You've probably heard that the $8,000 federal income tax credit for first time home buyers has expired as of April 30, 2010.  Well, if you weren't able to take advantage of that tax credit, there is another tax credit available to first time home buyers in the state of Texas that may be even better!

You could potentially get a federal income tax credit through the Texas Mortgage Credit Certificate program of up to $2,000 each and every year that you own and occupy the property you purchase as a first time home buyer (cannot have owned a home in the last 3 years).  If you were to stay in your new home for 10 years, for example, and received the maximum $2,000 tax credit each year, that would be $20,000 in tax credits (federal income tax refunds, or lower tax withholdings each paycheck) for you!!! 

Several local and state housing agencies have Mortgage Credit Certificate programs available for properties located in the State of Texas. 

Certain limitations on income and sales price apply.  So, if you are thinking of buying a home in Denton, Flower Mound, or Lewisville, Texas, or the surrounding areas, contact Candi Munguia for more information on qualifying for this great incentive to help you realize the American dream of home ownership!

 

Candi Munguia is a full time, full service Realtor serving the entire Dallas Fort Worth Metroplex. If you are looking to buy a new home, Candi can help you with any home that is available in the area! If you are looking to sell your home, Candi will provide you with a free home evaluation and comparative market analysis.  For more information on the services provided by Candi Munguia and Munguia Group Properties, please visit North Texas Real Estate.

 

3 Comments on Yes It Is True! Federal Income Tax Credits ARE STILL Available For First Time Home Buyers In Texas!

MAY
07
2010
Outside Blog

Candi, GO Texas! 
7:40pm • #1
MAY
22
2010

I wonder how Texas managed to make arrangement with the IRS for federal tax credits. That sounds unusual to say the least.
1:00am • #2
186,200 Points Outside Blog

The Texas Department of Housing and Community Affairs created its Texas Mortgage Credit Program for the residents of Texas, to help make ownership of new and existing homes more affordable for individuals and families of low and moderate income, especially first time buyers.  This has to be applied for through an approved participating lender.  It is my impression that the state of Texas is providing funding for this program.
3:45pm • #3


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Candi Munguia, REALTOR®, Texas Dream Homes

Lewisville, TX

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Munguia Group Properties

Address: Munguia Group Properties, 2611 Cross Timbers Rd., Ste. 100, Flower Mound, TX, 75028

Cell Phone: (214) 636-7882

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