- The first very special benefit of this program is that it is not just for people who have never owned a home. (First-Time Home Buyers)
-
First-Time Home Buyer is defined by law as a buyer who had not owned a home used as a principle residence the past three years.
-
U.S. citizens who file taxes are eligible for the program.
Income Limits:
An additional benefit of the program is that it's available to a huge segment of U.S. Taxpayers.
- Single or head-of-household taxpayers can claim the full credit if their adjusted gross income (AGI) is less than $75,000.
-
Single or head-of-household taxpayers with an AGI between $75,000 and $95,000 are eligible to receive a partial tax credit.
-
Married couples filing a joint return can claim the full credit if their adjusted gross income (AGI) is less than $150,000.
-
Married couples filing a joint return with an AGI between $150,000 and $170,000 are eligible to receive a partial tax credit.
Qualified Buyers would receive the applicable Tax Credit for the purchase of any home on or after April 9, 2008 and on or before June 30, 2009. The purchase must close and fund. Choice of Tax Year for Credit: Types of Homes which Qualify: Here’s yet another major benefit not seen in other incentive programs. Just about every type of home and price range qualifies for the Tax Credit. Home Price Effects: Payback Provisions: Now is a great time to buy!
-
Interest rate are very low.
-
Yes, there are banks willing to loan money to those who are qualified.
-
There is a decent amount of inventory to choose from.
-
Many builders have great incentives right now.
-
This tax credit.
-
Buy Low...Sell High!
If you or someone you know could benefit from this exciting program and the benefits of buying a home in today's market then please give me a call.
Agents, if you would like this informatin in Microsoft Publisher format to use with your own branding as 3-fold printable brochure then send me an email Holt@Ebby.com
Comments(0)