KNOXVILLE, Tenn. – (January 5, 2010) – Just months after Congress extended the tax credit for first time homebuyers, the nation’s largest homebuilder and the nation’s largest tax services provider are teaming up to make the transition to home ownership easier.
The partnership between Clayton Homes and H&R Block means people can easily use their tax refund to move into home ownership by purchasing a Clayton home.
“With the federal government both extending and expanding the tax credit for home buyers, with mortgage rates extremely low and with Clayton able to offer financing directly, this is a historic opportunity for more people to become homeowners,” said Kevin Clayton, President and CEO of Clayton Homes.
“From seniors looking to downsize, to families wanting to move, to those shopping for their first home, this credit paves the way for more people to positively impact their taxes through the benefits of homeownership,” said Dave Mullin, Marketing Manager for H&R Block.
There are clear long term tax advantages to owning a home as opposed to renting:
- The interest you pay is tax deductible.
- Your local property taxes are deductible.
- Some loan costs, such as Private Mortgage Insurance, are deductible.
There’s no question that becoming a homeowner is a smart move. The latest data from the Federal Reserve Board shows families that own homes are worth more money and save more money.
Clayton homes are an excellent value for those looking to become homeowners and can often be financed so that the monthly mortgage payment is comparable to rent payments.
“We don’t know of a better way to deliver this message to people than when they are truly focused on finances, so a partnership between our companies makes perfect sense,” says Clayton.
Information on the program is available at Clayton Homes Sales Centers across the country.
Clayton, a Berkshire-Hathaway Company, has built more than a million homes since 1934. More information is available at www.claytonhomes.com.
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About Clayton Homes: A Berkshire-Hathaway Company, Clayton Homes is a national, vertically integrated housing company. Through its family of brands, Clayton Homes builds, sells, finances, leases, and insures a full spectrum of affordable housing and is the nation’s number one retailer of modular and manufactured homes.
Media Contacts Clayton Homes Mike Cohen Ackermann PR (865) 584-0550 mcohen@ackermannpr.com