federal tax credit: Home Buyer Programs Available Including Down Payment Assistance, Federal Tax Credit, and Low Down Payment First Mortgages for First Time Buyers
- 07/16/09 08:38 AM
American Dream Down Payment Initiative (ADDI) - 6% Down Payment Assistance for Low Income First Time Homebuyers within the City of Los Angeles. City of Los Angeles Housing Department’s Mortgage Credit Certificate Program (MCC) – Allows an eligible homebuyer to claim an annual federal income tax credit and is applied to a portion of the total mortgage interest paid every year for the duration of the first mortgage loan. Neighborhood Stabilization Program – Up to $75,000 for low income and $50,000 for moderate income when purchasing foreclosure or foreclosed properties located within the NSP Priority Area. 2009 Federal Tax Credit (IRS … (0 comments)
federal tax credit: Tax Credit to First Time Home Buyers
- 04/26/09 09:07 AM
$8000 Federal Tax Credit for First Time Homebuyers-2009 In its efforts to stimulate the economy and revive the housing market, Congress has enacted legislation providing a tax credit of up to $8,000 for first-time home buyers. The tax credit is for first-time home buyers only. The tax credit does not have to be repaid. The tax credit is equal to 10 percent of the home's purchase price up to a maximum of $8,000. The credit is available for homes purchased on or after January 1, 2009 and before December 1, 2009. Single taxpayers with incomes up to $75,000 and married couples … (0 comments)
federal tax credit: Update! Stimulus Advances With Tax Credit Changes
- 02/10/09 04:18 PM
According to the Realtor Report, "The $790 billion stimulus package hammered out by House and Senate conferees late yesterday increases the home buyer tax credit to $8,000, from $7,500, and drops the repayment feature for buyers who hold on to their property for at least three years. The legislation also extends the effective date of the credit to December 1 from June 30, and extends eligibility to borrowers who buy their home with the help of state or local financial assistance that comes from the proceeds of tax-exempt mortgage revenue bonds. The credit remains open only to first-time buyers (those who … (6 comments)
American Dream Down Payment Initiative (ADDI) - 6% Down Payment Assistance for Low Income First Time Homebuyers within the City of Los Angeles. City of Los Angeles Housing Department’s Mortgage Credit Certificate Program (MCC) – Allows an eligible homebuyer to claim an annual federal income tax credit and is applied to a portion of the total mortgage interest paid every year for the duration of the first mortgage loan. Neighborhood Stabilization Program – Up to $75,000 for low income and $50,000 for moderate income when purchasing foreclosure or foreclosed properties located within the NSP Priority Area. 2009 Federal Tax Credit (IRS … (0 comments)
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