Boy, I wish the government had been giving me up to $9,600 when i bought my first house.
Congress passed the $8,000 tax credit for 1st-time homebuyers in February as part of The American Recovery and Reinvestment Act of 2009. In May, Georgia Governor Sonny Perdue signed HB 261, which allows all Georgia residents who purchase an eligible home to receive up to a $1,800 credit.
The biggest surprise I have about both of these programs...how many potential homebuyers still don't know about them. Well, I'm here to try and fix that problem.
Find everything you could want to know about the $1,800 Georgia Credit here
Find everything you could want to know about the National $8,000 First-Time Homebuyer Credit here.
If you want to see all the info about both programs on one single page, just click here
The most important bit of information about each of these programs...
They expire on November 31, 2009!!!
Take advantage of them while you can!!!
Remember...with interest rates at historic lows (although they've risen dramatically at the end of May), your mortgage payment will be very, very low in comparison to your payment on the same house a year ago. With up to $9,600 back, that would pay your mortgage (at a 4.5% interest rate) on a $160,000 house for your 1st full year!
Comments(0)