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Most will agree the up to $8000 tax credit for first time home buyers is a once in a lifetime opportunity, but the federal government has just made the deal even sweeter. A buyer can now apply and receive their tax credit BEFORE closing on a home, in fact BEFORE an offer is even made on a home. The most obviously benefit is now a first time buyer need not worry about down payment money. If you are a first time buyer, you must consider buying this year. Never again will we see a program as sweet as this.