Our family is blessed to be among those who own a home – true it’s modest (and has a mortgage on it), but during these times of economic  when some families unable have been unable to make payments and had to abandon their properties, I’m well aware of our blessing.  Still others who have been financially blessed may be able to take advantage of the Housing Stimulus program that encourages investment in homes by new buyers.

This tax-credit based program used to be open only for individuals and couples who hadn’t purchased a home in the past, or haven’t owned a home in the past three years, but has been expanded to include couples e have lived in a home for five consecutive years of the past eight.  Not only is the program designed to help home owners, but it’s also an attempt to boost the faltering economy, with an estimated 22 billion dollars having been added to the US economy through the program.

The link in this post leads to a chart that summarizes the requirements and a video to watch that will give you a quick overview of the program requirements.  It’s pretty straight forward and easy to understand, so if you’re looking to buy a home this year, do check it out!