With President Obama’s signing of The American Recovery and Reinvestment Act of 2009 it truly has never been a better time to buy a quality new home from America’s leader in customer satisfaction. Ironwood Homes is here to help you understand this new incentive and how it may benefit you. The American Recovery and Reinvestment Act of 2009 ENHANCED HOME BUYER CREDIT •  Up to $8,000 tax credit for first-time home buyers.  The law defines a first-time buyer as anyone who has not owned a home in the last three years. •  Changes to the Federal Housing Authority (FHA) rules increases the maximum loan limits the FHA will insure.  See your sales associate for more information. •  FHA loans require only 3.5% down payment and that money can come from family members, employers or charitable organizations.  See your sales associate for more information. •  You don’t have to have a perfect credit score to qualify for an FHA loan.  In fact, even with some credit problems, it’s easier to qualify for an FHA loan than a conventional loan.  See your sales associate for more information.