For those of you out there considering whether or not to become a home owner, let me just say that there are an awful lot of very attractive incentives out there for you.  In addition to those that I’ll mention below, you can also feel good about being a part of the economic recovery by helping to absorb some of the current excess housing inventory that is keeping home prices relatively depressed in many areas.  (By the way, “depressed housing prices” is a good thing for YOU if you’re thinking of buying any time soon).

photo credit: dougtone

So why become a homeowner and take on a home mortgage

?  Well, the government is offering to GIVE you $8,000 to do it in the form of a tax credit.  And the great thing is that now you don’t even have to wait to get that benefit!  While you still need to come in with 3.5% down payment (on FHA loans), you can use the rest of the money to add to that down payment.  Very cool!  Plus, in addition to home process being ‘depressed’ as mentioned above, interest rates are also extremely low right now.  So you get $8,000 to buy a low priced house at a low rate…  Does it get any better than that?