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Your name saw this post on The ActiveRain Real Estate Network and thought it might be of interest to you. Please see the link below to review the post.

Boulder/Superior Market Trends Update
FHA First-Time Buyer Tax Credit
  
In an effort to boost the sagging real estate market and overall economy, first-time home buyers are being offered a limited time tax credit when purchasing a primary residence. 
The highlights of the tax credit are:
·   The tax credit is available for first-time home buyers only.
·   The maximum credit amount is $7,500.
·   The credit is available for homes purchased on or after April 9, 2008 and beforeJuly 1, 2009.
·   Single taxpayers with incomes up to $75,000 and married couples with incomes up to $150,000 qualify for the full tax credit.
·   The tax credit works like an interest-free loan and must be repaid over a 15-year period.
 
Due to the volume of questions that can be generated with the above, I would recommend clicking on the below link for answers to frequently asked questions: http://www.federalhousingtaxcredit.com/faq.php
... more

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