The $8,000 First Time Homebuyer Tax Credit available through the American Recovery and Reinvestment Act of 2009 is good for qualified first-time buyers who purchase a principal residence between January 1, 2009 and December 1, 2009 – which means time is quickly running out to take advantage of this incredible government incentive.

As the beginning of August rapidly approaches, potential first-time buyers are left with only four months to find their dream home in Idaho real estate. Closings are usually scheduled thirty days in advance, and unforeseen circumstances can cause additional delays. If you’re even considering making your move to become an Idaho home owner, the time to act is now.

Even with an abundance of Idaho real estate currently available, it may take time to locate the home of your dreams. Your agent will work proactively to show you available homes that meet your specifications, but you may need to look at several properties before finding “the one”.

Your first step is to contact an approved IHA lender who can help you determine the best lending opportunities for your unique situation. IHFA is offering several great programs right now, especially for first-time homebuyers, such as the ability to take out a Tax Credit 2^nd Loan to finance your down payment – which you’ll need to use your tax refund to pay off, but it’s a great way to get access to those needed funds now.

Call an approved Idaho lender today for a pre-qualification consultation to find out what you may be able to afford. That will help your agent start out on the right path, identifying homes within your budget that meet your needs.

Image Copyright Matt McGee on Flickr Creative Commons