Real estate and community blog for Mark Gracy Keller Williams Realty. Featuring real estate news, homes for sale, best buys, market trends, school , community information and more. Topsfield, Boxford and the North Shore communities of Boston, Massachusetts
Thursday, November 5, 2009
Congress Passes Homebuyer Tax Credit Extension
Today the United States House of Representatives, by a vote of 430-12, joined the Senate in passing the Unemployment Insurance Bill, which contains the Homebuyer Tax Credit extension and expansion. The bill now goes to the President for his signature, possibly tomorrow
Mark Gracy
Your real estate resource in The Andovers, Merrimack Valley and Southern New Hampshire
Mark Gracy - The Gracy Team
Realtor/Partner
Keller Williams Realty
Office: 978.984.3107 [tel/fax]
Direct: 978.861.4016 [tel/fax]
Email: mark@gracyteam.com
Web: www.GracyTeam.com
Keller Williams Realty 168 N Main St Andover MA 01810
Each office independently owned and operated
Thursday, September 24, 2009
1 Highwoods Dr Methuen at Arrow Woods Estates Methuen For Sale
Mark Gracy
The Gracy Team search for your perfect home right now
Keller Williams Realty
(978) 984-3107
Just Listed 235 Morgan Drive
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Details photos and more visit 235 Morgan Drive online
Saturday, September 12, 2009
1 Highwoods Drive Methuen, Ma 01844
Shared via AddThis
Thursday, July 23, 2009
A night on the town in Andover MA Dinner and Entertainment!
An evening of entertainment and dinner too in Andover, MA
ACT presents: From Stage to Screen at the Indian Ridge Country Club Aug 13-14
for more information visit the ACT website, call the reservation line at (978) 289-4123 or email reservations@actandover.com
Wednesday, July 22, 2009
Monday, July 20, 2009
Resources for Homebuyers Informational Session

Resources for Homebuyers Informational Session
The City of Lawrence Community Development Department is launching a new down payment assistance loan program to help eligible homebuyers with the purchase of a foreclosed and vacant property. As part of the Economic and Housing Recovery Act of 2008, the City of Lawrence has designed a homebuyer assistance model to include financial assistance in down payment, closing costs, up front private mortgage insurance and a buy down option to make the home affordable.
This is a great opportunity for your borrowers to receive a deeper subsidy in the purchase of their home. Please join us at our Resources for Homebuyers informational session offered on:
Wednesday, July 22, 2009
Heritage State Park
3rd Floor Community Room
1 Jackson St.
Lawrence, MA 01841
From 9:30 am to 11:30 am
Please RSVP via email to Caroline Reynolds at: creynolds@cityoflawrence.com or Call 978-620-3537
Mark Gracy - Your real estate resource in the Andovers, Merrimack Valley Massachusetts and Southern New Hampshire
The Gracy Team www.GracyTeam.com Keller Williams Realty
168 N Main Street Andover MA 01810
Main tel & fax (978) 984-3107
Wednesday, July 15, 2009
July 15, 2009 MassHousing and First Time Home Buyer Credit
July 15, 2009 Untitled: "Patrick, MassHousing Monetize First-Time Homebuyer Credit
By Ian B. Murphy
Banker & Tradesman Staff Writer
Today
Gov. Deval Patrick has announced a loan program through MassHousing allowing first-time homebuyers to monetize and use an $8,000 federal tax credit as a funding source toward the closing costs of their new home.
The principal and interest payments for the loan will be deferred until June 1, 2010, to allow first-time homebuyers to pay back MassHousing with their federal tax credit. If loans aren't paid by the June deadline, they will be amortized for 10 years at the rate of their original mortgage.
Gary Rogers, president of the Massachusetts Association of Realtors (MAR), said not paying back the loan with money saved from the tax credit is still a decent option.'If that's what the homebuyer opts to do, that's still an excellent program; usually second mortgages have much higher rates,' Rogers told Banker & Tradesman.
