There is a lot of information out there regarding the $8,000 tax credit for first-time home buyers. Fortunately, I have done the research for you! A few bullet points to remember:
- Eligibility - must not have owned a home in the previous 3 years.
- Time Limit - Purchase must be made "Closed" before December 1, 2009.
- Repayment - Unlike the previous tax credit, the 2009 tax credit does not need to be repaid.
- Primary Residence - the tax credit is for purchase of primary residences.
- Closing Costs - Yes the tax credit can be used on closing costs, however, there are limitations. Make sure to visit the link below.
- More Questions - Give me a call or email, I am happy to answer any of your questions with no obligations.
View the links and articles below for more in depth information for first time home buyers.
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