Currently the State of Washington is working out the final details on a tax credit advance program for first time home buyers.

The purpose of the program is to allow first time home buyers who make 80% or less of their county’s median income an opportunity to borrow the Federal $ 8,000 tax credit in advance to purchase a home.

The State legislature has passed the necessary budget to fund the $25,000,000 that is being set aside to seed the program. The Washington Association of Realtors has pledged $400,000 in funds as well.

This program is aimed to jumpstart the housing market in many areas of the State.

I have created a website specifically for this program. The Washington First Time Home Buyers Tax Credit Advance site will be a site dedicated to helping first time buyers learn what is necessary to qualify for the tax credit advance. It will also help buyers meet qualified real estate agents and mortgage lenders who are familiar with the processes and with the home buyers’ local areas.

If you are interested in learning more about this exciting program please visit The Washington First Time Home Buyers Tax Credit Advance website today.