first time home buyer – owner loan

January 26, 2010

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

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2 Comments

  1. 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?

    Comment by Noneya — January 27, 2010 @ 8:02 am

  2. 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!

    Comment by lwp777 — January 29, 2010 @ 11:38 pm

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