**This program has expired and is no longer available. For information about Incentives available for 1st Time Buyers, visit our dedicated 1st Time Home Buyer Website for details!
Want to find out if you qualify for the New Federal Tax Credit for First Time Home Buyers? This new program allows certain home buyers an $8,000 tax credit just for purchasing a home! You might even qualify if you have owned a home in the past. The best way to find out if you qualify is to Contact Us.
(This was Taken from the American Recovery and Reinvestment Act)
REVISED CREDIT - EFFECTIVE FOR PURCHASES ON OR AFTER JANUARY 1, 2009 AND BEFORE DECEMBER 1, 2009
Amount of Credit
Maximum credit is $8000
All principal residences eligible.
Purchasers will receive refund for unused amount when tax return is filed.
Income limits apply.
First-time Homebuyer Only
Still available for first-time purchasers only. You are a First Time Buyer if you have NOT owned a home in the past three-years.
Revenue Bond Financing
Purchasers who utilize revenue bond financing can use credit.
No repayment for purchases on or after January 1, 2009 and before December 1, 2009
If home is sold within three years of purchase, entire amount of credit is recaptured on sale. Applies only to homes purchased in 2009.
December 1, 2009
All revisions are effective as of January 1, 2009
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