useful links and other information for customers

Orange County, FL Home Buyers Assistance Program

 

The Down Payment Assistance Program provides assistance to qualified first time homebuyers for down payment and closing costs associated with purchasing a home. The amount of assistance provided will be determined based on your household income. A household can qualify as very low income, or low income. Please refer to the income chart in the Learn More section of this web page to access the income limits. The amount of assistance available is from $7,500 to $10,000. All applicants must complete a pre-purchase homebuyer’s education program, and secure a first mortgage. The property to be purchased must be located in Orange County, outside the city limits of Orlando. For additional information, please refer to the Down Payment Assistance web site at:

http://www.ocfl.net/NeighborsHousing/HomebuyerDownPaymentAssistance.aspx

Good News Regarding Taxes

 

Did you know you can defer taxes when you sell investment property?


"Whenever you sell business or investment property and you have a gain, you generally have to pay tax on the gain at the time of sale. IRC Section 1031 provides an exception and allows you to postpone paying tax on the gain if you reinvest the proceeds in similar property as part of a qualifying like-kind exchange...."

Find detailed information at the link below and contact us to take advantage of these tax-deferred investments

http://www.irs.gov/uac/Like-Kind-Exchanges-Under-IRC-Code-Section-1031​​​

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