first time home buyer – owner loan

Safiur Rahman asked: If you are looking to buy your first home in the near future, it is likely that you have heard about the first time home buyer stimulus program which offers you a tax credit of up to 10% on the purchase price of your home (up to $8000) if you purchase by [...]

chicky asked: I’m closing on my first house next week and i understand that the tax credit for first time home buyers has changed from $7500 to $8000. Can i receive that money on this years taxes or must i wait till next years filing?
Thanks and wish me luck!Jessie

sle7787 asked: I would like to know if you are a first time home buyer and you are going to use HUD’s $100 down payment promotion, can the first time home buyer tax credit be used towards the closing cost?
Please make your answer in simplest terms because I do not understand real estate or mortgage [...]

katie n asked: my husband and I own a house in upstate NY. my name is on the deed. but I have not signed the loan. If we get a divorce would I be eligible to receive the first time home buyers 8000$ stimulus package deal?Ruth

HealthyGal asked: Which line on the 1040A is the First Time Home Buyer Tax Credit located? I know that I need to file Form 5405 with the 1040, but I wanted to know if it was possible to file Form 5405 with the 1040A.Marilyn

di_cassano asked: I bought a home 2 years ago, the home owner is myself only. If my wife buys a $200,000 worth of home in February, will she be able to claim the $8,000 tax credit as a first time home buyer? Thanks.Marion

showstoppper_1 asked: I have gotten my three credit reports and i took a home buyer education class so where do i go from hereJuanita

myspacejunkie asked: I know that there are programs out there for first time home buyers. The problem is that when I google it, I get a myriad of sites, most of which are “grants” that are not really grants but rather clever marketing tactics used by mortgage companies. Any suggestions?Diana