The loans will be available only to homebuyers with MassHousing mortgages, through MassHousing-approved lenders. To be eligible, loan participants must use the home purchased through the program as their primary residence for at least three years, and must purchase a one, two, three or four-family home from a seller unrelated to the buyer by Nov. 30.
'These loans will both help prospective homebuyers achieve the comfort and stability of homeownership for their families, and also stimulate the commonwealth's economy through increased home sales, while reviving neighborhoods impacted by foreclosure,' Patrick said in a statement.
This is the first program of its type in Massachusetts, according to Rogers, but there have been other variations of the same theme in other states. MAR worked with Patrick, Lt. Gov. Timothy Murray, and MassHousing to bring the program to fruition. 'It's a partnership; we're right there with them, and we'll be making sure that our Realtors inform the people who this is aimed for, and that they know about the program,' Rogers said.
'The Tax Credit Loan will be of great benefit to homebuyers, Realtors and MassHousing-approved lenders, and we applaud the Patrick-Murray administration for its leadership in promoting affordable homeownership opportunities in Massachusetts,' said MassHousing Executive Director Thomas R. Gleason.
Mark Gracy
The Gracy Team
Your real estate resource in the Andovers, North Shore, Merrimack Valley and Southern New Hampshire
Preview 1000’s of homes available right now on-line at http://www.GracyTeam.com
(978) 984-3107
Email to: Mark@gracyteam.com "
Tuesday, July 14, 2009
New timelines for mortgages
HERA and HVCC - background information
In 2008, the Home Ownership and Equity Protection Act (HOEPA) and the Housing and Economic Recovery Act
(HERA) were passed by Congress, and the Federal Reserve Board published the regulations under the Truth in Lending
Act. These regulations were written to provide a more transparent, level and fair regulation of the real estate industry; to
add additional steps to help prevent deceptive lending practices; and to protect consumers by making them more
informed — and therefore more confident— in their home financing choices. Also, Fannie Mae and Freddie Mac
adopted the Home Valuation Code of Conduct (HVCC) to reinforce appraiser independence, valuation
protections, and enhance the overall integrity of the valuation process.
Effective May 1 2009 - HVCC - Promotes the accuracy of appraisals by shielding appraisers from undue
influence, and ensuring that borrowers have sufficient notice of appraisal
content by requiring that borrowers receive a copy of their appraisal reports no
less than three days prior to the closing of their loan absent a borrower waiver
of this requirement.
Effective July 30, 2009 - HERA - Amends the Truth in Lending Act (TIL), implemented through Regulation Z.
Has a number of provisions including the Mortgage Disclosure Improvement
Act, which changes the Truth in Lending Act requirements surrounding early
and final disclosures to homebuyers and addresses the timing of when fees can
be charged.
A few things to keep in mind
These new regulations will impact closing timelines. In the past, homebuyers and sellers would agree on a closing date,
and then service providers – including lenders – would work as best they could toward
meeting that date. Going forward, purchase contracts can still be written with a
specific closing date in mind, but all parties need to take into account that the
earliest any home purchase transaction can close is 7 business days after the
homebuyer is issued his or her initial mortgage disclosures from the lender.
Upfront fees cannot be collected by the lender (except for a credit
report fee) until the initial disclosures are received. If the disclosures are
overnighted, they are considered “received” the next business day —
(excluding Saturdays) allowing the fees to be collected on the following
business day.
Historically, upfront fees could be collected immediately at the time of
application for both in person and phone applications. Moving forward, the
homebuyer must receive his or her initial disclosures before upfront fees can be
collected. The only exception is the credit report fee which can be collected at
application.
The homebuyer must be provided with a copy of his or her appraisal a
minimum of 3 days prior to closing.
If the homebuyer believes the 3-business-day required review period is not necessary for whatever reason,
he or she has the right to waive that requirement.
Plan your closing around a minimum 35- 45 day timeline from your offer date and keep in mind the factors mentioned which could impact the timeline.
