Thanks for stopping by. Terry Stonebrook has been a Realtor in residential real estate in the Memphis and Shelby County area since 1979. Terry is a native Memphian, a graduate of Messick High School and the University of Memphis, and is a resident of Bartlett, TN. He has authored the Stonebrook Letter, a real estate newsletter, for more than 25 years.
We hope you visit often.
Terry Stonebrook
Certified Residential Specialist
30 years in real estate
TN License #00058261
6510 Stage Rd., Suite 1
Bartlett TN 38134
901 568-0100 cell
901 380-7653 office
Welcome
Real Estate News ...
THDA Unveils New Program to Provide Down Payment Assistance in conjunction
with First-Time Buyer Tax Credit
On March 20, the Tennessee Housing Development Agency (THDA) unveiled a new program offering down payment/closing cost assistance to first-time buyers qualifying for the federal tax credit. The program uses a second mortgage loan to assist a first-time buyer with down payment and/or closing costs with principal and interest deferred until July 1, 2010, by which time it is assumed that the buyer will have received funds through the first-time buyer tax credit. THDA plans to begin accepting applications for this new program on April 1. Download this summary chart that provides more details. And for an excellent explanation of the ins and outs of the tax credit itself, take a look at this short video and review these IRS tips for how to maximize the tax credit.
