Showing posts with label tax credit first time home buyer. Show all posts
Showing posts with label tax credit first time home buyer. Show all posts

Jun 3, 2009

Buyers using FHA financing will be able to use tax credit money to assist with closing

First time home buyers who are using FHA as their means of financing have the opportunity to use the up to $8,000 tax credit money to assist with closing costs and/or additional down payment money. This may just be the extra push potentially new home owners have been waiting for in order to buy a home.

Give me a call at 407-304-0255 to see if you qualify and to speak with a lender regarding FHA home loans.


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Apr 9, 2009

Can I get the $8000 tax credit before buying a house?

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Q: I am a first time home buyer and I understand there is an up to $8000 tax credit for first time home buyers. Can I receive the money upfront to use as a down payment on a home?

No, at least not yet. The Florida Home Builders Association (FHBA) is part of a coalition urging Florida to front load the first-time home buyer tax credit. The Association believes this is extremely important towards stimulating the economy and further contends that the majority of Floridians would like to see the money given upfront.

Right now the law says that you must close on your home first and then apply for the tax credit.


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Mar 22, 2009

If I buy a house do I get $8,000?

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Q: I have heard if I buy a house I will get $8,000, is this true?

If you are a first time home buyer, someone who has not owned a home within the past 3 years and you buy a home this year and prior to December 1, 2009, you are eligible for a tax credit
equal to 10 percent of the home’s purchase price up to a maximum of $8,000.


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