Mark Gracy The Gracy Team www.GracyTeam.com Keller Williams Realty
168 N Main Street Andover, MA 01810
Andover, MA Real Estate Consultant
Serving real estate customers on the North Shore, Merrimack Valley, MA and Southern NH
Information provided by Wells Fargo Mortgage
Information is accurate as of date of printing and is subject to change without notice. Wells Fargo Home Mortgage is a division of Wells Fargo Bank, N.A.
Thursday, June 18, 2009
Real Estate Market Update for June 18h 2009
Treasuries are under selling pressures after four sessions of gains. Initial jobless claims came in close to expected , the number reflected a slow down in job losses. Today the Treasury will announce the upcoming auction amounts and this may cause more selling before debt hits the market. Rates are slightly worse than yesterday .Up an eighth.
Now is a great time for first time home buyers to find that perfect home. Call me today (978) 861-4016. Find out more about the $8,000 tax credit at www.GracyTeam.com
Mark Gracy
The Gracy Team
Keller Williams Realty
(978) 861-4016
www.gracyteam.com
Andover MA real estate
North Andover MA real estate
Methuen MA real estate
Haverhill MA real estate
Tuesday, June 16, 2009
Real Estate Market Update for June 16th 2009
Rates are running between 5.125% and 5.625% on a thirty year fixed (whether or not points are paid).
Keep in mind this assumes a qualifying FICO. I have summarized a market update for you below.
MARKET UPDATE: This morning the Housing Starts and Building Permits reports both returned data better than anticipated, adding fuel to the belief the housing market is on the rebound. With the continuous signs of an economy recovering will rates ever return to levels from early May of the 4.75% range? Not likely, in fact with next week’s looming treasury auctions the past few days improvements might be short lived. More investors are likely to turn their attention to the commodities and stock markets, and a bond market that already has too much supply will have to raise its rates to attract buyers. This morning mortgage rates are rroughly unchanged from yesterday.
FHA will now be requiring two appraisals under the following scenarios:
-loan amounts greater than $417,000 AND loan to value equals or exceeds 95%
-any cash out refi where the loan amount is greater than $417,000.
Mark Gracy (978) 861-4016
mark@gracyteam.com
www.GracyTeam.com
Your real estate experts on the North Shore, Merrimack Valley MA and Southern NH
Wednesday, June 3, 2009
Find what's on the market all around you instantly on your cell phone in MA and NH
Mark Gracy
The Gracy Team
Keller WIlliams Realty
DIrect: (978) 861-4016
Office: (978) 984-3107
www.GracyTeam.com
Your real estate resource for opportunity on the North Shore, Merrimack Valley and Southern NH
Monday, June 1, 2009
North Andover MA homes for sale on your mobile phone
Search all homes for sale in MA and NH from your personal cell phone.
June 2009 (MA and NH real estate)—One of the top real estate agents in the Merrimack Valley announced today that cell phones can be turned into the ultimate house-hunting tool. Mark Gracy with The Gracy Team at Keller Williams Realty is providing consumers with a mobile application called Homes for Sale that makes it possible to search all local property listings from their phone, regardless of whether it is listed by [Agent Name] or another broker/agent. Homes for Sale can be downloaded to cell phones, iPhones and BlackBerry devices by visiting www.GracyTeam.com.
With Homes for Sale, consumers can be in any neighborhood and view detailed home information at the touch of a button. The GPS technology in the mobile phone, where available, locates users and pulls up addresses and information on property listings in their immediate area. Sales price, square footage, tax information, beds/baths, interior and exterior features and pictures become available instantly in the palm of their hand.
Consumers can also search by city, zip code, address, or community name when GPS is not available, or if they want to search for real estate in a particular area other than their current location.
The “Call to See” feature within the Homes for Sale application will connect users to Mark Gracy if they have further questions or want to schedule a tour of the property.
“We are dedicated to providing our clients top notch service and unparalleled results. We do that in part by providing our clients access to up to the minute real estate information by utilizing state of the art technology.”, Gracy said.
When downloading the application from Mark Gracy’s website, www.GracyTeam.com , consumers will find a Homes for Sale Mobile tool which provides instructions on how to send the application to their personal cell phone. Users simply select their cell phone carrier, the make/model of their device and enter their cell phone number into the downloader tool. Instantly, the application is sent via text message and downloaded to their cell phone just like a game or ringtone.
