In a recent article on KeepingCurrentMatters.com was a timely discussion of tax refunds and how you can use it to help buy a new home. ” Tax refunds are often thought of as ‘extra money’ that can be used toward larger goals; for anyone looking to buy a home in 2018, this can be a great jump start toward a down payment!”
“According to data released by the Internal Revenue Service (IRS), Americans can expect an estimated average refund of $2,840 this year when filing their taxes. This is down slightly from the average refund of $2,895, last year. The map below shows the average tax refund Americans received last year by state. (The refunds received for the 2017 tax year should continue to reflect these numbers as the new tax code will go into effect for 2018 tax filings.) “
“If you are one of the many first time homebuyers that believe that you must have 20% down or more to buy a new home, consider this. Programs from the Federal Housing Authority, Freddie Mac, and Fannie Mae all allow for down payments as low as 3%, with Veterans Affairs Loans allowing many veterans to purchase a home with 0% down.” Contact a Rocklyn Community Sales Manager regarding our Preferred Lender Programs.
If you supplemented your down payment savings with your tax refund check this year, how close would you be to a down payment on a New Home? Stop by a Rocklyn community today and choose a new home – many priced from the Mid $100’s.
Award Winning Rocklyn Homes is one of Atlanta’s Top Homebuilders in the Atlanta Business Chronicle, and is building quality single family homes and townhomes in the Metro Atlanta area from the Mid $100’s to $400’s.