What kind of benefits can a first time home buyer receive?
4 Time Champ asked:
Especially the way the economy is. I know the prices are down, but is there special programs available to 1st time home buyers?
I live in Texas if that matters.
Especially the way the economy is. I know the prices are down, but is there special programs available to 1st time home buyers?
I live in Texas if that matters.
Thanks
Beth
January 27th, 2010 at 8:02 am
Pedro
Not only are prices down but so are interest rates. In addition there is the new tax credit of up to $8000.00 which does not have to be repaid.
Is that what you are looking for?
January 29th, 2010 at 11:38 pm
Kathleen
The new $8000 tax credit is huge. That is a credit and not a deduction. As long as you haven’t purchased a home within the last 3 years, then you are eligible for the credit.
Good luck with the purchase!