Homes for Sale is available across every carrier and mobile device via a fully downloadable application or mobile web (WAP) version. The fully downloadable version is live on hundreds of cell phone models on AT&T, Sprint and T-Mobile. If your carrier or cell phone model is not listed on the downloader tool, simply select ‘Other’ and download the mobile web (WAP) version. Smarter Agent is also available on BlackBerry devices as well as the iPhone. The fully downloadable version for Windows Mobile devices, as well as other devices and major carriers, will be added over the coming months.
Homes for Sale is free to download on BlackBerry devices across all carriers and the iPhone, in addition to the free WAP version. For other devices, a nominal monthly carrier charge may apply, dependent on device and carrier, billed directly to your carrier statement.
Haverhill MA real estate update - homes for sale on your mobile phone now
Search all homes for sale in MA and NH from your personal cell phone.
June 2009 (MA and NH real estate)—One of the top real estate agents in the Merrimack Valley announced today that cell phones can be turned into the ultimate house-hunting tool. Mark Gracy with The Gracy Team at Keller Williams Realty is providing consumers with a mobile application called Homes for Sale that makes it possible to search all local property listings from their phone, regardless of whether it is listed by [Agent Name] or another broker/agent. Homes for Sale can be downloaded to cell phones, iPhones and BlackBerry devices by visiting www.GracyTeam.com.
With Homes for Sale, consumers can be in any neighborhood and view detailed home information at the touch of a button. The GPS technology in the mobile phone, where available, locates users and pulls up addresses and information on property listings in their immediate area. Sales price, square footage, tax information, beds/baths, interior and exterior features and pictures become available instantly in the palm of their hand.
Consumers can also search by city, zip code, address, or community name when GPS is not available, or if they want to search for real estate in a particular area other than their current location.
The “Call to See” feature within the Homes for Sale application will connect users to Mark Gracy if they have further questions or want to schedule a tour of the property.
“We are dedicated to providing our clients top notch service and unparalleled results. We do that in part by providing our clients access to up to the minute real estate information by utilizing state of the art technology.”, Gracy said.
When downloading the application from Mark Gracy’s website, www.GracyTeam.com , consumers will find a Homes for Sale Mobile tool which provides instructions on how to send the application to their personal cell phone. Users simply select their cell phone carrier, the make/model of their device and enter their cell phone number into the downloader tool. Instantly, the application is sent via text message and downloaded to their cell phone just like a game or ringtone.
Homes for Sale is available across every carrier and mobile device via a fully downloadable application or mobile web (WAP) version. The fully downloadable version is live on hundreds of cell phone models on AT&T, Sprint and T-Mobile. If your carrier or cell phone model is not listed on the downloader tool, simply select ‘Other’ and download the mobile web (WAP) version. Smarter Agent is also available on BlackBerry devices as well as the iPhone. The fully downloadable version for Windows Mobile devices, as well as other devices and major carriers, will be added over the coming months.
Homes for Sale is free to download on BlackBerry devices across all carriers and the iPhone, in addition to the free WAP version. For other devices, a nominal monthly carrier charge may apply, dependent on device and carrier, billed directly to your carrier statement.
Methuen, MA Real Estate Homes for Sale on your mobile phone now
Search all homes for sale in MA and NH from your personal cell phone.
June 2009 (MA and NH real estate)—One of the top real estate agents in the Merrimack Valley announced today that cell phones can be turned into the ultimate house-hunting tool. Mark Gracy with The Gracy Team at Keller Williams Realty is providing consumers with a mobile application called Homes for Sale that makes it possible to search all local property listings from their phone, regardless of whether it is listed by [Agent Name] or another broker/agent. Homes for Sale can be downloaded to cell phones, iPhones and BlackBerry devices by visiting www.GracyTeam.com.
With Homes for Sale, consumers can be in any neighborhood and view detailed home information at the touch of a button. The GPS technology in the mobile phone, where available, locates users and pulls up addresses and information on property listings in their immediate area. Sales price, square footage, tax information, beds/baths, interior and exterior features and pictures become available instantly in the palm of their hand.
