Whether or not you bought into President Obama's message of hope and "Change We Can Belive In", you'll probably be interested to hear about Missouri's new incentive called HOPE that introduces a change you can cash in on.
Many home buyers understand the great opportunity they've been given to purchase a new home in today's "buyers' market". There are several factors that contribute to making home buying so affordable right now including lower home prices, historically low interest rates and federal tax credits. Now the Missouri Housing Development Commission (MHDC) is offering an up to $1750 property tax incentive for the purchase of a home in 2010. This incentive is available for first-time buyers, as well as, repeat buyers. The MHDC is allocating $15 million towards the program which is available on a first-come, first-served basis until it runs out.
For more information on the program including eligibility and income limitations, please visit their website. You can also find there a pretty helpful list of FAQs.
Posted by Mike Cromie, specializing in St. Louis Real Estate.
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