Frankln Home Listings

If you are a first time home buyer or have not owned a home within the last three years you may qualify to take advantage of the "Great Start"  First Time Home Buyers Program offered through the Tennessee Housing Development Association Also Known as the THDA.

The way the program works is simple. As long as you meet income and credit qualifications and the home meets eligibility requirements then you may qualify for a gift program offered through the THDA which can pay up to 4% down on you home purchase. This is the only loan program offering home buyers 100% financing. The loan is essentially an FHA or Rural home loan that has been funded by the state of tennessee as an incentive to encourage home ownership to young and lower income households. If you would like to get complete details or have questions about weather you qualify. Please give us a call at 615-810-1152 or go online to www.FranklinHomeSalesTeam.com to request a client consultation.

At The Franklin Home Sales Team we represent First Time home buyers free of charge and ensure your best interests are protected throughout the home purchase process.

While all of us in the real estate industry were hoping for  more incentives to be offered to home buyers in the massive spending and stimulus bill that passed the senate this week we did get one thing. If nothing else, the once Temporay $7,500 Tax Credit that was offer in last year housing rescue bill has now been increased to an $8,000 tax credit and does not have to be repaid. Yeah! First Time Home buyers should find this useful in off setting things like closing costs and down payments.

So let's bring this down our level... Buy a home / condo you purchase in Franklin, Spring Hill, Nashville or Brentwood Tennessee under $125,000 would mean when you file your taxes next year you would for all intensive purposes see all that money come back as a TAX CREDIT! Keep in mind this only affects first time home buyers.

We are expecting January's Stats inby Monday. However, By all accounts January appears to have some promising data for us. For the past few month's we have anticipatesd that 2009 would be our turn around year for Brentwood and Franklin TN home sales.

When you combine Lower interest rates (hovering just above 5% for 30 year fixed rate loans) with more affordable housing prices we should see an increase in market activity.

If you are considering buying or selling your home this year now is going to be a great time to jump into the market. As demand starts to rise. To schedule a confidential client consultation call or email us today.

This mornings bond market opens down 8/32 which is expected to push mortgage rates higher aproximately .125 to .250 higher than Wednesday's revised rates. For the buyer this should translate to a rise of .500 of a discount point Wednesday morning's rates.

With forth the quarter GDP report due out tomorrow most analysts are expecting a significant drop of 5.4% which will be the largest drop in 26 years.

So here's the botttom line: For buyers expecting to close a loan within the next 7 days it may be wise to go ahead and lock your rate. if you are planning to close a loan more the 8 days out consider floating the rate.