first time home buyer loans: Loans for first time home buyers in Davenport and Bettendorf IA - 01/28/14 10:44 PM
Iowa Finance Authority has announced a      new program available in February 2014
 
An annual federal tax credit for the life of the loan ( max 30 years) up to $2000 per year. The credit is 30 percent of your mortgage interest each year up to $2000. This is a CREDIT not a deduction...if your federal income tax refund is $500 it will increase to $2500 after you take the credit. 
The buyer must qualify for ONE of the following:
First-time home buyer defined as not owning your primary residence in the last 3 years OR Military veteran with … (0 comments)