Consumers can also search by city, zip code, address, or community name when GPS is not available, or if they want to search for real estate in a particular area other than their current location.
The “Call to See” feature within the Homes for Sale application will connect users to Mark Gracy if they have further questions or want to schedule a tour of the property.
“We are dedicated to providing our clients top notch service and unparalleled results. We do that in part by providing our clients access to up to the minute real estate information by utilizing state of the art technology.”, Gracy said.
When downloading the application from Mark Gracy’s website, www.GracyTeam.com , consumers will find a Homes for Sale Mobile tool which provides instructions on how to send the application to their personal cell phone. Users simply select their cell phone carrier, the make/model of their device and enter their cell phone number into the downloader tool. Instantly, the application is sent via text message and downloaded to their cell phone just like a game or ringtone.
Homes for Sale is available across every carrier and mobile device via a fully downloadable application or mobile web (WAP) version. The fully downloadable version is live on hundreds of cell phone models on AT&T, Sprint and T-Mobile. If your carrier or cell phone model is not listed on the downloader tool, simply select ‘Other’ and download the mobile web (WAP) version. Smarter Agent is also available on BlackBerry devices as well as the iPhone. The fully downloadable version for Windows Mobile devices, as well as other devices and major carriers, will be added over the coming months.
Homes for Sale is free to download on BlackBerry devices across all carriers and the iPhone, in addition to the free WAP version. For other devices, a nominal monthly carrier charge may apply, dependent on device and carrier, billed directly to your carrier statement.
Homes for Sale in Andover MA on your cell phone now!
Search all homes for sale in MA and NH from your personal cell phone.
June 2009 (MA and NH real estate)—One of the top real estate agents in the Merrimack Valley announced today that cell phones can be turned into the ultimate house-hunting tool. Mark Gracy with The Gracy Team at Keller Williams Realty is providing consumers with a mobile application called Homes for Sale that makes it possible to search all local property listings from their phone, regardless of whether it is listed by [Agent Name] or another broker/agent. Homes for Sale can be downloaded to cell phones, iPhones and BlackBerry devices by visiting www.GracyTeam.com.
With Homes for Sale, consumers can be in any neighborhood and view detailed home information at the touch of a button. The GPS technology in the mobile phone, where available, locates users and pulls up addresses and information on property listings in their immediate area. Sales price, square footage, tax information, beds/baths, interior and exterior features and pictures become available instantly in the palm of their hand.
Consumers can also search by city, zip code, address, or community name when GPS is not available, or if they want to search for real estate in a particular area other than their current location.
The “Call to See” feature within the Homes for Sale application will connect users to Mark Gracy if they have further questions or want to schedule a tour of the property.
“We are dedicated to providing our clients top notch service and unparalleled results. We do that in part by providing our clients access to up to the minute real estate information by utilizing state of the art technology.”, Gracy said.
When downloading the application from Mark Gracy’s website, www.GracyTeam.com , consumers will find a Homes for Sale Mobile tool which provides instructions on how to send the application to their personal cell phone. Users simply select their cell phone carrier, the make/model of their device and enter their cell phone number into the downloader tool. Instantly, the application is sent via text message and downloaded to their cell phone just like a game or ringtone.
Homes for Sale is available across every carrier and mobile device via a fully downloadable application or mobile web (WAP) version. The fully downloadable version is live on hundreds of cell phone models on AT&T, Sprint and T-Mobile. If your carrier or cell phone model is not listed on the downloader tool, simply select ‘Other’ and download the mobile web (WAP) version. Smarter Agent is also available on BlackBerry devices as well as the iPhone. The fully downloadable version for Windows Mobile devices, as well as other devices and major carriers, will be added over the coming months.
Homes for Sale is free to download on BlackBerry devices across all carriers and the iPhone, in addition to the free WAP version. For other devices, a nominal monthly carrier charge may apply, dependent on device and carrier, billed directly to your carrier statement.
