My Blog... Real Estate comments by Steve Swanson

Previous posts have detailed the Washington State Legislature’s efforts to get the Fed’s $8,000 first time home buyer credit available for use as a home buyer’s down payment at closing. Washington’s Governor Gregoire has signed the legislation that allows the Washington State Housing Finance Commission to make the funds available, however the program’s implementation has stalled at the [...]

Included in the budget passed by the Washington State Legislature is a $25 million dollar fund to implement a Tax Credit Advance Loan Program for First Time Home Buyers.  (The definition of a First Time Home Buyer is basically if you have not owned a home in the past Three years.) Introduced by Washington State Treasurer James [...]

Hot off the Press is news from the Washington State Legislature provided to me by Georgette Ballard, Sr Loan Officer with PrimeLending.  This budget provision would help First Time Home Buyers with their down payment thus helping home sellers getting their house sold.  If signed by Governor Gregoire, this would be the first program of it’s kind in the country.  When the Legislature [...]