First Time Home Buyers

Highlights of the newly revised Housing and Economic Recovery Act of 2008

• Receive a tax credit of up to 10% of the purchase price of your principal residence - not to exceed $8,000.
• Single taxpayers with up to $75,000 modified adjusted gross income or married couples with up to $150,000 qualify for the full $8,000 credit.
• Single or head-of-household taxpayers who earn between $75,000-$90,000 and married couples filing a joint return who earn between $150,000-$170,000 are eligible for partial credit.*
• Available for homes purchased on or after Jan. 1, 2009 through Dec. 1, 2009.
• Homebuyers may elect to apply their tax credit against their 2008 or 2009 returns.
• For newly constructed homes, eligibility is determined by settlement date.
• Single family, townhouses and condominiums qualify.
• Home buyers may not have owned a home in the past three years.
• Must be a U.S. Citizen who files taxes to qualify.**
• Tax credit does not need be repaid unless the residence is sold or no longer the principal residence within 36 months.

*Consult a tax or legal advisor for more information.
** Some homebuyers who are not citizens may also qualify. See details of HR 3221 for specifics.
*** These revisions were done on March, 2009

Purchasing a Home

Whether you are a first time homebuyer, or a seasoned home-owner, odds are that you are about to make the single largest and most important personal financial decision of your life. Prompt approvals and quick closings are not just important, they are critical. That is why Ivy League Mortgage is your best choice for a lender. As a direct lender, Ivy brings years of experience, the latest technology and streamlined operations together to provide you with accurate answers when you need them. The home buying process may seem intimidating but at Ivy we strive to make getting a mortgage as simple as possible.

First Time Home Buyers Ivy League Mortgage of Bethlehem Pa, offers a wide variety of mortgage programs specially designed to overcome many of the obstacles that often keep you from buying a home. Based on your individual circumstances, our mortgage professionals will help you decide on which loan program suits your needs. Our use of the Automated Underwriting system makes it possible for us to get you fast answers, including pre-approvals.

Seasoned Home Owners

Whether you are looking to move into a larger home, purchase a second home, or are in your golden years looking to simplify your lifestyle, Ivy League Mortgage has a loan program to suit your needs.

Ivy League Mortgage - Lehigh Valley
22 W Broad St
Bethlehem, Pa  18018