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first time buyer: First Time Buyer Tax Credit at a Glance - 03/26/09 11:05 AM
As agents we are now being asked "What is this tax credit for first time home buyers?"  Especially now that there are great deals and low interest rates.    Here is some great in formation I got from my Title agent at Commonwealth Tile and Escrow.
Tax Credit at a Glance
• The tax credit is available for first time home buyers only(or for those who have not purchased in the last three years.)
• The tax credit does not have to be repaid.
• The tax credit is equal to 10% of the home's purchase price up to a maximum of $8,000.
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Bill Blanchard

Kirkland, WA

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