|
Home |
First Time Home Buyers
You should buy a
home. That's what you've been hearing from friends and family,
right? So, by now you have likely already weighed the benefits and
decided that home ownership was the best decision for you. That's
a major hurdle now passed. You are focused and certain. Good.
First things first.............get pre-approved before you
start shopping!
$8,000 First
Time Home Buyer Tax Credit at a
Glance
The information on this page pertains to the American Recovery
and Reinvestment Act of 2009.
The tax credit is for first-time home buyers only. For the tax
credit program, the IRS defines a first-time home buyer as someone
who has not owned a principal residence during the three-year
period prior to the purchase.
-
The tax credit does
not have to be repaid.
-
The tax credit is
equal to 10 percent of the home’s purchase price up to a maximum
of $8,000.
-
The credit is
available for homes purchased on or after January 1, 2009 and
before June 30, 2010.
-
Single taxpayers
with incomes up to $75,000 and married
couples with incomes up to $150,000 qualify for the full tax
credit.
(NEW) $6,500
Current Home Owners Tax Credit at a Glance
-
The tax credit does
not have to be repaid.
-
The tax credit is
equal to 10 percent of the home’s purchase price up to a maximum
of $6,500.
-
The credit is
available for homes purchased on or after January 1, 2009 and
before June 30, 2010.
View this article
written by Nick Staker (Staker Mortgage President) soon to be
published for the
FWAAR September 2009
Click Here to View Article
Discuss
available First Time Home Buyer Programs offered in Indiana with a
Staker Mortgage Professional.
The state agency created by the legislature in Indiana to offer
first time home buyer programs is the Indiana Housing and
Community Development Authority. Contact a Staker Mortgage
Professional to discuss qualification.
Contact a Staker Mortgage consultant for "First Time Home Buyers"
pre-approval today!
260-494-1111 - Ask for the "First Time Home Buyers" approval
department.
More on First Time Home Buying
>>>>next
 |
