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.

Thanks

Beth

Comments

2 Responses to “What kind of benefits can a first time home buyer receive?”

  1. Noneya on January 27th, 2010 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?

  2. lwp777 on January 29th, 2010 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!

Leave a Reply