first time home buyer – owner loan

blog for first time home buyers

Why does the first time home buyer credit start on April 8th?

Joseph P asked:


According to the first time hope buyer credit info on publication 17 it states that you had to have purchased you home after April 8 2009. Whats the deal with that? Why April? Why not January 1, 2008? I bought my house on March 6th but could not move in Until April 15th because the house was not inhabitable. I assume i do not qualify.

Dustin
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Posted March 31st, 2009 in Credit 5 Comments »

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5 Responses to “Why does the first time home buyer credit start on April 8th?”

  • Dirk W says:

    Jose

    this site helps a little, but i think you meant april 8, 2008 right and to claim the date is your closing date not move in or pre-approved loan, at least thats what i am told. now i saw on internet saying obama might have where we dont have to pay back the 7,500 who know i am trying to found out this too. so if your closing date was after april 8 2008 then u quilfy so get that money

  • Robin Z says:

    Brian

    I would like to know also. What is the deal with April 9th? We closed on our home the 7th of April 2008. Doesn’t get much worse than that. We helped stimulate the economy and home buying as much as people did starting the 9th of April. Yet if you were having a home built then its according to the first day you inhabited it, which of course would make you on the honor system. Does that seem fair?

  • Suggie says:

    Veronica

    I too don’t understand why they can’t do it from the beginning of the year. I closed on my home on 04/01/08. It really sucks to see that they won’t make it from the beginning of the year… Just my luck!

  • skylar658 says:

    Kevin

    It actually started on April 9th (my birthday!), just when the government decided to do it I guess. The date that the gov. goes by is your closing date. If you took out a loan for the house and had a closing that is the date you go by. Doesn’t sound like you would qualify, sorry : ( The government is not known for being fair.

  • Marianne says:

    Raymond

    Your Realtor should have been up to date on this stuff and advise you to chose a few days later. Sorry

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