Angela May's Omaha Nebraska Real Estate Blog: Rates, FHA Changes & $7500 Tax Credit for 2009

Angela May's Omaha and Offutt AFB Real Estate Update Blog

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Friday, December 26, 2008

Rates, FHA Changes & $7500 Tax Credit for 2009

The lending world has been ever changing in 2008, and many more changes are in store for 2009. Here's a brief summary of what you can expect. It's still a FANTASTIC time to purchase a home, and The Husker Home Finder Team would love to help! Click here to search the entire MLS and begin looking for your new Dream Home!


It's been a great year for buyers, and it still hasn't stopped! The rates are phenominal, and may not get any better than this! In fact, if you financed at a percentage point higher (or more) & plan to be in your home at least another 3 years, it may be worth your while to refinance - we have some great lenders to weigh your options!

Although they change literally by the second, rates (as of today) are in the high 4's for conventional loans, and low 5's for FHA & VA loans, WOW!! Email or call our team anytime for current rates!


Currently the down payment for FHA is 3%, however, any contracts "pending" after December 31st will have to pay more in '09;

1) Minimum down payment increases to 3.5% as of January 1

2) Upfront Mortgage Insurance Premium 1.75% monthly .55% over 95%

3) New loan limit $271,050

Click Here for more information on FHA & VA changes.


If you closed (or are closing) on a home in 2008, be sure to ask your accountant/tax advisor about the $7,500 tax credit! The credit will be available through early summer in 2009 as well! Click here to learn more...

Please let us know if you have any questions about rates, programs, or refinances - we're happy to answer them and/or refer you to a trusted, experienced lending partner who can further assist you! Click here to visit our website or email Angela at

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Angela May & The Husker Home Finder Team For All Your Moving Moments
NP Dodge Direct: .. (402) 333-5008
16909 Lakeside Hills, Suite 119 Fax: (402) 333-1914
Omaha, NE 68130 Send Email to Angela
NP Dodge, 16909 Lakeside Hills, Suite 119, Omaha, NE 68130

About Angela May's Omaha and Offutt AFB, NE Real Estate Website: The web site provides Omaha, Papillion, Ralston, Lavista, Bellevue, Dundee, Millard, Elkhorn, Gretna, Council Bluffs, Carter Lake and Offutt Air Force Base, Nebraska real estate information and resources to guide homeowners, homebuyers and real estate investors through the process of selling and buying a house, condo or other realty property in the Omaha and Offutt AFB area. Angela May (Sometimes spelled as Angel May, Angel Mae, Angela Mae, Angie May, Angie Mae, Angle May, Angle Mae, Angla May, Angla Mae, Angie May, Angie Mae, Angi Mae, or Angi May) has services to help you get the best value for your Omaha and Offutt AFB home and this website offers home buyers and home sellers a superior comparative market analysis (CMA), a way to view real estate and MLS IDX listings including virtual tours, prepare your home for sale, and more. Investors looking for real estate investment properties to invest in need look no farther. Anyone selling a home, buying a home or seeking housing can learn more about our realty services, and will appreciate working with a  Omaha and Offutt AFB REALTOR who knows  the area so well. Through trusted partners, we also provide real estate and financial services to consumers looking for houses for sale or selling their home in Omaha and Offutt AFB, NE, such as mortgages, credit history, new homes, foreclosures and other services. If you've already tried to go the for sale by owner (FSBO) route and find you are needing a partner who you can trust in the sale of your most precious asset, Angela May can take care of your special needs. It really doesn't matter if you spell it REALTOR, Realator or Realter, realty, realety or reality, real estate or realestate, Angela speaks  your language.
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