Orlando homes for sale for your Orlando Valentine.