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$619,900 Mortgage Calculator
77 CRESTFIELD LANE
North Kingstown, RI / 02852
MLS# 1037919
Type: Single Family
Neighborhood: BROOKSIDE/QUIDNESSETT
Beds: 4 Beds
Baths: 2 Full / 1 Half
Total Liv. Area: 3,586 sq. ft.
Lot Size: 50,000 sq. ft.
Listed by: Allen Gammons PRUDENTIAL GAMMONS REALTY
Office: 401-886-6100
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$179,000 Mortgage Calculator
241 PINE SWAMP RD
Cumberland, RI / 02864
MLS# 1020693
Type: Vacant Land
Neighborhood: DIAMOND HILL
Lot Frontage: 0 ft.
Lot Size: 200,376 sq. ft.
Lot Type: Residential
Listed by: Julie Grundy Coastview Realty, Llc
Office: 401-788-0078
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$243,500 Mortgage Calculator
10 CAPEN ST
Warwick, RI / 02889
MLS# 1038259
Type: Single Family
Neighborhood: WARWICK NECK
Beds: 3 Beds
Baths: 2 Full / 0 Half
Total Liv. Area: 1,336 sq. ft.
Lot Size: 12,080 sq. ft.
Listed by: Lisa Robertus Poole Poole Properties
Office: 401-487-8440
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$229,900 Mortgage Calculator
90 IRONS AV
Johnston, RI / 02919
MLS# 1036850
Type: Single Family
Neighborhood: GEO WATERMAN
Beds: 3 Beds
Baths: 1 Full / 0 Half
Total Liv. Area: 1,968 sq. ft.
Lot Size: 30,000 sq. ft.
Listed by: Paul Miraglia Keller Williams Realty
Office: 401-785-1700
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$120,000 Mortgage Calculator
18 HEALEY BROOK CT
South Kingstown, RI / 02879
MLS# 1016749
Type: Single Family
Neighborhood: VILLAGE@WORDENS POND
Beds: 2 Beds
Baths: 2 Full / 0 Half
Total Liv. Area: 1,512 sq. ft.
Lot Size: 12,000 sq. ft.
Listed by: Mary Carocci RE/MAX Flagship, Inc.
Office: 401-789-2255
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$429,000 Mortgage Calculator
4 SPYGLASS CIR
Hopkinton, RI / 02838
MLS# 1036263
Type: Condo
Complex Name: RESIDENCE@FENNER HILL
Beds: 2 Beds
Baths: 2 Full / 1 Half
Total Liv. Area: 2,800 sq. ft.
Style Type: Town House
Listed by: Janis CAPPELLO COLDWELL BANKER RESIDENTIAL BR
Office: 401-884-8050
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$249,900 Mortgage Calculator
151 DOVER AV
East Providence, RI / 02914
MLS# 1033660
Type: Single Family
Neighborhood: KENT HEIGHTS
Beds: 3 Beds
Baths: 1 Full / 1 Half
Total Liv. Area: 1,792 sq. ft.
Lot Size: 16,961 sq. ft.
Listed by: Michelle Cartwright Co RE/MAX River's Edge
Office: 401-245-2000
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$439,000 Mortgage Calculator
116 PLAIN RD
North Kingstown, RI / 02852
MLS# 1038994
Type: Single Family
Neighborhood: PINE MEADOWS/MT LAUREL
Beds: 4 Beds
Baths: 2 Full / 1 Half
Total Liv. Area: 2,361 sq. ft.
Lot Size: 28,314 sq. ft.
Listed by: Donna Sabitoni Fieldstone Properties, Inc.
Office: 401-295-0300
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$574,500 Mortgage Calculator
5 NINA CT
Cranston, RI / 02921
MLS# 1013982
Type: Single Family
Neighborhood: WESTERN
Beds: 4 Beds
Baths: 2 Full / 2 Half
Total Liv. Area: 3,300 sq. ft.
Lot Size: 517,057 sq. ft.
Listed by: Janis CAPPELLO COLDWELL BANKER RESIDENTIAL BR
Office: 401-884-8050
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$1,595,000 Mortgage Calculator
0 WOLCOTT AV
Middletown, RI / 02842
MLS# 962990
Type: Single Family
Neighborhood: EASTON'S POINT
Beds: 3 Beds
Baths: 2 Full / 1 Half
Total Liv. Area: 2,600 sq. ft.
Lot Size: 14,706 sq. ft.
Listed by: J Michael Hill Nunes Realty Ltd
Office: 401-847-4800
Click here for AAA Southern New England for the mortgage that is right for you!
 
Maverick Funding- The Big Bank Alternative
Click here for Stateline Insurance & Financial Services, Inc. Lila Delman - Serving buyers and sellers of fine properties since 1964.
Linda Drainville - Coldwell Banker, Whether buying or selling let me help you achieve your goal of SOLD! BankNewport -Focused On Your Success!

2009 Stimulus Incentives

The federal government has enacted several initiatives aimed at helping home buyers. Most of these incentives are temporary so if you’ve been on the fence about jumping into the real estate market, there’s no better time than the present!

Homebuyer Tax Credit

The American Recovery and Reinvestment Act provides for a tax credit equal to ten percent of the cost of the home, up to a maximum credit of $8,000.

The credit is available to people who have not owned a home in the past three years for the purchase of a principal residence on or after January 1, 2009 and before December 1, 2009.

The credit does not require repayment if the buyer remains in the home for three or more years. There are income guidelines on the credit. Individuals with an adjusted gross income up to $75,000 (or $150,000 if filing jointly) are eligible. The credit is phased down for those earning more and is not available for those with an income above $95,000 (or $170,000 if filing jointly.)

Most of the mechanics of the credit will be the same as under the 2008 rules: the credit will be claimed on a tax return to reduce the purchaser's income tax liability. If any credit amount remains unused, then the unused amount will be refunded as a check to the purchaser.

 

IRS Video On Tax Credit

View the video below to get all the details about this valuable new credit and how it can put more cash in your pocket at tax time.

View video in a new window »

First-Time Homebuyer Tax Credit - FAQ's » - PDF

www.federalhousingtaxcredit.com

FHA, Fannie Mae and Freddie Mac Loan Limits

The current non-jumbo loan limits for FHA, Freddie Mac, and Fannie Mae loans in Rhode Island is $475,000. These 2009 limits will expire December 31, 2009.

Neighborhood Stabilization

The Rhode Island Housing Resources Commission offers information about low interest loans available through the Neighborhood Stabilization Program for the purpose of purchasing, managing, renovating and selling foreclosed and abandoned properties. The program also offers up to twenty percent of the price of the home to be used for the down payment or repairs for properties within specified census tracts. After purchase, the homes must be used to assist individuals and families with incomes at or below 120% of area median income. Twenty-five percent of funds must be used for households with incomes at or below 50% of area median income.

Fannie Mae Eases Investor Loan Limits

Due to a policy change announced in February, 2009, Fannie Mae will now allow borrowers to take out loans for up to 10 investment or second home properties, up from a maximum of four.

Energy Efficient Housing Tax Credits & Grants

If you’re interested in a property that may need a new furnace, windows or insulation, you should know that through 2010, homeowners will be able to claim a 30% tax credit (up from 10%) for these purchases. Another $5 billion will be made available through the American Recovery and Reinvestment Act to modernize the nation’s electricity grid and install smart meters on homes that help to save consumers money. There is also $5 billion for weatherization assistance for low income households and $2 billion for federally assisted housing (section 8) efficiency efforts. For more information about accessing funding for promoting energy efficiency, go to http://www.riselink.com.

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