This is a great year to lose your landlord and become a Salt Lake City first time homeowner. Murray Beehive Credit Union offers great rates on mortgage loans and there are plenty of affordable Cottonwood Heights and Midvale homes for sale. Your monthly payment may end up being lower than your current rent. And there is more good news for first time Murray home buyers:

As part of the American Recovery and Reinvestment Act of 2009, qualified first time home buyers can receive a tax credit of up to $8,000!

The Internal Revenue Service website lists the qualifications:

• Applies to Murray purchases that close after April 8, 2008, and before Dec. 1, 2009.
• Applies only to homes used as a taxpayer’s principal residence in Murray or other cities.
• Reduces a taxpayer’s tax bill or increases his or her refund, dollar for dollar.
• Is fully refundable, meaning the credit will be paid out to eligible taxpayers, even if they owe no tax or the credit is more than the tax owed. (Read more about the First Time Home Buyer Credit)

Murray Beehive Credit Union offers a variety of Utah mortgage loans. Fixed-rate, adjustable-rate, balloon, interest-only and reverse mortgages are among the most common types of home loans. If you are ready to buy or just want to talk about your situation, call a loan specialist today at 804-484-8811.