Thursday, May 21, 2009
ANDOVER MA real estate update - Keller Williams only major real estate franchise to show growth
Keller Williams Realty Brokerages Dominate Annual Industry Surveys
3rd largest company in U.S. the only major franchise to show growth
AUSTIN, TEXAS (May 19, 2009) —According to two of the industry’s most comprehensive annual surveys, Keller Williams Realty brokerages continue to defy the pervasive downturn in the industry by growing and expanding.
RISMedia’s Power Broker Report and REAL Trends’ REAL Trends 500 rank the largest residential real estate brokerages in the U.S. based on transaction sides and sales volume. This year, Keller Williams Realty had more brokerages on both lists than any other real estate brand.
In the REAL Trends 500 report, Keller Williams Realty dominated, with its offices comprising more than a quarter of the entire list. Of all the major brands represented in the report, Keller Williams was the only company to boast growth in both number of agents added to its ranks and in total transactions closed.
Within RISMedia’s Power Broker Report, Keller Williams Realty again had the largest majority on the list – accounting for 35 percent of all the brokerages listed. The report also ranked Keller Williams Realty #1 in number of agents and total closed transactions.
“These results prove what we already knew – Keller Williams Realty is experiencing the next phase of our growth during this shift,” said Mark Willis, CEO of Keller Williams Realty, Inc. “Our agents and offices are capitalizing on the opportunities presented in today’s market and powering forward.”
“Two years ago, when the market began to shift, we mobilized to make sure our people would have the training, support and technology to tackle the market and they have truly blown us away with their accomplishments,” he added.
Within the past 18 months, Gary Keller, co-founder and chairman of the company, released his latest book, SHIFT: How Top Real Estate Agents Tackle Tough Times which became the No. 1 selling real estate book for agents in 2008. The launch also included a nationwide seminar tour which is slated to visit more than 50 cities throughout North America by the end of the summer. Other initiatives included the delivery of affordable health care options for KW associates through the new Keller Williams Health Providers Program and the launch of the company’s commercial arm, KW Commercial.
“When we do what we do best – coach and train our associates to higher levels of personal productivity and profitability – growth takes care of itself,” said Mary Tennant, president and COO of Keller Williams Realty, Inc. “Keller Williams Realty, the franchise company, didn’t rank on these lists – our people did.”
“We’re confident we’re in businesses with some of the most talented and focused individuals in the industry and we are so proud of all they’ve achieved,” added Willis.
About Keller Williams Realty Inc.:
Founded in 1983, Keller Williams Realty Inc. is the third-largest real estate franchise operation in the United States, with 679 offices and 73,000 associates in the United States and Canada. The company, which began franchising in 1990, has an agent-centric culture that emphasizes access to leading-edge education and promotes an economic model that rewards associates as stakeholders and partners. The company also provides specialized agents in luxury homes and commercial real estate properties. For more information on local real estate and the hottest listings visit www.GracyTeam.com The Gracy Team Keller Williams Realty Andover MA
Thursday, May 7, 2009
Real Estate Market Snapshot
Mark Gracy
The Gracy Team
Keller Williams Realty
Andover MA
(978) 984-3107 office
(978) 861-4016 Mark direct tel & fax
www.GracyTeam.com
Monday, April 27, 2009
Andover MA real estate First Time Buyer credit
The same goes for married tax payers - they must both be first time home buyers. For non-married joint buyers, only one of them needs to be a first time home buyer, or someone who hasn’t owned a primary residence in the past three years.
Qualifying homes include:
New homes
Homes that are being re-sold
Condos
Townhomes
The main restriction is that the credit is only for those who buy a home as their primary residence. So investors looking to buy a rental property would not qualify for the credit. However owning a vacation home or a rental property already does not neccessarily disqualify you from taking advantage of the credit (as long as you haven’t owned a primary residence in the past three years).
