First-Time Home Buyer Tax Credit

Time is of the essence for buyers who want to take advantage of this outstanding opportunity - only homes purchased on or after April 9, 2008 and before January 1, 2009 are eligible for the $7500 tax credit with payback provisions.

If you are a first-time homebuyer who is thinking about purchasing a home in 2009, you are in luck. The Federal Government has expanded the tax credit to $8000 and eliminated the payback provisions, but you better move fast, it is only available from January 1, 2009 - November 30, 2009.

Click the link below for more information on both tax credits!

http://www.federalhousingtaxcredit.com

HUD Secreatay Shaun Donovan recently announced a new program that will allow first-time home buyers to use the $8000 tax credit up-front for downpayment and closing costs. Find out more...click here.

Homeownership Calculators

Find three different calculators (buy vs. rent, affordability, and loan estimator) that will help you plan ahead for your dream home.

http://www.ginniemae.gov/ypth/index.asp?subTitle=YPTH