Watch this video for more information
Mark Gracy Your Real Estate Resource in MA and NH
The Gracy Team at Keller Williams Realty
(978) 984-3107
Friday, April 24, 2009
Your Help is Needed for Rebuilding Together - Help Your Neighbors

Andover, MA Real Estate
Each year in April, The Gracy Team sponsors a home for Rebuilding America. The Organization helps people in need (mostly elderly, disabled people, veterans, or people who are dying) with things like basic home repairs, yard work, building ramps for wheelchair bound people, and planting trees and flowers. We are asking for volunteers for April 25th to help us, the more hands the better.
On National Rebuilding Day volunteers join local affiliate leaders to repair and restore houses and non-profit facilities, revitalizing entire communities and making a lasting impression on the families who are served. For many volunteers, it leaves them with the experiences of helping their neighbors in need, which brings them back year after year.
please email homes@gracyteam.com or call 978-861-4016 as soon as possible
Date:
Saturday, April 25, 2009
Time:
7:00am - 4:00pm
Location:
RSVP needed please email
City/Town:
Haverhill, MA
Email:
info@lzremodeling.com
Spring Has Sprung in Atkinson NH
Friday, April 17, 2009
Saturday, March 7, 2009
Groveland MA Best Buy Townhome Opportunity OPEN HOUSE SUN 3/8
OPEN HOUSE SUNDAY 3/8/2009 12:30 PM - 1:30 PM
23 Groveland Commons Groveland, MA
more details at www.GracyTeam.com
Mark Gracy
mark@gracyteam.com
(office) 978-984-3107
(direct) 978-861-4016 tel & fax
www.GracyTeam.com
Keller Williams Realty
Serving The Andovers and Merrimack Valley MA
Friday, March 6, 2009
FHA Loan credit score increase
Effective 3/3/09, the minimum FHA FICO score will be increasing from 580 to 620. All parties on the transaction will need to meet the minimum requirement.
Mark Gracy
The Gracy Team
Agent / Partner
Keller Williams Realty
mark@gracyteam.com
(office) 978-984-3107
(direct) 978-861-4016 tel & fax
AIM: markjgracy
www.GracyTeam.com
Keller Williams Realty
Serving The Andovers, Merrimack Valley MA and Southern NH
Rules for 2009 Tax Credit
Rules for the 2009 Tax Credit for First Time Home Buyers
Posted by Mark Gracy under For Buyers, For Sellers, General Information
Rules for 2009 Tax Credit for First Time Homebuyers
• Does NOT have to be repaid UNLESS the home is sold within 3 Years
• You must NOT have owned a home in the previous 3 Tax Years
• Available for homes purchased between 1/1/09 and 12/1/09
• You DO NOT qualify if: You are an individual with an adjusted gross income of 75K or higher, or, are married with a combined adjusted gross income of 150k or higher.
• Tax credit is for up to 10% of the purchase price up to a maximum of $8,000
• The Tax Credit can be taken on 2008 taxes even when the purchase is made in 2009.
Mark Gracy
mark@gracyteam.com
(office) 978-984-3107
(direct) 978-861-4016 tel & fax
AIM: markjgracy
www.GracyTeam.com
Keller Williams Realty
Serving The Andovers and Merrimack Valley MA
Monday, February 2, 2009
Chelmsford MA condo townhome opportunity
Check out more details at www.GracyTeam.com
Sunday, February 1, 2009
ANDOVER MA real estate
Visit www.GracyTeam.com For All Your Real Estate Needs in Massachusetts and Southern New Hampshire
Mark Gracy
(978) 984-3107
homes@gracyteam.com
Saturday, January 31, 2009
CHELMSFORD MA real estate just listed area best buy
Wednesday, January 28, 2009
Groveland MA Best Buy Townhome Opportunity
Best Buy Trilevel townhome with many upgrades. Features include hardwood floors, garage, walk-in closets and more.
Call Mark Gracy today 978-861-4016 or email homes@gracyteam.com
Keller Williams Realty
Saturday, January 17, 2009
Atkinson, NH Real Estate Best Buy 23 Crown Hill Rd Atkinson, NH
23 Crown Hill Rd Atkinson, NH
To arrange a showing call 978-984-3107 today.
Mark Gracy
The Gracy Team
Keller Williams Realty